VimpelCom offers of 142m ADS through sale of shareholder Telenor East

VimpelCom Ltd. (NASDAQ: VIP) has commenced an offering by selling shareholder Telenor East Holding II AS of 142,500,000 American Depositary Shares, the company said.

Morgan Stanley and J.P. Morgan will act as joint global coordinators and joint bookrunners and Citigroup and Credit Suisse will act as joint bookrunners for the offering.

VimpelCom will not receive any proceeds from the sale of the ADSs by Telenor, and Telenor´s sale of the ADSs will not result in dilution of the company´s issued and outstanding shares.

VimpelCom is an international communications and technology company headquartered in Amsterdam, which provides more than 200 million customers with voice, fixed broadband, data and digital services.