more-Open Joint Stock Co Vimpel Communications • November 12th, 2002 • Radiotelephone communications
Moscow, Oslo and New York (November 12, 2002) - Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP) today announced the closing of a $175.44 million investment in its regional subsidiary, VimpelCom-Region. VimpelCom, affiliates of Alfa Group of Russia and Telenor each invested $58.48 million in VimpelCom-Region. Documents consummating the closing were signed in Oslo today in the presence of Russian President Vladimir Putin, who is paying an official visit to Norway, and the Norwegian Prime Minister Kjell Magne Bondevik.
