vimpelcom ltd-pfd adr (VMPLY) Key Developments
Vimpelcom Introduces Dual Carrier HSPA+ (DC-HSPA+) Technology on its 3G Network in the Yaroslavl Region
Apr 21 14
Vimpelcom has introduced Dual Carrier HSPA+ (DC-HSPA+) technology on its 3G network in the Yaroslavl region. A third of the operator's 3G base stations now support DC-HSPA+ technology in the regions, with speeds of up to 42 Mbps, double what they were befoer the upgrade. The operator has also introduced DC-HSPA+ technology on its 3G network in the Primorye region, in 33 agglomerations, including Vladivostok, Nakhodka and Ussuriysk.
Vimpelcom Raises Capacity of LTE and 3G Network in the City of Astrakhan
Apr 11 14
Vimpelcom announced that it has raised the capacity of its LTE and 3G network in the city of Astrakhan. The operator has also introduced Dual Carrier-HSDPA+ (DC-HSDPA) technology in the town of Kamyshin in the Volgograd region, with 80% of 3G base stations in the area currently supporting the technology. Beeline has raised the number of its 3G base stations by 15% in the Belgorod region since the beginning of the year, and plans to double that number by the end of the year. HSPA+ technology has been introduced on the 3G network in the towns of Serov, Tavda, Sukhoy-Log and Verkhnyaya-Pyshma in the Yekaterinburg region.
VimpelCom Successfully Completes $1.8 Billion Revolving Credit Facility
Apr 8 14
VimpelCom Ltd. announced that it has successfully completed a new revolving credit facility of up to $1.8 billion for VimpelCom Amsterdam B.V. The RCF has a three-year tenor and will replace the existing $500 million RCF signed in 2011. Currently 11 banks have committed to the RCF in the aggregate amount of $1.65 billion. The RCF contains an option to increase the amount of the facility by up to $150 million within 6 months from the date of the signing. The Company also announced that it has successfully completed a new term facility of $0.5 billion for VIP Amsterdam. This three-year term facility was entered into with Alfa-Bank. Both credit facilities are unsecured and guaranteed by VimpelCom Holdings B.V.
VimpelCom to Invest about $350 Million over Two Years to Expand the Bangladeshi Mobile Operator's 3G Network
Apr 3 14
VimpelCom will invest about USD 350 million over two years to expand the Bangladeshi mobile operator's 3G network. Banglalink has rolled out its 3G network to all divisional cities and plans to cover all districts by June 2014.
Vimpelcom Plans to Raise the Number of its Base Stations by 30% in 2014
Mar 28 14
Vimpelcom plans to raise the number of its base stations by 30% in 2014.