MOSCOW and NEW YORK, May 18 /PRNewswire-FirstCall/ -- Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP), the leading provider of telecommunications services in Russia and the Commonwealth of Independent States (CIS), today officially announced the commercial launch of mobile operations in the Kingdom of Cambodia. Mobile services were launched under VimpelCom's "Beeline" brand via its subsidiary Sotelco LTD.
"The commercial launch in Cambodia is the first launch by a Russian mobile operator under its own brand outside of Russia and the CIS. The Cambodian launch is an important stage in VimpelCom's international development," - said Vladimir Riabokon, Executive Vice President of VimpelCom.
During the first stage Beeline services will be available in the 11 largest provinces of the Kingdom of Cambodia with 37% of the country's population. By the end of 2009, the company plans to provide coverage to an area with more than two thirds of the country's population.
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The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of mobile, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia, Armenia, as well as Vietnam and Cambodia, in territories with a total population of about 340 million. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".
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