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OVERVIEWThis summary contains basic information about us, our industry and the offer. You should read the entireprospectus carefully, including the risk factors, our consolidated financial statements and their related notesincluded elsewhere in this prospectus.Our CompanyWe are a telecommunications operator, providing voice and data services through a range of mobile, fixedand broadband technologies. The VimpelCom group of companies includes companies operating in Russia,Kazakhstan, Ukraine, Uzbekistan, Armenia, Tajikistan, Georgia, Kyrgyzstan and in the Kingdom of Cambodia. Wealso own 40.0% of an operator in the Socialist Republic of Vietnam. The operations of these companies cover aterritory with a total population of approximately 345.0 million. On August 6, 2010, as a result of the VimpelComLtd. Transaction, we became a wholly owned subsidiary of VimpelCom Ltd.Our net operating revenues were US$7,095.8 million for the nine months ended September 30, 2010,compared to US$6,394.3 million for the nine months ended September 30, 2009. Our operating income wasUS$2,085.9 million for the nine months ended September 30, 2010, compared to US$1,970.5 million for the ninemonths ended September 30, 2009. Net income attributable to VimpelCom was US$1,168.8 million for the ninemonths ended September 30, 2010, compared to US$838.4 million for the nine months ended September 30, 2009.In October 2009, Telenor ASA, the parent company of Telenor, and Altimo, a member of Alfa Group and theparent company of Eco Telecom, announced that they agreed to combine their ownership of our company andKyivstar, under a new company called VimpelCom Ltd. Kyivstar is a Ukrainian mobile operator, 56.5% of whichwas owned by a subsidiary of Telenor ASA and 43.5% of which was owned by a subsidiary of Altimo. Thecombination involved a series of transactions, including exchange offers by VimpelCom Ltd. to all holders of ourcommon shares and ADSs. On April 21, 2010, the transactions were completed and VimpelCom Ltd. acquiredapproximately 98.0% of our outstanding shares. On May 14, 2010, our ADSs were delisted from the NYSE, and onJune 2, 2010, our shares were excluded from the list of traded securities at the Russian Trading System.All of our shares and ADSs not tendered to VimpelCom Ltd. in the VimpelCom Ltd. Exchange Offers weresubject to a mandatory squeeze-out procedure under Russian law. On May 25, 2010, VimpelCom Ltd. commencedthe mandatory squeeze-out procedure to acquire all of our remaining shares, including those represented by ADSs,for a cash payment of RUB 11,800 per share (which was equal to approximately US$382.18 per share at theexchange rate as of May 25, 2010). The squeeze-out price was determined as the market value of our shares as ofFebruary 28, 2010, by an independent Russian appraiser in accordance with Russian law. The appraisal wassupplemented with a value analysis by ZAO Deloitte and Touche CIS. On August 6, 2010, VimpelCom Ltd.completed the acquisition of all of our shares, including those represented by ADSs, from our remaining minorityshareholders by way of the mandatory squeeze-out, making us a wholly owned subsidiary of VimpelCom Ltd.Competitive StrengthsWe believe that we are well positioned to capitalize on opportunities in the Russian and CIS mobile,fixed-line and broadband telecommunications markets. We seek to differentiate ourselves from our competitors byproviding innovative products, high-quality mobile, fixed-line and broadband telecommunications serviceofferings, specialized customer care and strong, recognized brand names.• Recognized brand name. We market our mobile services under our “Beeline” brand name in tencountries (Russia, Kazakhstan, Ukraine, Uzbekistan, Armenia, Tajikistan, Georgia, Kyrgyzstan,Cambodia and Vietnam). We established our “Beeline” brand in Russia in 1993 and launched the“Beeline” brand name in Kazakhstan in 2005, in Ukraine, Uzbekistan and Tajikistan in 2006, inGeorgia in 2007, in Armenia in 2008 and in Cambodia and Vietnam in 2009. Since June 2009,Sky Mobile has been operating in Kyrgyzstan under our Beeline brand. Primarily as a result of ourinnovative marketing and brand licensing efforts, our “Beeline” brand name is among the mostrecognized brand names in Russia. For the past five years, the Beeline brand has led the “top of mindawareness” among all Russian mobile operators’ brands, according to Brand Health Tracking. Inaddition, since 2005, our Beeline brand has been named the most valuable brand in Russia byInterbrand Group. The Beeline brand has also been ranked in the Brandz Top 100 Brand Ranking byMillward Brown. In 2009, the Beeline brand was ranked 39th in the top 50 most valuable European5