VimpelCom Announces Inclusion in NASDAQ-100 Index®Amsterdam (22 October, 2013), “VimpelCom Ltd.” (“VimpelCom”, “Company” or “Group”) (NASDAQ:VIP), a leading global provider of telecommunications services, announces that the Company will be added to the NASDAQ-100 Index® effective October 29, 2013.
“NASDAQ-100 Index inclusion is an important milestone for VimpelCom and one of the reasons we viewed a listing on NASDAQ to be very attractive for the Company,” said Jo Lunder, Chief Executive Officer of VimpelCom. “Our listing on NASDAQ was a positive development for our shareholders, which has now been underscored by the Company’s inclusion in the NASDAQ-100. Both of these events demonstrate the progress the Company continues to make in executing against the initiatives of its Value Agenda.”
Launched in January 1985, the NASDAQ-100 Index® consists of 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market® based on market capitalization. As a result of the NASDAQ-100 inclusion, VimpelCom’s common shares will also be included in the PowerShares® QQQ ETF.
Read more: http://www.nasdaq.com/markets/indices/nasdaq-100.aspx
NASDAQ®, NASDAQ-100 Index® and The NASDAQ Stock Market® are registered trademarks of The NASDAQ Stock Market, Inc.
PowerShares QQQ™, formerly known as "QQQ" or the "NASDAQ- 100 Index Tracking Stock®", is an exchange-traded fund based on the NASDAQ-100 Index®. The Fund will, under most circumstances, consist of all of stocks in the Index
Altimo, a leading private equity group, operating on some of the world’s most desirable and potentially lucrative mobile telecommunications markets, was created in 2005 from Alfa Telecom, which itself was established in 2004 to hold the telecoms investments of the Alfa Group Consortium (VimpelCom Ltd. and Turkcell Iletisim Hizmetleri A.S.). Those assets are in Russia, the CIS and other promising emerging markets.
VimpelCom Ltd. provides voice and data services through a range of wireless, fixed and broadband technologies. VimpelCom Ltd. is headquartered in Amsterdam and has operations in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Georgia, Armenia, Kyrgyzstan, Laos, Algeria, Bangladesh, Canada, Italy, Pakistan, Burundi, Zimbabwe and Central African Republic covering territory with a total population of about 753 million with 214 mln subscribers. VimpelCom Ltd. operating companies provide services under the “Beeline”, “Kyivstar”, “Djuice”, “Wind”, “Infostrada”, “Mobilink”, “Leo”, “Banglalink”, “Telecel” and “Djezzy” brands. VimpelCom Ltd. is traded on NASDAQ under the symbol “VIP”. As of 18 April 2013, Altimo owned 47.85% of the voting shares of VimpelCom Ltd., economic interest is 56.2%.