Vimpelcom is undertaking the telecom industry's most radical overhaul to date, weaning itself from declining revenues from voice and data to focus instead on mobile Internet services such as banking, taxis and messaging, its executives said.
The reinvention by one of the world's top ten mobile operators is the clearest example yet of a major telecom company deciding to join theRead more
The European Union (EU) antitrust watchdog on Wednesday opened an in-depth investigation into the proposed joint venture between the telecommunications activities of Hutchison and VimpelCom in Italy.
The European Commission in a statement said it had concerns that the deal between the Italian telecom units could lead to higher prices, less choice and reduced innovation for mobile customers in Italy.Read more