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Technology Stocks : Vimpel Comm (VIP) ADR's of the Russian Cellular Phone Co. -- Ignore unavailable to you. Want to Upgrade?


To: Manfred Sondermann who wrote (58)5/14/1998 1:38:00 AM
From: Manfred Sondermann  Read Replies (1) | Respond to of 283
 
Ericsson wins $22 mln order from Vimpelcom

STOCKHOLM, May 12 (Reuters) - Swedish telephone equipment maker L.M. Ericsson (LMEb.ST) has won a $22 million
order from Russian mobile telephone operator Vimpelcom (VIP - news), Ericsson said on Tuesday.

The order for D-AMPS equipment will allow Vimpelcom (Vympelkom in Russian) to enhance network coverage and capacity
in response to growing subscriber demand in Moscow and surroundings, it said in a statement.

Vimpelcom, which is listed in New York, provides mobile phone services in the Moscow region under the Bee-Line brand.