VimpelCom's pre-paid cards, by contrast, are sold at hundreds of retail outlets in Moscow.
As a result, VimpelCom's shares (listed in New York), fell by more than 80%.
The latest example of this trend is the harassment of Russian mobile-phone operator VimpelCom.
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Then a company called Farimex, which owns a 0.002% stake in VimpelCom, joined the fight.
ECONOMIST: Telenor and Alfa are reconciled: A strong signal | The
It complained to a court in Siberia that Telenor's stance had done VimpelCom grave commercial harm.
ECONOMIST: Telenor and Alfa are reconciled: A strong signal | The
Telenor refused to pay, whereupon the courts seized most of its 30% stake in VimpelCom.
ECONOMIST: Telenor and Alfa are reconciled: A strong signal | The
Orascom is now controlled by Dutch-based VimpelCom, who signalled its interest in selling WIND Mobile earlier this year.
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The duo had been at loggerheads since 2004, when Altimo suggested that VimpelCom take over a Ukrainian rival to Kyivstar.
ECONOMIST: Telenor and Alfa are reconciled: A strong signal | The
Bichara will also act as president and chief operating officer of Vimpelcom.
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VimpelCom's competitors are trying to catch up by using even newer technology.
Fears that it might presage attacks on other companies seem confirmed by this week's news of an abrupt tax claim on VimpelCom, a telecoms firm.
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Vimpelcom stock keeps falling, down another 12% since its October low.
In October, the Financial Times reported that in addition to selling-off non-core assets in Canada, VimpelCom is also looking to dispose of its non-core assets in Sub-Saharan Africa, Laos, and Cambodia.
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Among the largest underlying components of RSX, in trading today VimpelCom Ltd. ( NYSE: VIP) is down about 0.9%, and CTC Media Inc ( NASD: CTCM) is lower by about 0.8%.
Among the largest underlying components of RSX, in trading today VimpelCom Ltd. ( NYSE: VIP) is up about 2%, and CTC Media Inc ( NASD: CTCM) is higher by about 3%.
Russian billionaires Petr Aven and Mikhail Friedman are hoping their Alfa Group can get out of repayment pressure from Deutsche Bank, which provided multibillion-dollar loans to purchase shares in mobile operator VimpelCom.
After five years, the notoriously sharp-elbowed Alfa Group has settled its differences with Telenor, a largely state-owned Norwegian firm that is its partner in mobile-phone ventures in Russia and Ukraine, called VimpelCom and Kyivstar respectively.
ECONOMIST: Telenor and Alfa are reconciled: A strong signal | The
Among the largest underlying components of RSX, in trading today Mobile Telesystems OJSC ( NYSE: MBT) is down about 1.6%, VimpelCom Ltd. ( NYSE: VIP) is up about 0.1%, and Mechel OAO ( NYSE: MTL) is higher by about 4%.
Among the largest underlying components of RSX, in trading today VimpelCom Ltd. ( NYSE: VIP) is up about 1.8%, Mobile Telesystems OJSC ( NYSE: MBT) is up about 1.6%, and Mechel OAO ( NYSE: MTL) is higher by about 0.1%.
Among the largest underlying components of RSX, in trading today Mobile Telesystems OJSC ( NYSE: MBT) is up about 1.3%, VimpelCom Ltd. ( NYSE: VIP) is up about 1.9%, and Mechel OAO ( NYSE: MTL) is higher by about 1.4%.
Among the largest underlying components of RSX, in trading today Mobile Telesystems OJSC ( NYSE: MBT) is off about 1%, VimpelCom Ltd. ( NYSE: VIP) is off about 1%, and Mechel OAO ( NYSE: MTL) is higher by about 2.6%.
Among the largest underlying components of RSX, in trading today Mobile Telesystems OJSC ( NYSE: MBT) is up about 1%, VimpelCom Ltd. ( NYSE: VIP) is up about 0.2%, and Mechel OAO ( NYSE: MTL) is up by about 1.1%.
Among the largest underlying components of RSX, in trading today Mobile Telesystems OJSC ( NYSE: MBT) is up about 1%, VimpelCom Ltd. ( NYSE: VIP) is up about 1.4%, and Mechel OAO ( NYSE: MTL) is up by about 0.5%.
Among the largest underlying components of RSX, in trading today Mobile Telesystems OJSC ( NYSE: MBT) is off about 1.6%, VimpelCom Ltd. ( NYSE: VIP) is down about 4.6%, and Mechel OAO ( NYSE: MTL) is lower by about 3.1%.
Among the largest underlying components of RSX, in trading today VimpelCom Ltd. ( NYSE: VIP) is up about 3.6%, Mobile Telesystems OJSC ( NYSE: MBT) is up about 2.8%, and Mechel OAO ( NYSE: MTL) is higher by about 4.8%.
Among the largest underlying components of RSX, in trading today VimpelCom Ltd. ( NYSE: VIP) is up about 1.7%, Mechel OAO ( NYSE: MTL) is off about 0.3%, and CTC Media Inc ( NASD: CTCM) is lower by about 1.4%.
Among the largest underlying components of RSX, in trading today Mobile Telesystems OJSC ( NYSE: MBT) is off about 0.5%, VimpelCom Ltd. ( NYSE: VIP) is down about 0.8%, and CTC Media Inc ( NASD: CTCM) is lower by about 0.9%.
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