VimpelCom Ltd has appointed Kyivstar President Ihor Litovchenko the manager of its business unit in Ukraine.
According to the statement, on June 10 the board of directors of the company endorsed changes in the management structure of VimpelCom.
“The structure has been divided into four business units: Russia, Ukraine, the Commonwealth of Independent States, and international businesses who will be subordinated directly to the headquarters of the company in Amsterdam,” reads the statement.
The board of directors decided that Litovchenko will head the business unit in Ukraine.
The company does not release whether the board of directors endorsed any decisions concerning the merger of any assets of VimpelCom Ltd.
As Ukrainian News earlier reported, on October 5, 2009, Russia’s Altimo and Telenor reached agreement upon combining their holdings in Kyivstar GSM into a new joint cellular communications operator, VimpelCom Ltd. (Bermuda islands) to render integrated cellular communications services in Russia, Ukraine, and other members of the Commonwealth of Independent States, as well as in Georgia, Vietnam, Cambodia, and Laos.
On April 21, the Telenor telecommunications company (Norway) and the Altimo company (Russia) announced the completion of the merger of VimpelCom mobile telecommunications operator (Russia) and the Kyivstar mobile communication operator. Consequently, Kyivstar’s shares were automatically transferred to the newly created VimpelCom Ltd.
Thus, in Ukraine VimpelCom controls the following mobile communications operators: Kyivstar, Ukrainian Radiosystems and Golden Telecom (both are of the Beeline brand).
The Antimonopoly Committee on April 22 suspended its permission for the merger of VimpelCom mobile communication operator and Kyivstar mobile communication operator upon new facts provided by Astelit mobile communication operator.