Vimpelcom Heading West
An interview a couple of days ago in the Wall Street Journal saw Vimpelcom’s Chief Executive Officer Alexander Izosimov express confidence about the company’s foreign acquisition plans which have eroded the company’s share of the domestic market, and caused a spat with shareholder Telenor. Reuters picks up the thread here, with a look at an arguably risky strategy:
Izosimov, speaking at the annual Mobile World Congress in Barcelona, was unapologetic about the strategy.
“We will actually create a different platform to ride the wave of data growth starting from the west to the emerging markets,” Izosimov said.