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Vimpelcom targets mid single-digit growth to 2015
2013-01-16 14:56:00| Telecompaper Headlines
(Telecompaper) Vimpelcom has outlined new financial goals at an analysts and investors day. The Russia-based operator, with operations spanning from Bangladesh to Italy and Canada, said it will focus on mobile services going forward, with select fixed-line operations focused on operating cash flow generation. Financial targets for the period 2013-2015 include revenue and EBITDA CAGR of around mid-single digit, net debt below 2x EBITDA by the end of 2015, and capital expenditure, excluding licences, of less than 15 percent of revenues by 2015. Vimpelcom said it will outline at the presentation annual cash flow improvements of USD 2 billion from operations and of USD 600-900 million from finance optimization by the end of 2015. The company also confirmed its intention to make dividend payments of at least USD 0.80 per common share per year between 2012 and 2014, assuming no increase in the number of shares outstanding and "barring unforeseen circumstances".
Tags: growth
mid
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singledigit
Category:Telecommunications