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In Brief: Vimpelcom's year high

In Brief: Vimpelcom's year high

VIMPELCOM, the parent company of mobile phone brand Beeline, saw its stock price surge 4.19 percent in New York trading Wednesday to reach US$20.12, its highest value since September last year. The stock price has climbed in recent months on the back of positive news from the Moscow-based company including its entrance into Laos and a recent deal between its previously warring major stake holders, Altimo and Telenor. Deutsche Bank last week raised the stock to “buy” with a target price of $23.10.

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