VimpelCom Ltd Delivers Solid Revenue and Subscriber Growth in 2Q2011
OREANDA-NEWS. September 7, 2011. Amsterdam (September 7, 2011) - “VimpelCom Ltd” (“VimpelCom”, “Company” or “Group”) (NYSE: VIP), a leading global provider of telecommunications services, today announced operating and financial results for the quarter ended June 30, 2011.
JO LUNDER, CHIEF EXECUTIVE OFFICER COMMENTS:
“This quarter in which our transformational merger with Wind Telecom closed, shows solid performance across all of our Business Units. Our diligent efforts resulted in an improvement in our market position in Russia, relative outperformance of the market in Italy, and continued profitable growth across our operations in emerging markets. Moreover, we are leveraging our scale advantage, which is reflected by our ability to deliver synergies from the merger with Kyivstar ahead of expectations. And, although we are early in the process of integrating Wind Telecom, our confidence in significant synergies from our enlarged company is reaffirmed.”
“Looking ahead, we will maintain our focus on integrating our businesses and driving sustainable, profitable growth and increased cash flows by capturing opportunities in our emerging markets and by increasing focus on both fixed and mobile broadband in our more mature markets.”
“I am confident that we have a strong platform for improvement and for sustainable profitable growth.”
Download (PDF): Vimpelcom Ltd. second quarter 2011 results
Download (PDF): 2 Q11 Presentation
Download (XSL): 2Q11 Fact Book
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