Vimpelcom Q1 revenues flat on weak Italian market

Wednesday 15 May 2013 | 09:58 CET | News
Vimpelcom reported flat revenues for the first quarter, hurt by weaker results in its second-largest market Italy and negative currency effects. Revenues of USD 5.59 billion were up 1 percent on an organic basis and would have rose 4 percent organically if the 72 percent cut in Italian termination rates was excluded, the company said. In its home market Russia, revenues improved 4 percent to USD 2.30 billion and were up 5 percent on an organic basis, while Italian revenues fell 8 percent to USD 1.62 billion and dropped 9 percent on a comparable basis. Group EBITDA still improved 2 percent to

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Categories: General
Companies: Vimpelcom
Countries: World
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