Beeline books $500m charge after overestimating market
VimpelCom, the Netherlands-based parent company of Cambodian mobile operator Beeline, booked an impairment charge of US$527 million on its operations in Cambodia and Vietnam, according to a 2011 company report. The impairment, or revaluation of VimpelCom’s assets in the two Southeast Asian countries, highlighted the company’s over-valuation of the markets, which it entered in mid-2009. …
