OREANDA-NEWS. Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP), a leading provider of wireless telecommunications services in Russia and the Commonwealth of Independent States (CIS) today announced its financial and operating results for the quarter and nine months ended September 30, 2006.

The net operating revenues of the company reached $1,358.9 million in the third quarter, a year-on-year increase of 52.6%. OIBDA reached $717.8 million, a year-on-year increase of 59.5%. OIBDA margin was 52.8%, an all-time record for the Company.

The net income totalled $268.4 million, a year-on-year increase of 37.7%. Operating cash flow was $640.0 million, a year-on-year increase of 62.4%.
 
The subscriber base of the company made approximately 53.3 million subscribers as of November 30, 2006 including 5.9 million subscribers in the CIS outside of Russia.