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Tag: vimpelcom
MegaFon and VimpelCom to end Euroset retail joint venture
2017-07-12 02:00:00| Total Telecom industry news
Euroset is Russia’s largest mobile and electronics retailer and had been co-owned by VimpelCom, the Russian subsidiary of Veon which trades under the Beeline brand in Russia, and MegaFon. As a result of the deal…read more on TotalTele.com »
Tags: end
retail
joint
venture
Vimpelcom sees small increase in organic sales, EBITDA in Q3
2016-11-03 08:11:00| Telecompaper Headlines
(Telecompaper) Vimpelcom reported a small increase in organic sales and EBITDA in the third quarter, led by a strong performance in Ukraine and Pakistan. Excluding currency effects, disposals and acquisitions, revenues rose 0.8 percent and EBITDa was up 0.6 percent. On a reported basis, revenue fell 3 percent to USD 2.372 billion, hurt by forex effects and lower sales in Algeria and Russia. Service revenue was also down 3 percent year-on-year, as the drop in voice revenue offset 28 percent growth in mobile data revenue. Total mobile customers increased by 10.1 million to 205.5 million at the end of Q3, mainly driven by the consolidation of Warid's customers in Pakistan from July. Group EBITDA, excluding one-time items, fell 5 percent to USD 962 million, and the margin dropped to 40.6 percent from 41.7 percent a year ago. The net result was a profit of USD 445 million, compared to a loss of USD 1.005 billion a year ago when Vimpelcom took a number of restructuring and legal settlement charges.
Tags: small
sales
increase
organic
Vimpelcom says telcos must think like OTTs when rolling out services
2016-10-04 02:00:00| Total Telecom industry news
Operator questions telcos' logic of constraining services behind geographical boundaries.
Tags: out
when
services
rolling
Cisco Jasper bags global IoT deal with VimpelCom
2016-09-30 02:00:00| Total Telecom industry news
Vendor's connectivity management platform to serve all of telco's operating businesses.
Telenor starts selling Vimpelcom shares
2016-09-12 12:55:00| Telecompaper Headlines
(Telecompaper) Telenor said that it has commenced a public offering in the US of 142.5 million of its Vimpelcom American Depository Shares (ADS), at a price yet undetermined. Telenor currently owns approximately 580 million ADS, or 33 percent of Vimpelcom's total outstanding common shares. This transaction represents 24.5 percent of Telenor's holding, or 8.1 percent of VimpelCom's outstanding shares. At Vimpelcom;s last closing share price of USD 4.19 per share, the sale will raise Telenor nearly USD 600 million before transaction fees.
Tags: selling
starts
shares
telenor