Vimpelcom sales down 9% in Q3, net profit halves

Wednesday 12 November 2014 | 09:09 CET | News
Vimpelcom's net profit more than halved in the third quarter, to USD 104 million from USD 255 million a year ago, due to costs for refinancing its Italian subsidiary Wind and negative currency effects. EBITDA declined 11 percent to USD 2.21 billion, and revenues fell 9 percent to USD 5.15 billion. On an organic basis, revenues fell 3 percent in Russia, 6 percent in Ukraine, 2 percent in Italy and 4 percent in its Asia and Africa division. Only the CIS division showed growth of 5 percent. Vimpelcom said the operating results were affected by macroeconomic weakness, currency fluctuations and

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Vimpelcom revenues fall 21% in Q4 on stronger dollar

Published 25 Feb 2015 08:49 CET | World
Mobile operator Vimpelcom reported fourth-quarter revenues down 21 percent year-on-year to USD 4.39 billion, hurt by the weaker ...

Mobilink revenues decline 9% in Q3

Published 12 Nov 2014 20:40 CET | Pakistan
Pakistani mobile operator Mobilink generated operating revenues of PKR 24 billion in the third quarter of the year, down 9 ...

Banglalink's revenues up 10% year-on-year in Q3

Published 12 Nov 2014 20:16 CET | Bangladesh
Bangladeshi mobile operator Banglalink posted operating revenues of BDT 11 billion in the third quarter of 2014, an increase of ...

Kyivstar revenues fall 6% in Q3

Published 12 Nov 2014 10:29 CET | Ukraine
Revenues of Ukrainian mobile operator Kyivstar, part of the Vimpelcom group, declined by 6 percent year-on-year to UAH 3.2 ...

Beeline revenues down 3% in Q3

Published 12 Nov 2014 10:26 CET | Russian Federation
Operating revenues of Russian operator Vimpelcom, working under the Beeline brand, declined by 3 percent year-on-year to RUB ...

Wind Q3 sales down 2% in weak but improving Italian market

Published 12 Nov 2014 09:34 CET | Italy
Italian operator Wind reported a 2 percent year-on-year decline in third-quarter revenue to EUR 1.22 billion in what it described ...

Government clears Wind Mobile takeover

Published 05 Nov 2014 08:41 CET | Canada
The Canadian government has approved the sale of Wind Mobile. VimpelCom agreed in September to sell its stake in Wind's holding ...

Vimpelcom fails to reach deal on Wind, 3 Italia merger

Published 28 Oct 2014 09:38 CET | Italy
The possibility of a merger between Wind and 3 Italia, the Italian mobile phone units of Vimpelcom and Hutchison Whampoa, has ...

Econet buys Telecel operations in Burundi, CAR

Published 20 Oct 2014 11:17 CET | Burundi
VimpelCom announced that its 51.9 percent owned subsidiary Global Telecom has sold its entire 100 percent stake in Telecel Globe, ...

Vimpelcom exits Canadian market, sells Wind Mobile stake

Published 16 Sep 2014 08:32 CET | Canada
VimpelCom is exiting the Canadian market and has agreed to sell its local operator Wind Mobile. VimpelCom and Global Telecom ...

Global Telecom shareholders approve Djezzy sale

Published 27 Aug 2014 10:22 CET | Algeria
Shareholders of Global Telecom (GTH) approved the sale of 51 percent of Djezzy to the Algerian National Investment Fund for USD ...

Beeline gets RUB 40 bln credit from Sberbank

Published 11 Aug 2014 13:55 CET | Russian Federation
Russian mobile operator Vimpelcom, working under the Beeline brand, has attracted two new credit lines from Russian bank ...

Vimpelcom maintains outlook as Q2 revenues fall 11%

Published 06 Aug 2014 09:11 CET | World
Vimpelcom reported second-quarter results lower, hurt by the difficult economic conditions in key markets such as Italy, Russia ...

Vimpelcom issues EUR 4 bln bonds to refinance Wind debt

Published 25 Jun 2014 15:53 CET | Italy
Vimpelcom has issued EUR 4.07 billion of 6-year senior high yield bonds with a view to refinancing debt at its subsidiaries Wind ...