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Ericsson inks USD 1 bln systems overhaul deal with Vimpelcom

2016-06-13 11:52:00| Telecompaper Headlines

(Telecompaper) Vimpelcom said it has entered into a software partnership with Ericsson in a deal worth more than USD 1 billion set to transform Vimpelcom's global IT infrastructure. The deal includes the complete overhaul of Vimpelcom's IT infrastructure across 11 countries and 12 time zones. Vimpelcom will digitise and globalise its Business Support Systems (BSS) infrastructure using Ericsson's new software and cloud technologies.

Tags: systems deal usd ericsson

Vimpelcom picks Ericsson for $1bn IT transformation project

2016-06-13 02:00:00| Total Telecom industry news

Operator to upgrade back office systems across its entire footprint in bid to improve agility, lower costs.

Tags: project ericsson picks transformation

Vimpelcom, Hutch in Italy asset sale talks with Sky, Iliad

2016-05-23 02:00:00| Total Telecom industry news

Companies reportedly seeking to facilitate new mobile player in bid to win EU support for 3 Italia/Wind deal.

Tags: sale italy sky asset

Vimpelcom underlying sales up 4% in Q1, EBITDA 2% higher

2016-05-12 08:35:00| Telecompaper Headlines

(Telecompaper) Vimpelcom reported a small improvement in underlying results in the first quarter, with revenues up 4 percent and EBITDA growing 2 percent on an organic basis. However, negative currency effects and weak conditions in many of its markets, especially Russia and Kazakhstan, led to a 12 percent drop in reported revenue to USD 2.023 billion. Adjusted EBITDA fell 15 percent to USD 799 million, hurt also by USD 40 million in restructuring charges, and the margin was down 1.4 percent points year-on-year to 39.5 percent. Vimpelcom classified its Italian unit Wind as a discontinued activity held for sale, leading to a net profit from continuing activities of USD 38 million versus a loss of USD 88 million a year ago.

Tags: sales higher underlying ebitda