vimpelcom

Vimpelcom posts rise in profit for 2012

International operator group Vimpelcom, which is headquartered in Amsterdam, has posted stable earnings results for 2012. In the final quarter of the year, the group’s revenue rose three per cent year on year to reach $6bn, while net income stood at $801m. The firm posted a net loss of $381m in the same quarter of 2011.

VimpelCom and Megafon take equal share in Russian retailer

International operator VimpelCom and Russian operator Megafon have taken joint ownership of Russian handset retailer Euroset. Through its fully-owned Russian subsuduary, Vimpelcom has increased its stake in the retailer by 0.1 per cent to now own 50 per cent of the firm. The other 50 per cent has been acquired for $1.07bn by Lefbord Investments Limited, a company owned by MegaFon and Garsdale Services Investment.

Russia ends VimpelCom legal action

The Russian government has decided to withdraw legal claims against Norwegian operator group Telenor, signaling an end to the long-running dispute over the ownership of affiliate firm VimpelCom. The move allows the international operator, headquartered in Amsterdam but of Russian extraction, to distribute dividends to investors including Russian conglomerate Altimo.

VimpelCom Q3 profit up 185 per cent

International operator Vimpelcom Ltd, the flagship operation of which is Russia’s third largest mobile operator, has reported a year on year increase of 185% for its Q3 profit. Despite group revenues for the quarter dropping 6 per cent year on year to $5.75bn, Vimpelcom’s profits leapt to $538m.

VimpelCom and Telenor embroiled in share dispute

The long running saga over the ownership of operator group VimpelCom has taken another twist after Telenor attempted to take its stake in the company to 42.95 per cent, but has been told by VimpelCom that the share transaction would not be accepted.

Seven operators join forces on M2M

Seven mobile operators across the world have teamed up to create an alliance to collaborate in the M2M space. KPN, NTT Docomo, Rogers, SingTel, Telefónica, Telstra and Vimpelcom have agreed to cooperate to address the complex and fragmented nature of the M2M market.

Vimpelcom to exit Vietnam

International operator VimpelCom is to exit the Vietnamese mobile market, selling its 49 per cent share of fifth placed mobile operator Gtel Mobile for $45m. VimpelCom, which is headquartered in The Netherlands, said the stake would be bought by GTEL Transmit and Infrastructure, “a related party” of Vimpelcom’s local partner, Gtel.

Telenor in legal disputes in India and Pakistan, buys VimpelCom shares

Nordic operator group Telenor has been busy handling legal disputes this week, demanding compensation from Indian partner Unitech following the cancellation of its 2G spectrum licences and filing separate lawsuits against Nokia Siemens Networks and Huawei in Pakistan. The firm also announced that it is withdrawing all its longstanding legal wranglings against Altimo Holdings & Investments.

VimpelCom to sell Djezzy stake

Russian carrier VimpelCom said Monday it has agreed to sell a majority stake in its lucrative Algerian unit, Djezzy, to the Algerian state for an undisclosed sum.

VimpelCom gets new CEO as Izosimov leaves again

The chief executive of second placed Russian carrier VimpelCom, Alexander Izosimov, is to step down at the end of June. Izosimov will be leaving on a high, having engineered the somewhat controversial merger with Orascom Telecom parent Weather, which created the world’s fifth largest mobile carrier.

Euroset to float on LSE

Russian mobile phone retailer, Euroset, which claims to sell three out of every ten phones in Russia, is to launch on the London Stock Exchange. The fundraising target is said to be in excess of £620m, putting a value of between £1.8bn and £3.1bn on the company, which operates over 4300 shops in Russia.

VimpelCom-Wind merger gets shareholder green light

Shareholders in Russian operator VimpelCom have voted in favour of a $6bn merger with Wind Telecom SpA. Despite strong opposition from major shareholder Telenor, more than 53 per cent of voters supported a deal that will see the creation of the world’s 5th-largest mobile company by subscriber base.

Telenor in disagreement over VimpelCom-Wind deal

Telenor and VimpelCom are still slugging it out over the Russian player’s proposed acquisition of Wind Telecom, part of Egyptian billionaire Naguib Sawiris’ Weather Investments vehicle and owner of Orascom.

Telenor moves to block VimpelCom’s merger with Weather

Norway-based Telenor has written to Russian carrier VimpelCom, in which it holds a 39.6 per cent stake, voicing its opposition to VimpelCom’s proposed merger with Weather Investments, which owns Orascom. In the statement, Telenor spokesman Dag Melgaard said: “We strongly support VimpelCom’s expansion in accordance with the principles agreed at the time the company was created.” But, he added: “In our capacity as a shareholder of Vimpelcom Ltd, we do not believe this transaction makes strategic of financial sense for VimpelCom’s shareholders.”

VimpelCom-Kyivstar merger greenlighted in Ukraine

Russian carrier VimpelCom has announced that the Ukrainian Anti-Monopoly Committee has confirmed its approval of the transaction to combine VimpelCom and Ukraine’s leading operator Kyivstar. This permits VimpelCom to integrate its operations in Ukraine, combining its 100 per cent owned local subsidiary, Ukrainian RadioSystems with Kyivstar. According to Informa data, Kyivstar currently claims 43.4 per cent of the Ukrainian market.

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