Russian telecoms group Vimpelcom (VIP.O) is in talks with Asia's Hutchison Whampoa (0013.HK) about merging their mobile phone businesses in Italy as a joint venture, Vimpelcom Chief Executive Jean-Yves Charlier said on Wednesday.
Vimpelcom
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Russian telecoms giant Vimpelcom has agreed to let go of its much disputed holdings in Orascom Telecom Algeria to the Algerian government after buying the telecoms firm from Naguib Sawiris in 2010 for $6 billion.
Russia's Vimpelcom hired Verizon Wireless'former finance chief to help it in reducing its US$23 billion debt.
MTS had entered into a compromise regarding ownership of Bitel.
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