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Russia’s VimpelCom acquires Ukrainian cell phone co for $231.3 mln
Journal Staff Report

MOSCOW, Nov. 14 – Vimpel Communications, Russia’s second largest cell phone company, has completed a deal to buy 100% of Ukrainian Radio Systems (URS), a small Ukrainian cell phone operator, for $231.3 mln, the company reported.

VimpelCom said the spending includes the purchase price of $206.5 mln, plus a spending of $24.8 mln incurred by URS with prior approval from VimpelCom.




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