Support The Moscow Times!

Izosimov Out at VimpelCom

VimpelCom will replace chief executive Alexander Izosimov with Norwegian chairman Jo Lunder, a move seen as an attempt to smooth over relations between warring shareholders Altimo and Telenor.

The mobile phone operator said Monday that Izosimov would step down as of June 30 — six months before the end of his contract. It did not give a reason for the change, but Izosimov was the public driver of VimpelCom's recent $6 billion acquisition of telecoms assets belonging to Egyptian tycoon Naguib Sawiris.

Telenor opposed the move, questioning its financial sense and arguing that VimpelCom would be better served focusing on its core Russia market.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.