​In Brief: Vimpelcom raised to buy | Phnom Penh Post

In Brief: Vimpelcom raised to buy

Business

Publication date
22 September 2009 | 08:00 ICT

Reporter : Bloomberg

More Topic

MOSCOW – OAO Vimpelcom, Russia’s second-largest mobile-phone company, was upgraded to “buy” from “neutral” at Bank of America Corp, which increased its price estimate to US$22 from $12. Vimplecom is the majority stakeholder in Sotelco, a Cambodia-based mobile phone company operating under the brand name Beeline and newest of nine operators in the Kingdom following its launch in May. The Moscow-based company's shares closed at $17.95 Friday on the NASDAQ stock exchange in New York after gaining 1.7 percent or $0.30.

Contact PhnomPenh Post for full article

Post Media Co Ltd
The Elements Condominium, Level 7
Hun Sen Boulevard

Phum Tuol Roka III
Sangkat Chak Angre Krom, Khan Meanchey
12353 Phnom Penh
Cambodia

Telegram: 092 555 741
Email: [email protected]