Fool.com (Free subscription) | 26/11/2008
Normally, a cutback in expansion and a dire outlook on the future would send a stock reeling. But management's change in operating plans at the Russian carrier helped sooth some nerves as VimpelCom's stock stayed stable following the release -- if you can call anything stable these days. Also, VimpelCom's stock has already plunged nearly 60% in the past three months as the company has...
Wireless Federation (Free subscription) | 26/11/2008
Russia’s second largest mobile operator Vimpelcom psts its Q3′08 revenues of $2.84 billion, up 45.3% since last year, driven by a strong subscriber base. OIBDA grew by 36.7% to $1.38 billion, giving a margin of 48.8%. Net income rose by 41.3% to $269 million. Capex doubled since 2007 to $692.9 million from $339 million. Vimpelcom’s [...]
Wireless Federation (Free subscription) | 25/11/2008
Russia’s second largest mobile operator Vimpelcom begins to subsidize the mobile handsets for its contract subscribers in Moscow. According to a release by Vimpelcom, the subscribers in Moscow can sign up to Vimpelcom for a year and can recieve a 33% discount on the phone they purchase. Wireless Mobile Telecom Wireless News
Telecompaper (Free subscription) | 25/11/2008
(Telecompaper) Russian and CIS mobile carrier VimpelCom reported third-quarter revenues of USD 2.84 billion, up 45.3 percent from a year earlier thanks to strong subscriber growth. OIBDA improved 36.7 percent to USD 1.38 billion, giving a margin of 48.8 percent. Net income was up 41.3 percent to USD 269 million. Capex doubled from a year ago to USD 692.9 million from USD 339 million. Vimpelcom...
Law Blog - WSJ.com (Free subscription) | 26/11/2008
Net profit at the New York-listed company dropped to $41.3 million from $458.1 million a year earlier. The steep fall reflects the ruble's depreciation against the dollar, which pushed up the cost of the company's $1.8 billion debt, more than three quarters of which is denominated in dollars. VimpelCom booked a $341 million charge on foreign-exchange ...
Market Watch (Free subscription) | 25/11/2008
... Operating income improved to $889.6 million from $674 million, as foreign-exchange losses ate into VimpelCom's bottom line. The company also said its mobile-services subscriber base increased climbed to 57.8 million, up 14% from 50.7 million at the end of September 2007. "Our operations have not yet been affected by the financial turmoil," VimpelCom said, adding that it's frozen new...
Reuters UK (Free subscription) | 25/11/2008
* Earnings hurt by forex loss, but beat forecast* Cuts '09 capex by "tens of percent", freezes hiring, M&As* Makes debt repayment top priority for 2009(Recasts, adds comments on capex, dividends, share price)By Anastasia Teterevleva and Maria KiselyovaMOSCOW, Nov 25 (Reuters) - Vimpelcom (VIP.N: , , ), Russia's No.2 mobile carrier, on Tuesday unveiled sharply lower but forecast-beating third-quarter...
PR News Wire (Free subscription) | 25/11/2008
3Q08 Financial and Operating Highlights -- Net operating revenues reached $2,843 million, an increase of 45.3% versus 3Q07. -- OIBDA reached $1,388 million, an increase of 36.7% versus 3Q07. -- OIBDA margin improved quarter-on-quarter to 48.8%, including 50.0% in Russia and 53.4% in Kazakhstan. -- Net income totaled $269 million, a reduction of 41.3% versus 3Q07, reflecting strong adverse...
PR News Wire (Free subscription) | 20/11/2008
"A talented manager, just like any successful company, is always looking for further development. I am sure that Nikolay's new job will give him the perfect opportunity for further professional growth. The 10 years that Nikolay spent with VimpelCom were years of dynamic growth both for the Company and its management. VimpelCom's success, especially in the Russian regions, is attributable...
EuroInvestor.co.uk (Free subscription) | 19/11/2008
MOSCOW and NEW YORK, Nov. 19 /PRNewswire-FirstCall/ -- Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") Read more
PR News Wire (Free subscription) | 19/11/2008
The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of wireless, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia. The VimpelCom Group has licenses to operate in territories with a total population of about 340 million. The Group...
Telecompaper (Free subscription) | 31/10/2008
(Telecompaper) Russian telecom group Altimo has made full repayment of its loans from Deutsche Bank, previously contracted using VimpelCom shares as collateral. The USD 2 billion loan was taken in 2007, and secured against Altimo's 44 percent stake in VimpelCom. The funds were invested by Altimo in Russia and CIS. Altimo has repaid the loans via a credit facility of USD 2 billion taken...
Business Wire (Free subscription) | 29/10/2008
WALTHAM, Mass. & MOSCOW--(BUSINESS WIRE)--NetCracker was selected by Open Joint Stock Company VimpelCom Group (NYSE:VIP) as its strategic OSS supplier. The cooperation between NetCracker and
Russia News Net (Free subscription) | 28/10/2008
MOSCOW, October 28 (RIA Novosti) - Altimo, which holds 44% of voting stock in Russia's second largest mobile operator, VimpelCom, has filed a petition with an Omsk arbitration court asking it to u...
Market Wire - Telecom: Cable and Satellite Services (Free subscription) | 28/10/2008
OSLO, NORWAY (MARKET WIRE) (Fornebu, Norway, 28 October 2008) Telenor on Monday learned, through a press release said to be issued by Farimex Products, of a decision in a Siberian appeals court in Omsk purporting to arrest Telenor and Altimo's shares in VimpelCom. "If this is true, it is an outrageous decision, which we intend to overturn using all available means," said Jan Edvard Thygesen,...
