VimpelCom Awarded 3G License
OREANDA-NEWS. Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP), a leading provider of wireless telecommunications services in Russia and the Commonwealth of Independent States (CIS) today announced that according to official information from Federal Communications Agency (the "Agency") VimpelCom became one of the winners in the tenders for three licenses for provision of IMT-2000/UMTS (3G) mobile radiotelephony communications services.
Commenting on the tender results, VimpelCom's CEO, Alexander Izosimov said: "We are satisfied with the tender results. In our view, VimpelCom's victory was well-deserved, and we are pleased that our experience, knowledge and resources will be fully utilized in the deployment of 3G networks in Russia. I believe that the decision made by the commission will contribute to healthy competition in the Russian telecommunications sector and is in the best interests of Russian consumers, the Russian telecommunications industry and the Russian economy in general."
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