Russian telecoms group Vimpelcom (VIP.N) beat earnings forecasts on Tuesday with a 63 percent jump in fourth-quarter net profit and said its efforts to restore domestic market share had begun to bear fruit. The company also said it hopes to close its $6 billion plus deal for control of Orascom Telecom (ORTE.CA) and Italy's Wind Telecom within a month after gaining approval despite opposition from Norwegian shareholder Telenor (TEL.OL). [ID:nLDE72G0QR] "As we look ahead, we are confident this combination will be increasingly attractive for all our stakeholders and will unlock additional value within the next 24 months," Chief Executive Alexander Izosimov said in a statement.
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