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Vimpelcom Company

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December 9, 2004 | From Bloomberg News
VimpelCom, Russia's second-largest mobile phone company by subscribers, said Wednesday that it might owe 4.4 billion rubles ($157 million) in back taxes, penalties and fines from 2001. The stock had its biggest drop in six years. Shares of VimpelCom plunged $8.38 to $30.10 on the New York Stock Exchange. The tax claim amounts to 2.5 billion rubles ($89.3 million), and penalties and fines make up the rest, the company said in a statement.
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BUSINESS
December 9, 2004 | From Bloomberg News
VimpelCom, Russia's second-largest mobile phone company by subscribers, said Wednesday that it might owe 4.4 billion rubles ($157 million) in back taxes, penalties and fines from 2001. The stock had its biggest drop in six years. Shares of VimpelCom plunged $8.38 to $30.10 on the New York Stock Exchange. The tax claim amounts to 2.5 billion rubles ($89.3 million), and penalties and fines make up the rest, the company said in a statement.
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