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VimpelCom Mulls Dividend

By The Moscow Times

VimpelCom could pay an additional $250 million in dividends for the 2010 financial year, which would bring the entire payment to $850 million, the company said.

VimpelCom decided in November to pay interim dividends at $0.46 per American Depositary Receipt (one ADR equals a common share), which put the entire dividend payment at $600 million.

According to terms set in the agreement for the acquisition of Wind Telecom from Egyptian billionaire Naguib Sawiris, VimpelCom will pay up to $850 million in dividends for 2010. The current owners of Wind, including Sawiris, will not have the right to receive those funds.

(Interfax)

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