The Russian mobile operator Vimpelcom (VIP) has purchased Ukrainian Radio Systems (URS) for USD 230 mln. No official information from VIP is available. Concorde Capital: URS will be used as a launching pad for Vimpelcom?s future expansion in Ukraine (as it has GSM licenses and networks in major Ukrainian cities). As a company alone, URS is of little interest to VIP as it has only about 0.1 mln mobile subscribers. URS posted USD 4 mln in sales and USD 24 mln net losses in 2004.