Antimonopoly Committee Likely To Complete Revising Permission to Merge Kyivstar and VimpelCom by September 13

The Antimonopoly Committee of Ukraine intends to complete revising the permission to merge the Kyivstar mobile communications operator and the VimpelCom mobile communications operator (Russia) by October, Antimonopoly Committee Chairman Oleksii Kostusev told the press.

“We planned to make a decision in late August, but, perhaps, the deadline will be extended. I promise you the decision will be made during the month,” Kostusev emphasized.

During the investigation the Antimonopoly Committee has obtained fresh information on the matter that may affect the decision-making, he added.

As Ukrainian News reported, Kostusev said in mid July the Antimonopoly Committee might carry out revision in its permission to merge the Kyivstar mobile communications operator and the VimpelCom mobile communications operator by late August.

The Antimonopoly Committee suspended its permission for merger of the VimpelCom and the Kyivstar on April 22 after Astelit provided additional reasons to delay the merger.

The Antimonopoly Committee in March approved merger of the Kyivstar and the VimpelCom in March without additional provisions.

On October 5, 2009, the Altimo company (Russia) and the Telenor telecommunications company (Norway) agreed to merge Kyivstar and VimpelCom to create a new cellular communications operator, VimpelCom Ltd. (Bermuda islands), to provide integrated cellular communications services in Russia, Ukraine, and other member-countries of the Commonwealth of Independent States, as well as in Georgia, Vietnam, Cambodia, and Laos.

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