Dow Jones
Nov 3 2006
VimpelCom Opprtunities In Armenia ‘Endless’
Friday, November 03, 2006 11:35:56 AM ET
Dow Jones Newswires
1522 GMT [Dow Jones] Deutsche Bank says VimpelCom’s (VIP)
opportunities in Armenia "are endless," after its purchase of a
company there from OTE. Notes VimpelCom now has 50% share of the
mobile market there. Says it’s positive that mobile penetration is
still very low in Armenia, and that it’s too early to say whether the
price paid was fair, as there is no break-up of financial results
available for the mobile and fixed-line sector. Rates VimpelCom
shares buy. (AIG)
From: Baghdasarian