Articles tagged with: Vimplecom

Russian Networks Fined in iPhone Price Fixing Allegations

­Two of Russia's mobile networks have been fined after they were found guilty of colluding in setting the retail price of Apple's iPhone 4 when it was launched in late 2010.  more

Related Tags: vinaphone, Vietnam


VimpleCom Quarterly Profits Drop on Tax Charges

­Russia's vimplecom has announced that its first-quarter revenues rose by 3 percent to reach US$5.62 billion on a pro-forma basis. They actually more than doubled, but that was due to the inclusion of Orasom Telecom assets.  more

Related Tags: Russia


Orascom Telecom Algerie Hit with $1.3 Billion Fine

An Alge­rian Court has issued a fine of US$1.3 billion against Orascom Telecom Algerie (OTA) as the result of a long running dispute between the company and the government.  more

Related Tags: orascom-telecom-algerie


Alfa and Telenor to Maintain Agreement - For Now

­Russia's Alfa Group and Norway's Telenor have agreed to maintain their shareholder pact as it stands until after an arbitration panel have issued a ruling on whether the plans to scrap it are legal.  more

Related Tags: alfa-group, telenor, Russia


Russian Networks Plan Joint LTE Network Deployment

­Two of Russia's largest mobile networks are reported to have agreed to jointly build a nationwide LTE network, in a move that seems to break from the previously announced LTE network deal with Russian WiMAX-to-LTE operator, Yota.  more

Related Tags: mts, yota, lte, Russia


Vimplecom Revenues Jump, but Profits Miss Forecasts

­Russia's vimplecom has reported a more than doubling of its second quarter revenues to US$5.5 billion, although that is boosted by its takeover of Orascom Telecom's assets. One a like-for-like basis, revenues rose by 9%.  more

Related Tags: jo-lunder, jo-lunder, wind-telecom, Russia


Altimo Sells Vimplecom Shares - Triggering Break Clause in Telenor Agreement

­Russia's Altimo is to sell a 6 percent stake in Vimpelcom to Russian businessman Oleg Kiselev for US$100 million in a move that coincidentally breaks a shareholder agreement with Telenor and enables Wind Telecom directors to sit on the board.  more

Related Tags: altimo, telenor, wind-telecom, Russia


Wind Telecom's Debt Ratings Upgraded Following Sale to Vimplecom

Fitch Ratings has upgraded Wind Telecomunicazioni's debt ratings following its purchase by Russia's vimplecom. ­Fitch noted that the Russian company has a notably stronger credit profile than Wind, and is likely to treat this subsidiary as a strategic investment diversifying the group from over-reliance on high growth and also volatile emerging markets. Vimpelcom will likely seek to improve access to Wind's cash flows and reduce interest payments across the group. Both of these goals would require meaningful deleveraging at the Wind level.  more

Related Tags: wind-telecomunicazioni


Orascom Doubts Vimpelcom Can Resolve Algerian Dispute

­The Chairman of Egypt's Orascom Telecom has expressed doubts about Vimpelcom's chances in settling the ongoing and lengthy dispute over Orascom's Algerian subsidiary with the Algerian government.  more

Related Tags: orascom-telecom, djezzy, Algeria


Russia May Investigate Operator Roaming Fees

Russia's Federal Anti-monopoly Service (FAS) has announced that it is considering setting up a formal investigation into the roaming fees charged by the country's big-three mobile networks.  more

Related Tags: federal-anti-monopoly-service, fas, roaming, megafon, mts, Russia


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