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VimpelCom Posts $1 Billion Loss After Uzbek Bribery Provision

2015-11-06 18:37:03| Telecom - Topix.net

VimpelCom Ltd. swung to a quarterly loss after making a $900 million provision to cover potential U.S. and Dutch fines over bribery allegations in Uzbekistan. The carrier made a net loss of $1 billion in the third quarter, compared with a $105-million profit a year earlier, Amsterdam-based VimpelCom said in a statement Friday, citing figures excluding Italian operations.

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