OREANDA-NEWS. December 22, 2011. VimpelCom Ltd. (“VimpelCom” or “the Company”) (NYSE:VIP) announced today that the Company has decided not to exercise its call option to acquire an additional 24.95% stake in Euroset Holding N.V. (“Euroset”). 

Euroset owns 100% of LLC Torgoviy Dom Euroset, a leading telecommunications retailer in Russia. VimpelCom owns 49.9% of the Euroset group since October 2008. VimpelCom’s partnership with Euroset has been and will continue to be a substantial part of VimpelCom’s distribution strategy in that market.