Nordic telecom operator Tele2 said on Tuesday it had decided to sell its Russian operator to bank VTB being fully aware what other options existed for the business.Tele2's Russian business has become the center of rival offers in the wake of $3.5 billion agreed deal unveiled last week to sell the assets to state-controlled bank VTB.In the wake of the news, investment group A1 rolled out an all-cash bid of $3.6 billion to $4 billion while Russia's top mobile operator MTS joined with rival Vimpelcom Ltd in a $4.0 billion to $4.25 billion offer.Tele2 in a statement defended its decision, which has left Russian billionaire Mikhail Fridman's A1 saying it could take legal action to secure its right to purchase Tele2 Russia.
VimpelCom Ltd. (VimpelCom) is a holding company. The Company operates in Mobile Telecommunications Businessand Fixed-Line Telecommunications and Fixed Internet Business. Shares of VIP remained unchanged at $11.94. In the past year, the shares have traded as low as $7.05 and as high as $12.82. On average, 1293060 shares of VIP exchange hands on a given day and today's volume is recorded at 0.
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