A Change of Guard

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Thursday 14 May 2009

VimpelCom Starts Cambodian Ops; Vietnam Network Launch Summer

MOSCOW (Dow Jones)--Russian telecoms operator OAO Vimpel Communications (VIP) has begun cellular operations in Cambodia and plans to launch its network in Vietnam this summer, Chief Executive Boris Nemsic said Wednesday.

The two Asian markets represent VimpelCom's first forays out of the Commonwealth of Independent States and offer densely populated markets for expansion.

"Those two countries have more people than our entire CIS operations, excluding Russia," VimpelCom's chief executive told reporters.

 Company Web site: www.vimpelcom.com 
 -By Andrew Langley, Dow Jones Newswires; +7 495 937 8445; andrew.langley@dowjones.com 

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