Sunday, November 13, 2011

VimpelCom Appoints Deputy CEO

VimpelCom appointed Jan Edvard Thygesen as Deputy Chief Executive Officer and Chief Operating Officer, effective January 1, 2012, replacing Khaled Bichara, who will be stepping down as planned following his successful efforts in the post acquisition integration of the operations of VimpelCom and Wind Telecom.


Thygesen joins VimpelCom from Telenor, where he currently is Executive Vice President and Head of Central and Eastern European operations.

http://www.vimpelcom.com

  • VimpleCom currently offers wireless, fixed, and broadband services in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Vietnam, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic, Italy and Canada. The company provides services under the "Beeline", "Kyivstar", "djuice", "Wind", "Infostrada", "Mobilink", "Leo", "Banglalink", "Telecel", and "Djezzy" brands.


  • Earlier this year, Russia's Vimpel-Communications completed its previously announced deal with Egyptian billionaire Naguib Sawiris to acquire Weather Investments S.p.A, which owns 51.7% of Orascom Telecom (Egypt) and 100% of Wind Telecomunicazioni (Italy). The US$1.495 billion cash deal, which was first announced in October 2010, was financed from Vimpelcom's existing cash balances and new debt facilities.


    Vimpelcom said the acquisition will make it the world's sixth largest mobile telecommunications carrier by subscribers. Total mobile subscriber base reached 181 million as of December 31, 2010. The combined company had with pro forma net operating revenues of US$21.5 billion and pro forma EBITDA of US$9.5 billion for 2009. The combined company has operations in 20 countries with a combined population of 850 million.


    VimpleCom plans to sell off several newly-acquired business units from Weather, including Orascom Telecom's investments in Egypt and North Korea, as well as Wind Italy's Wind International Services S.p.A. subsidiary.


    Jo Lunder, Chairman of VimpelCom, commented: "This landmark transaction is a significant step forward for VimpelCom. It establishes the growth platform that the Supervisory Board has strongly supported, allowing us to become a truly global player with a strong presence across Europe, Asia and Africa. At the same time, the enlarged VimpelCom remains committed to delivering enhanced shareholder value in 2011 and beyond, which is critical to the success of a leading global company."


  • In November 1996, OJSC VimpelCom was the first Russian company to list its shares on the New York Stock Exchange (NYSE).


  • In February 2008, OJSC VimpelCom merged with Golden Telecom, a leading facilities-based provider of integrated telecommunications and Internet services in Russia and the CIS.


  • In October 2008, VimpelCom acquired a 49.9% stake in Euroset, the largest mobile retailer in Russia and the CIS.


  • In May 2009, VimpelCom launched commercial operations outside of the CIS in Cambodia and in July 2009 in Vietnam.


  • In April 2010, a new entity, VimpelCom Limited, completed a tender offer to exchange ownership of OJSC VimpelCom and Ukraine’s Kyivstar for shares in VimpelCom Limited, listed on the New York Stock Exchange under the ticker symbol “VIP�? previously held by OJSC VimpelCom.

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