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MTS, Vimpelcom make offer for Tele2 Russia

2013-03-28 21:06:00| Telecompaper Headlines

(Telecompaper) Russian mobile operators MTS and VimpelCom announced that they have submitted a joint letter to Tele2 chairman Mike Parton and CEO Mats Granryd, expressing their interest in the acquisition of Tele2 Russia. In the letter, MTS and Vimpelcom indicate they would be prepared jointly to acquire 100 percent of Tele2 Russia for USD 4.0-4.25 billion, including USD 1.15 billion of net debt. This represents a premium of up to 30 percent for Tele2, and its shareholders relative to the equity value of the recently announced offer from VTB Capital.

Tags: make offer russia mts

Vimpelcom seeks buyer for Wind Mobile - report

2013-03-25 09:45:00| Telecompaper Headlines

(Telecompaper) VimpelCom is looking for a buyer for its Canadian subsidiary Wind Mobile, the Globe and Mail reports, citing Canaccord Genuity analyst Dvai Ghose and unnamed sources. Ghose wrote that initial bids valuing Wind at CAD 500 million to CAD 1 billion were due to begin on 22 March. Wind CEO Anthony Lacavera's holding company, AAL, is reportedly mulling a joint bid with Accelero Capital, the investment company of Egyptian telecom magnate Naguib Sawiris. VimpelCom, which would not comment on the matter, requires regulatory approval of a deal announced in January to gain control of the Wind from Lacavera before it can complete the sale. Lacavera has said he intended to step down as Wind CEO once the deal is approved. VimpelCom has reportedly hired UBS to work on the sale. Rival new entrant Mobilicity is also said to be considering a bid.

Tags: report mobile wind buyer

Vimpelcom revenues up 1% in Q4, EBITDA improves 10%

2013-03-06 09:19:00| Telecompaper Headlines

(Telecompaper) Vimpelcom reported a slowdown in revenue growth in the fourth quarter, with sales up just 1 percent year-on-year to USD 5.95 billion. Sales in its home market Russia were up 4 percent to USD 2.37 billion, but its Europe and North America division, which includes Italian operator Wind, posted sales down 8 percent to USD 1.78 billion. Excluding currency effects, revenues were up 3 percent. Group EBITDA was still up 10 percent to USD 2.45 billion, helped by lower provisions, and the net result improved to a profit of USD 801 million versus a loss of USD 381 million in Q4 2011. Capex was down 56 percent from a year earlier to USD 1.63 billion, and operating cash flow rose 24 percent to USD 2.30 billion. Vimpelcom said its board will decide on a new dividend policy in Q2, when it also expects to announce the final dividend for 2012 and a possible extraordinary dividend from the proceeds of a conversion. The company reiterated its targets for 2013-2105 for revenue and EBITDA CAGR of around mid-single digit, net debt of less than 2 times EBITDA in 2015 and capex excluding licences below 15 percent of revenues by the end of the period.

Tags: revenues improves ebitda vimpelcom