World VoIP NewsVimpelcom cold feet over Laos acquisitionVimpelcom cold feet over Laos acquisition

Vimpelcom cold feet over Laos acquisition


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Millicom International Cellular (MIC) has made a statement saying that Russian group Vimpelcom has not completed the agreement to acquire its 74.1% holding in Millicom Lao, despite all original conditions being met.
Millicom International Cellular (MIC) has made a statement saying that Russian group Vimpelcom has not completed the agreement to acquire its 74.1% holding in Millicom Lao, despite all original conditions being met.

The Luxembourg-based company says it is reserving its right to seek compensation for any loss of value that arises following Vimpelcom’s decision not to complete the deal.

MIC has confirmed that it still plans to proceed with the sale of its Laos operation.


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