Logo of Phnom Penh Post newspaper Phnom Penh Post - In Brief: Vimpelcom's year high

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.

MOST VIEWED

  • Negotiations on EBA being held

    In an effort to defuse tensions, a senior government official said Cambodia is negotiating with the European Union (EU) on the Everything But Arms (EBA) trade deal, which allows the Kingdom to export goods to the 28-member bloc tariff-free. The EU notified Cambodia on October 5

  • Ministers to tackle sea pollutants

    Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s

  • Chinese police escort deported scam suspects

    Ninety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters

  • Sam Rainsy, government group set to clash at IPU Geneva meet?

    Opposition figure Sam Rainsy has been invited to speak at the General Assembly of the Inter-Parliamentary Union (IPU) in Geneva, according to a former Cambodia National Rescue Party (CNRP) lawmaker. A government delegation is also set to attend the meeting, a National Assembly press release