Doubts have begun to emerge about the $4.3 billion (€2.94 billion) takeover of the Russian fixed-line company Golden Telecom by VimpelCom, one of the country’s leading mobile operators. Alexander Izosimov, the head of VimpelCom, has been quoted in the local press whilst attending the World Economic Forum in Davos as saying that it is still not a done deal. A total of eight banks, including ABN Amro, Barclays, BNP Paribas and Citigroup, are arranging a syndicated loan for the acquisition, and it is feared that this may be affected by current turmoil on the global markets.