VimpelCom has announced a final agreement on the purchase of NTC

The company VimpelCom announced a final agreement and signing the transaction documents, allows you to purchase 100% shares of JSC "New Telephone Company (NTC).

Within 4 weeks, the parties must close the first phase of the transaction - the purchase of 90% stake in STC. The remaining 10% stake will be acquired under the mandatory offer, sent to the shareholders of society. Projected date of closing of the second phase of the deal - 3 Quarter 2011

In accordance with the terms of the signed documents to VimpelCom acquires 100% stake in STC, based on an assessment of the company at debt-free basis of $ 420 million U.S. dollars. The main shareholders of NTC is the company CT Corporation and Summit Telecom Global Management BV, a subsidiary of Sumitomo Corporation.

VimpelCom has announced a final agreement on the purchase of NTC

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