Telecommunications group VimpelCom (Russia) has sold his stake in Mobile Telecommunications Company Global (Gtel Mobile) for partners of Vietnam. Beeline brand and Vietnamese withdrawal from the market after 6 months.
Talking to VnExpress.net, source from the Beeline network to verify the information VimpelCom shares sold in Gtel Mobile Company Limited and a member transmission infrastructure services Gtel. Accordingly, the entire 49% stake of foreign partners in joint venture VimpelCom has acquired units, Gtel Mobile to become the company 100% owned by domestic shareholders.
Beeline brand about to change after 6 months.

           Beeline brand to withdraw from Vietnam after six months.

Transfer rates of VimpelCom shares in partner Gtel Mobile's $ 45 million in cash. The Gtel Mobile is working with other agencies and departments concerned to complete all procedures for transfer of shares. Under the agreement, Gtel Mobile Beeline brand will not be used after 6 months from the date of transfer. Besides that point, this unit will build a new brand name in accordance with the criteria and guidelines set out the business.

Mr. Nguyen Van Du, deputy general manager assert Gtel Mobile is providing mobile telecommunications services in Vietnam. "Inheriting the experience and results achieved in the time associated with VimpelCom, we will continue to invest and deploy the mobile service. All of Beeline subscribers are guaranteed the rights his, "said Yu.

In mid-2011, VimpelCom had announced plans to invest $ 500 million in Beeline mobile network to the end of 2013. Then said the company was officially transferred 196 million dollars in venture Gtel Mobile and increase the percentage of shares of shareholders to 49%. According to the financial statements of VimpelCom IV/2011 quarter, the company lost $ 527 million to invest in the telecommunications sector in Vietnam and Cambodia.

VimpelCom is a supplier of mobile telecommunication services in Eastern Europe and most of Central Asia. GTEL Mobile venture between GTEL and VimpelCom to launch Beeline 7/2009, becoming the first seven mobile networks in Vietnam. Born late but this carrier causes the attention on the market with promotions "crisis", with the most recent package billionaire, donated a billion-net calls to customers. As of 2011, as reported by the Beeline to the Ministry of Information and Communications, the mobile network has had 6 million subscribers. Beeline mobile network is not 3G licenses.