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Stock Market & Financial Investment News

News Breaks
February 14, 2013
06:00 EDTVIP, ERICVimpelCom signs 5-year managed services contract with Ericsson
VimpelCom (VIP) has signed a managed services contract with Ericsson (ERIC). Under the five year agreement, Ericsson will manage network operations on VimpelCom's behalf at more than 10,000 sites, as well as overseeing more than 10,000km of optical transport cables and an extensive fixed network across Siberia and the Urals in Russia. Ericsson will be responsible for network operations and field maintenance for active and passive network components, for the operator's mobile, fixed and transport networks. As part of the agreement over 400 VimpelCom employees spread over 41 locations across Siberia and the Urals will be transferred to Ericsson in April.
News For VIP;ERIC From The Last 14 Days
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July 29, 2015
12:32 EDTVIPVimpelCom, CK Hutchison nearing Italian asset merger, Bloomberg reports
VimpelCom and CK Hutchison are nearing combining their wireless units in Italy to create Italy's largest mobile-phone company by customers, Bloomberg reports, citing people familiar with the matter. The companies are finishing up the details of the deal, with an announcement expected potentially in the next week at the earliest, the report says. The owners are discussing a possible capital increase of $2.2B for the entity, the report adds. Reference Link
July 27, 2015
05:36 EDTERICEricsson announces partnership with Airtel Gabon
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