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Articles tagged with: Vimpelcom
VimpelCom Raises $316 Million Loan
Russia's vimpelcom has announced that it has signed a credit line agreement with Sberbank in the amount of RUR 10 billion (US$316 million). more
Related Tags: sberbank, Russia
VimpelCom Returns to Profit after Loss in Q1
Russia's vimpelcom has reported that its second-quarter revenues rose by 11.9% to RUB 69 billion (US$2.2 billion) from RUB 61.7 billion a year ago. Net profit was RUB 22.6 billion (US$718 million), compared to RUB 11.1 billion a year ago - and a RUB 8.5 billion loss in 1Q09. more
Related Tags: broadband, Russia
Russian Government May Buy Svyazinvest Stake
Russia's telecoms market faces a shake-up after further details emerged that could result in conglomerate, Sistema swapping a quarter of landline firm, Svyazinvest and half of CDMA operator, SkyLink for a 23% stake in Moscow landline operator, Moscow City Telephone Company (MGTS) along with the cancellation of debts of around US$826 million owed to Sberbank. more
Related Tags: svyazinvest, mts, megafon, comstar, sistema, Russia
MegaFon Denies Interest in Buying VimpelCom Stake
Russia's 3rd largest mobile phone network, MegaFon has denied reports that it is looking to buy a 5% stake in its rival network, vimpelcom. The company had been reported to have considered the purchase by Russian business daily, Kommersant - but a source told Reuters that the story was not true. more
Related Tags: alfa-group, megafon, leonid-reiman, Russia
Russian Subscriber Growth - On the Brink of a Slowdown?
In the first quarter of 2009, the Russian market surpassed 190m customers and almost reached 135% penetration. The end-quarter total customer base of 190.65m was up by 22.81m year on year and the penetration rate of 134.8% was 16.6pp higher than the year-earlier figure. These are both strong gains, and they seem to indicate that growth is continuing unchecked. However, the quarterly figures suggest that Russia may be on the brink of a slowdown. more
Related Tags: mts, megafon, tele2, svyazinvest, uralzvyazinform, -sibirtelecom, volga-telecom, volga, Russia
Svyazinvest Planning to Merge Russian Mobile Networks
Russia's Communications and Press Minister Igor Shchyogolev has confirmed that Svyazinvest is planning to merge its separate mobile network operator subsidiaries into a single company. The move is expected to make it easier for the state-controlled company to compete with the three main private networks who dominate the market. more
Related Tags: svyazinvest, mts, megafon, comstar, sistema
Russian Bailiffs to Sell Telenor's Stake in VimpelCom
Russian bailiffs have passed an order to auction off Telenor's shares in Russian mobile network operator, vimpelcom to cover a disputed US$1.7 billion fine. Responding to the news, Telenor said that it has not received any other information from the Bailiff's office than what has been posted on the Bailiff's home page. more
Related Tags: telenor, alfa-group, farimex, altimo, new-york, Russia
Fitch Affirms Telenor's IDR at 'BBB+'; Negative Outlook
Fitch Ratings has today affirmed the Norwegian incumbent telecoms operator Telenor's Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB+' and affirmed the Short-term IDR at 'F2'. The Outlook is Negative. more
Related Tags: fitch-ratings, telenor, alfa-group, unitech-wireless, kyivstar, partner, fitch, Norway
VimpelCom Launches GSM Network in Cambodia
Russia's vimpelcom has announced the launch of its network in Cambodia under its Beeline consumer brand. The network has been built by vimpelcom's majority owned local subsidiary, Sotelco. more
Related Tags: beeline, sotelco, seven, gsm, partner, Cambodia
Farimex Launches Attack Against Telenor in Ukraine
According to a statement from Telenor, Farimex, reputed to be attacking Telenor's investments in the Russian mobile operator vimpelcom, is also behind an investigation launched by the Anti-Monopoly Committee of Ukraine (AMC) against Telenor and Kyivstar. Telenor says that it was officially notified of the commenced investigation earlier this month. more
Related Tags: telenor, farimex, vimplecom, kyivstar, beeline-, altimo, storm, Ukraine