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Wireless

Vimpelcom net profit halves in Q3

Wednesday 6 November 2013 | 09:26 CET | News
Vimpelcom's net profit for the third quarter halved to USD 255 million from USD 538 million a year earlier, as the company suffered from competitive and regulatory pressures in key markets such as Russia, Italy and Ukraine. Revenues fell 1 percent to USD 5.685 billion, and EBITDA was down 2 percent to USD 2.474 billion. The EBITDA margin fell by half a percent point to 43.5 percent. Vimpelcom blamed the lower results on a number of government and regulatory effects, such as termination rate cuts in Italy and forced network shutdowns in Pakistan, as well as increased commercial costs in

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Categories: Mobile & Wireless
Companies: Vimpelcom
Countries: World
::: add a comment

Comments

Its totally wrong no forced shutdown since last 8 months in Pakistan. And they are reflecting Q3 results.
zubair Chughtai @ 6/11/2013 - 10:28

I am interested to get more information on your company and how would it relate to me from the Philippines.
Dioscoro Peligro @ 6/11/2013 - 10:27


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