je.st
news
Tag: vimpelcom
Telenor to Sell $2.4 Billion Stake in Carrier VimpelCom
2015-10-05 09:08:01| Telecom - Topix.net
VimpelCom Ltd., exiting the third-biggest Russian wireless carrier after 16 years to focus on markets such as the Nordic region. said Monday it will explore all options for the 33 percent stake in the mobile-phone company co-owned by Russian billionaire Mikhail Fridman.
Tags: sell
carrier
billion
stake
Telenor to offload Vimpelcom stake
2015-10-05 02:00:00| Total Telecom industry news
Norwegian operator to sell shares worth 2 billion to focus on its core operations.
Tags: stake
telenor
offload
vimpelcom
Vimpelcom cutting staff
2015-09-17 02:00:00| Total Telecom industry news
Russian operator eliminating thousands of positions, primarily at management level.
Tags: staff
cutting
vimpelcom
cutting staff
Vimpelcom to focus on cash flow as revenue fall continues
2015-08-06 10:07:00| Telecompaper Headlines
(Telecompaper) Vimpelcom reported a sharp fall in second-quarter results due to negative currency effects, while announcing a new plan to focus on cash flow going forward. The company said it was still on track to meet its 2015 targets, after a 2 percent organic fall in Q2 revenues and 3 percent organic drop in EBITDA for the period. On a reported basis, revenues were down 26 percent year-on-year to USD 3.76 billion, hurt by the stronger dollar, and EBITDA fell 17 percent to USD 1.51 billion. The EBITDA margin dropped to 40.2 percent from 41.0 a year ago. Net profit was still up 8 percent to USD 108 million. Vimpelcom reduced capital expenditure 34 percent to USD 674 million in the quarter, while operating cash flow was still down 21 percent to USD 836 million. Over the full year, the company narrowed its capex range to 18-20 percent of revenue, rather than the earlier target of 20 percent, as part of its new focus on cash flow. The outlook was otherwise maintained, at flat to slightly lower revenues on an organic basis and flat to 1 point lower EBITDA margin. The net debt ratio was also improved to a target of 3.1x EBITDA from earlier guidance of 3.2, compared to a result of 2.6 at the end of June. The new CEO Jean-Yves Charlier presented a new six-point strategy for the group going forward, with more details to be unveiled at an analyst meeting in October. The main target is to generate an additional USD 750 million in annual free cash flow within the next three years.
Vimpelcom, Hutchison close to striking Italian mobile deal - sources
2015-08-05 10:28:59| Telecom - Topix.net
Russia's Vimpelcom and Hong Kong's Hutchison Whampoa are close to a deal to merge their Italian mobile phone businesses, sources close to the deal said. A deal would help end a long and costly price war among local mobile operators in Europe's fourth-largest telecoms market.
Tags: close
mobile
deal
sources
Sites : [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] next »