Title for Episode VIII of world’s famous saga ‘Star Wars’ revealedSociety & Culture January 23, 21:19
Russia’s chief negotiator: Astana format gives hope for new level in negotiating processRussian Politics & Diplomacy January 23, 20:52
Astana talks focusing on mechanism of Syria ceasefire observance — oppositionWorld January 23, 20:23
Russia and Turkey hit Islamic State targets near al-Bab in Aleppo provinceWorld January 23, 20:06
Russia’s 4th Yasen-class submarine completes hydraulic testsMilitary & Defense January 23, 18:56
Arctic airport in search for investorsBusiness & Economy January 23, 18:50
Rosneft begins Arctic shelf’s seismological exploration from 2017Business & Economy January 23, 18:38
Tesla takes the lead in sales of electric cars in Russia in 2016Business & Economy January 23, 18:18
Politician says European-style reforms to degrade Ukraine’s economyWorld January 23, 18:16
MOSCOW, May 06. /ITAR-TASS/. NASDAQ has warned the telecommunications holding Vimpelcom controlling the similarly named Russian operator, that it has violated listing rules, having delayed publication of the 2013 report on 20-F Form, goes the company’s report.
According to NASDAQ rules, Vimpelcom should present a correction plan within 60 calendar days.
On May 1, VimpelCom notified the United States Securities and Exchange Commission (SEC) it would not be able to timely present the mentioned report because of the investigation initiated by the US Department of Justice and SEC as well as the prosecutor of the Netherlands in mid-March in relation to the holding’s operations in Uzbekistan.
According to the holding, Vimpelcom Ltd faced no particular claims but had its documents seized by SEC and the prosecutor. A similar 2.5-month examination carried out by Uzbekistan’s tax service last October revealed no violations.
Last autumn the holding’s Uzbek subsidiary Unitel was reported to have run into difficulty with permits for commissioning of base stations and obtaining numbering capacity needed to connect subscribers. Vimpelcom bought Unitel in 2006 for $260 million from the operator Bakri Uzbekistan Telecom.
47.9% of Vimpelcom is controlled by Altimo, Alfa-Group’s telecommunications holding, 43% - by the Norwegian Telenor, 9.2% - by minority shareholders. The holding is one of the world’s major integrated communications operators. The holding’s Russian subsidiary is one of the so called Big Three mobile operators in Russia. Vimpelcom’s companies are operating with brands Beeline, Kyivstar, Djuice, Wind, Infostrada, Mobilink, Leo, Banglalink, Telecel and Djezzy. Last year Vimpelcom Ltd reported a revenue of $22.5 billion and a net loss of $1.4 billion.