- VimpelCom (VIP) is up 2.4% premarket on news that it's close to a near-record $775M payment to settle U.S. charges related to corruption in Uzbekistan dealings.
- A deal with the Justice Dept. and SEC could be announced in January, Bloomberg reports. Related to the Foreign Corrupt Practices Act, the payment would be second only to an $800M penalty paid by Siemens in 2008.
- The company had set aside $900M for potential liabilities. The U.S. began probing VimpelCom's dealings in Uzbekistan amid allegations that bribes were paid to companies connected to the Uzbek president's daughter in order to secure wireless spectrum rights.
- Previously: VimpelCom -7.3% as one-time items drive billion-dollar loss (Nov. 06 2015)
- Previously: VimpelCom making $900M provision amid Uzbekistan probes (Nov. 03 2015)
- Previously: U.S. telecom probe seeking to seize $1B in European assets (Aug. 13 2015)