"Vympelcom" will start a cellular network in Vietnam not earlier the beginning of 2009 year.
"Vympelcom" (the trade mark "Beeline") expects to start a cellular communication network in Vietnam not earlier the beginning of 2009 About it RBC the general director of the company Alexander Izosimov has informed. We will remind, earlier it was planned that network input in operation will take place till the end of 2008 For this purpose to "Vympelcom" it was necessary was to begin building in I quarter 2008 However building is postponed because negotiations with the government of Vietnam about joint venture creation are not finished. Thus Alexander Izosimov hopes that in the near future negotiations will come to the end positively. According to the general director of "Vympelcom", loan for financing of building of a network "hardly will be necessary" as the company "has on it means". Alexander Izosimov also has noticed that procedure of reception of the building licence will occupy some time, in particular, it will be necessary for "Vympelcom" to receive the licence certificate. "We will try to do the utmost, if we will agree about the joint venture", - Alexander Izosimov has concluded.
We will remind, on September, 12th, 2007" The Vympelcom "has informed that the company within the next several years invests to $1 billion in development of a network of a mobile communication of standard GSM in Vietnam. The agreement on joint venture creation has been signed within the limits of visit of the prime minister of Vietnam by Nguen Tan Zunga to Russia. By the way in Vietnam the visa regime is entered, therefore for country visiting be so kind as to familiarise with vietnam visa information, and to issue the Vietnam visa. As it was marked in "the Vympelcom" message, participants of the joint venture in sphere of mobile telecommunications GTel Mobile in Vietnam also will be the company which owner is the Ministry of public safety of Vietnam, and the American company Millennium Global Solutions Group.
According to agreement conditions,"Vympelcom"will give the joint venture technical and operational examination. According to the legislation of Vietnam regulating investment activity,"Vympelcom"will be the owner of a minority voting package in joint venture. The agreement also provides that "Vympelcom" will receive the most part in joint venture profits, and Vympelcom "influence" "on operative activity of the enterprise will be rather considerable".