Vimpel- Communications, or VimpelCom, (VIP) said it agreed to acquire Golden Telecom, Inc. (GLDN) for approximately $4.3 billion in cash.VimpelCom expects the transaction will transform the company from a mobile-centric operator to an integrated service provider with an established position in high-growth broadband, data and mobile markets.Further, the deal will create the first fully-integrated telecoms service provider across Russia and the CIS.In addition, the deal will enhance VimpelCom's positioning as a market leader in integrated corporate solutions as a result of product bundling and address high-growth adjacent markets where Golden Telecom has a significant infrastructure advantage.Pursuant to the merger agreement, VimpelCom' unit Lillian Acquisition, Inc. will commence a tender offer on or before January 18, 2008, to acquire Golden Telecom's common stock at a price of $105 per share in cash, representing about 5% premium to Golden Telecom's December 20 closing price of $100.06.The offer price of $105 per share represents a premium of 3.5% to the closing price of Golden Telecom common stock on November 30, 2007, the business day before Golden Telecom and VimpelCom announced that they were in negotiations regarding a potential transaction. The price also represents a premium of 10.1% and 27.6% to the average closing price of Golden Telecom common stock over the previous 60 and 120 days, respectively.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.