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Tag: vimpelcom
VimpelCom takes new CEO from SFR as Lunder resigns
2015-03-13 11:08:00| Telecompaper Headlines
(Telecompaper) VimpelCom has announced the resignation of group CEO Jo Lunder from 13 April. Lunder is leaving the company for new opportunities, but will continue to serve as advisor during the transition period through to 13 July. A former Telenor executive, Lunder has been on the Vimpelcom board since 2002, became chairman at the end of 2009 and was named CEO in 2011. He will be succeeded by Jean-Yves Charlier, who most recently led French operator SFR. Before that, Charlier was CEO for Promethean and Cold. He started his career with Wang in France and has held senior executive positions with Equant and BT Global Services.
Former SFR boss becomes Vimpelcom CEO as Lunder quits
2015-03-13 01:00:00| Total Telecom industry news
Jean-Yves Charlier takes over as Russian telco's new leader.
Vimpelcom revenues fall 21% in Q4 on stronger dollar
2015-02-25 08:49:00| Telecompaper Headlines
(Telecompaper) Mobile operator Vimpelcom reported fourth-quarter revenues down 21 percent year-on-year to USD 4.39 billion, hurt by the weaker ruble in its home market Russia and other negative forex effects. EBITDA was still up 58 percent USD 1.60 billion, due to a one-time charge in the year-earlier quarter for a fine in Algeria. The company's net loss narrowed to USD 935 million from USD 3.86 billion, after fewer impairment charges. Vimpelcom wrote down the value of operations in Ukraine, Laos and Pakistan for USD 1.1 billion, mainly due to weak macroeconomic conditions. Excluding exchange rate effects, Vimpelcom reported revenues down 3 percent, service revenue down 2 percent, and EBITDA falling 8 percent. Over the full year, the company met its outlook for a single-digit decline in sales and EBITDA. Operating cash flow was down 5 percent to USD 4.063 billion in the 12 months, and capex reduced 2 percent to USD 3.91 billion. Net debt was still slightly higher than targeted, at 2.5 times EBITDA. Vimpelcom said it expects the economic conditions to remain difficult in 2015. The operator forecast a further fall in revenue, with a low single-digit organic drop in service revenues. The EBITDA margin is expected stable to down around 1 percent point from 40.6 percent in 2014. Capex is forecast at around 20 percent of revenues again, and Vimpelcom raised is leverage target to 3.2 times EBITDA, or 1.7 excluding its Italian operations, due to the currency fluctuations.
Tags: fall
dollar
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VimpelCom completes Djezzy sale for $2.6bn
2015-02-02 01:00:00| Total Telecom industry news
The move brings to an end a long-running dispute over the ownership of the Algerian mobile operator.
Tags: sale
completes
completes sale
vimpelcom
VimpelCom makes management changes
2015-01-19 08:44:00| Telecompaper Headlines
(Telecompaper) VimpelCom has announced the departure of COO Rene Schuster, who is leaving the company to pursue other business interests. His responsibilities will be assumed temporarily by CEO Jo Lunder. Anja Uitdehaag, the group chief human resources officer, is also leaving the company. Uitdehaag will be succeeded by Jeremy Roffe-Vidal, who will take up duties from 1 February. Roffe-Vidal was previously group human resources director and corporate VP of Cap Gemini. Meanwhile, Andrey Patoka has been promoted to head of the CIS Business Unit. Pakota joined the group in 2008 and is currently executive VP and chief infrastructure officer of OJSC VimpelCom. Mikhail Gerchuk, acting head of the CIS, will continue in his role as group chief commercial and strategy officer. Roffe-Vidal and Pakota have also been appointed members of the group's management board.
Tags: management
makes
management makes
vimpelcom
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