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Telecom VimpelCom Soars On Italy Merger Speculation

2015-07-29 23:46:07| Telecom - Topix.net

VimpelCom shares are up more than 14% on news that it may combine its wireless business with that of CK Hutchison Holdings in Italy. Hong Kong based CK Hutchinson is controlled by billionaire Li Ka-shing , and Amsterdam-based VimpelCom's largest shareholders include Russian billionaire Mikhail Fridman , Bloomberg reported earlier today.

Tags: italy telecom merger speculation

Category:Telecommunications

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