
Relative to other China ETFs, this fund has heavier weightings in consumer and tech names.
Independent States. In 2007, VimpelCom started addressing the first two parts of the strategy by acquiring alternative carrier Golden Telecom , making it the first fully integrated telecom firm in Russia. VimpelCom can now leverage Golden's position as the leading
VimpelCom VIP became Russia's first fully integrated telecom operator by acquiring broadband and fixed-line operator Golden Telecom in 2007, the die was cast. MTS countered with a game-changing move of its own when it took a controlling stake in broadband
risk. Vimpel generates strong, steady cash flow, which it has used to repay debt aggressively since the acquisition of Golden Telecom in 2008. At the end of September, VimpelCom carried $4 billion of debt, net of $2.5 billion in cash, down from
of growth upside for broadband products and service.The Golden Telecom acquisition allows for some exciting bundling opportunities ..... two parts of the strategy by acquiring alternative carrier Golden Telecom , making it the first fully integrated telecom firm in Russia
Besides showing good pricing discipline, the firm is also starting to realize cost savings from the integration of Golden Telecom . On a group level, margins were the strongest in over a year. Given the strong first-half showing, our full-year
Commonwealth of Independent States. After rival VimpelCom VIP made a similar move in 2007 by acquiring broadband outfit Golden Telecom , MTS had no choice but to respond with such a move if it wanted to keep pace. While we think the deal makes strategic
value-enhancing deal that sets MTS on equal footing with its archrival VimpelCom (which acquired fixed-line player Golden Telecom in 2007) as both firms attempt to develop broadband services. MTS has also done a great job of expanding its retail presence
households with personal computers begins to rise, all new subscribers will likely immediately want broadband service. The Golden Telecom acquisition solidifies the firm's growth profile, and while margins could take a near-term hit, long-term profitability
control. One possibility would be swapping Telenor's stake in VimpelCom VIP and the cash it received from selling its Golden Telecom shares to VimpelCom for Altimo's stakes in MegaFon, Turkcell, and Kyivstar, the largest wireless operator in Ukraine