UPDATE: VEON says VimpelCom has no plans to sell towers yet - Telecommunications - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE: VEON says VimpelCom has no plans to sell towers yet

(Adds two last paragraphs)

BRUSSELS, Feb 7 (PRIME) -- Russian mobile operator VimpelCom, working under the Beeline brand and fully owned by Amsterdam-based VEON, does not have plans to sell its tower infrastructure, Kjell Morten Johnsen, who is in charge of VEONТs business in Russia and Italy, said on Wednesday.

VEON studied options of sale of some infrastructure in different countries and decided that it would be wrong for the Russian market, at least at present, Johnsen said.

If it makes sense, the company can sell towers next year or later, the executive said.

Johnsen said separately that VEON does not set the goal of regaining the position of RussiaТs second biggest mobile operator, currently held by MegaFon, for VimpelComТs new CEO Vasil Latsanich. Before joining VimpelCom, Latsanich was a vice president for strategy and marketing at the countryТs number one operator, MTS.

Latsanich has broad experience in this business, Johnsen said, adding that he expects the new CEO to stick to VimpelComТs strategy.

End

07.02.2018 12:14
 
 
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