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Stock Market & Financial Investment News

News Breaks
March 3, 2014
07:13 EDTVIPVimpelCom volatility elevated into Russian move on Crimea
VimpelCom overall option implied volatility of 33 is above its 26-week average of 29 according to Track Data, suggesting large price movement into Russia’s move on Crimea.
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January 30, 2015
09:20 EDTVIPVimpelCom, Global Telecom announce close Algeria transaction
VimpelCom and its subsidiary Global Telecom Holding announce the closing of the sale by GTH of a 51% interest in Omnium Telecom Algeria SpA to the Algerian National Investment Fund, or the "FNI", for $2.6B. GTH and the FNI have entered into a shareholders agreement, which governs their relationship as shareholders in OTA going forward. GTH will continue to exercise operational control over OTA and, as a result, both GTH and VimpelCom will continue to fully consolidate OTA. VimpelCom CEO Jo Lunder commented: "Today, we have entered into a long-term relationship with the Algerian National Fund, creating a private-public ownership structure for Djezzy. With this new ownership structure, Djezzy is positioned better than ever to lead the way in Algeria, offering customers high quality mobile services and the best digital experience. The deal, on a group level, also releases significant cash amounts to GTH and VimpelCom to pay down gross debt."
January 29, 2015
10:00 EDTVIPOn The Fly: Analyst Downgrade Summary
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07:30 EDTVIPVimpelCom downgraded to Hold from Buy at Deutsche Bank
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January 19, 2015
13:15 EDTVIPVimpelCom COO Rene Schuster leaving company
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