|By PR Newswire||
|October 22, 2013 12:15 PM EDT||
AMSTERDAM, Oct. 22, 2013 /PRNewswire/ -- "VimpelCom Ltd." ("VimpelCom", "Company" or "Group") (NASDAQ:VIP), a leading global provider of telecommunications services, announces that the Company will be added to the NASDAQ-100 Index® effective October 29, 2013.
"NASDAQ-100 Index inclusion is an important milestone for VimpelCom and one of the reasons we viewed a listing on NASDAQ to be very attractive for the Company," said Jo Lunder, Chief Executive Officer of VimpelCom. "Our listing on NASDAQ was a positive development for our shareholders, which has now been underscored by the Company's inclusion in the NASDAQ-100. Both of these events demonstrate the progress the Company continues to make in executing against the initiatives of its Value Agenda."
Launched in January 1985, the NASDAQ-100 Index® consists of 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market® based on market capitalization. As a result of the NASDAQ-100 inclusion, VimpelCom's common shares will also be included in the PowerShares® QQQ ETF.
NASDAQ®, NASDAQ-100 Index® and The NASDAQ Stock Market® are registered trademarks of The NASDAQ Stock Market, Inc.
PowerShares QQQ™, formerly known as "QQQ" or the "NASDAQ- 100 Index Tracking Stock®", is an exchange-traded fund based on the NASDAQ-100 Index®. The Fund will, under most circumstances, consist of all of stocks in the Index.
VimpelCom is one of the world's largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada. VimpelCom's operations around the globe cover territory with a total population of approximately 753 million people. VimpelCom provides services under the "Beeline", "Kyivstar", "djuice", "WIND", "Infostrada" "Mobilink", "Leo", "banglalink", "Telecel", and "Djezzy" brands. As of June 30, 2013 VimpelCom had 215 million mobile subscribers on a combined basis. VimpelCom is traded on the NASDAQ Global Select Market under the symbol (VIP). For more information visit: http://www.vimpelcom.com.
SOURCE VimpelCom Ltd.