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Report: VimpelCom to sell Russian tower assets

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Report: VimpelCom to sell Russian tower assets

VimpelComLtd. is planning to sell up to 12,000 of its towers in to telecom infrastructure firm Russian Towers, Telecompaperreported Sept. 26, citing sources mentioned by Vedomosti.

VimpelCom scheduled a company meeting for the end ofSeptember to discuss the deal. The telco's council is reportedly expected toapprove the proposed transaction.

Earlier reports said Russian Towers and two other entitieshave been bidding forVimpelCom's Russian tower assets.