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Russia’s VimpelCom offers $5 bln in shares for Ukraine’s Kyivstar
Journal Staff Report

KIEV, Feb. 13 – VimpelCom, Russia’s No. 2 cell phone company, offered to buy 100% of Kyivstar, Ukraine’s No. 1 cell phone company, for $5 billion in the company’s shares, the Russian cell phone company reported Monday.

The hostile takeover bid is seen as next step in a shareholder war waged between Norway's Telenor and Russia’s Altimo, a telecommunications arm of Alfa Group.




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