The three businesses could be valued at more than USD 60 million, according to one person with knowledge of the situation, with about USD 94 million of revenues generated from about 2.8 million mobile subscribers. The move is part of a strategy to focus on more mature markets such as Russia and Italy, which make up about 70 percent of the group’s business.
In Asia, VimpelCom is lining up the sale of its three businesses in Cambodia, where it has more than 1 million subscribers, and in Laos, which has about 400,000 subscribers. Including Vietnam, which has already been sold, the unit generated revenues of USD 69 million last year.
Interest in the African assets has mainly come from telecoms groups looking to buy a first foothold in the markets, the paper said. In Asia there have been talks with companies already present in the markets seeking to consolidate their position.
