Amsterdam (October 17, 2011) – VimpelCom Ltd” (“VimpelCom” or the “Company”) (NYSE: VIP), a leading global provider of telecommunications services, today announced that it has agreed with Weather Investments II S.a.r.l. (“Weather II”) to extend to November 15, 2011 VimpelCom’s option to enter into the value sharing arrangement with Weather II with respect to Orascom Telecom Algerie. The option was originally set to expire on October 15, 2011. For more information about the value sharing arrangement, please refer to the joint press release of VimpelCom and Wind Telecom S.p.A. issued on April 15, 2011.
About VimpelCom Ltd.
VimpelCom is one of the world’s largest integrated telecommunications services operators offering a wide range of wireless, fixed, and broadband services in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Vietnam, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic, Italy and Canada. VimpelCom’s operations around the globe cover territory with a total population of approximately 864 million people. VimpelCom provides services under the "Beeline", "Kyivstar", "djuice", “Wind”, "Infostrada" “Mobilink”, “Leo”, “banglalink”, “Telecel”, and “Djezzy” brands. As of June 30, 2011 VimpelCom had 193 million mobile subscribers on a combined basis. VimpelCom is traded on the New York Stock Exchange under the symbol (VIP). For more information visit: http://www.vimpelcom.com.
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