VimpelCom Cheapens to MegaFon on 4G Lag Russia Overnight

General Sources
Sunday 10th March, 2013

VimpelCom Ltd. (VIP) , Russia’s third- largest mobile provider, is trading at the cheapest-ever level versus rival OAO MegaFon on concern expansion abroad is hobbling the company’s ability to compete in its biggest market. American depositary receipts of VimpelCom, based in Amsterdam, dropped 1.4 percent March 8 in New York to trade at 9.4 times estimated profit, 19 percent below the valuation for MegaFon, the widest discount since the Moscow-based company’s initial public offering in November. The

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