Beeline takes Russia

Last week, I already wrote about the features of Beeline’s crisis tactics. Today came across another interesting news on the topic. VimpelCom, also known as Beeline, will open two lines of credit at Sberbank itself for a total of about 9 billion rubles. This is due to abundant external debts.

It can be said that Beeline’s aggressive policy on asset purchases in 2008 (including Corbin and Golden Wi-Fi) was premature. In a crisis, which is still gaining momentum, all the property acquired by Beeline will cost much less than a year or two ago. In addition, most of the company's debts have foreign roots, which aggravates the situation, because VimpelCom receives the main income in rubles.

According to some estimates, Beeline’s debts amount to $ 8 billion, which is approximately 35 times more than the loan received. Such pies.