Last $5.25 USD
Change Today -0.52 / -9.01%
Volume 2.7M
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As of 1:00 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

vimpelcom ltd-spon adr (VIP) Key Developments

Vimpelcom Launches Digital TV Services in the City of Vologda

Vimpelcom has launched digital TV services in the city of Vologda. The monthly subscription rate of one thematic TV package totals RUB 290.

Vimpelcom Launches LTE Network in Orenburg

Vimpelcom has launched its LTE network in the Orenburg region. LTE services are accessible in the cities Orenburg and Orsk, as well as in surrounding villages there. Up to 70 Mbps is accessible to subscribers, and the average speed varies from 10 Mbps to 20 Mbps.

VimpelCom Announces Dividend for American Depositary Shares, Payable on December 8, 2014

VimpelCom Ltd. announced that its Supervisory Board has authorized the payment of a dividend of 3.5 cents per American Depositary Share. The record date for the Company's shareholders entitled to receive the dividends has been set for November 24, 2014. The ex-dividend date has been set for November 20, 2014. It is expected that the dividend will be paid by December 8, 2014.

VimpelCom Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Records Impairment Loss for the Quarter Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

VimpelCom Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total operating revenues of $5,145 million compared with $5,685 million for the same period last year. Operating profit was $1,143 million compared with $1,233 million for the same period last year. Profit before tax was $110 million compared with $665 million for the same period last year. Net income attributable to VimpelCom shareholders were $104 million or $0.06 per basic share compared with $255 million or $0.15 per basic share for the same period last year. Net cash from operating activities was $1,242 million compared with $1,675 million for the same period last year. EBITDA was $2,205 million compared with $2,474 million for the same period last year. EBIT was $1,143 million compared with $1,233 million for the same period last year. Net debt was $22,485 million compared with $23,242 million for the same period last year. Capital expenditures were $946 million against $930 million a year ago. For the nine months, the company reported total operating revenues of $15,237 million compared with $16,994 million for the same period last year. Operating profit was $3,007 million compared with $3,564 million for the same period last year. Profit before tax was $835 million compared with $1,970 million for the same period last year. Net income attributable to VimpelCom shareholders were $244 million or $0.14 per basic share compared with $1,236 million or $0.73 per basic share for the same period last year. Net cash from operating activities was $3,529 million compared with $4,341 million for the same period last year. EBITDA was $6,370 million compared with $7,247 million for the same period last year. EBIT was $3,007 million compared with $3,564 million for the same period last year. Capital expenditures were $2,707 million against $2,316 million a year ago. An impairment of $22 million was recorded in third quarter of 2014 due to the sale of the company's operations in Burundi and Central African Republic in October 2014. In addition, the company fully impaired its assets in Crimea for $13 million in third quarter 2014. The company confirmed its guidance for the year 2014. Revenue and EBITDA expects a more favorable year-on-year comparison in the fourth quarter than the company has seen in the first 3 quarters of 2014. The company expects that its net debt-to-EBITDA will be at approximately 2.4x at the end of 2014. CapEx to revenue ratio is still expected to be at a relatively elevated level of 21%.

American Tower, Abertis And Others Reportedly Bid For Towers Of Wind Telecomunicazioni

American Tower Corporation (NYSE:AMT) and Abertis Infraestructuras S.A. (CATS:ABE) are among bidders for the mobile-phone towers of Wind Telecomunicazioni SpA, reported Bloomberg citing two people with knowledge of the matter. EI Towers S.p.A (BIT:EIT) also submitted a non-binding offer, as did Fondi Italiani per le Infrastrutture SGR SpA, which is bidding together with Providence Equity Partners LLC, said the people, asking not to be identified because the details are confidential. Wind Telecomunicazioni, controlled by Wind Telecomunicazioni SpA, is selling about 6,000 transmission towers. One of the people said that the asset is valued at as much as €700 million. VimpelCom said in an e-mailed statement, "The process with towers is ongoing but we can’t name the potential buyers due to non-disclosure agreement." Representatives for American Tower, Abertis, EI Towers, F2i and Providence all declined to comment to Bloomberg.

 

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