VimpelCom to acquire rest of Corbina Telecom

Russian mobile giant VimpelCom, which to date has owned about 51 percent of Russian wireline carrier Corbina Telecom through a subsidiary, said it will acquire the remaining 49 percent of Corbina for about $404 million. VimpelCom is leading consolidation in the region, exemplified not only by this deal, but also by the company's earlier acquisition of Golden Telecom.

Corbina Telecom recently said it was teaming up with Microsoft to use Mediaroom for the launch of its Corbina TV IPTV service to begin in the middle of this year.

For more:
- see this report at Light Reading Europe

Related articles:
Corbina Telecom is eyeing an IPTV opportunity Corbina Telecom report
Golden Telecom became a VimpelCom buyout target late last year Golden Telecom report