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Moscow and New York (November 24, 2009) - Open Joint
Stock Company “Vimpel-Communications” (“VimpelCom” or the
“Company”) (NYSE: VIP),a leading international provider of
telecommunications services operating in Russia, the Commonwealth
of Independent States (CIS) and South-East Asia, today announced
its financial and operating results for the quarter ended September
30, 2009.
Third Quarter 2009 Highlights and Recent
Developments
Operational
• Mobile subscribers increased by 1.7 million versus 2Q09,
reaching 65.4 million
• Successful launch of operations in Vietnam under Beeline
brand
• Agreement signed to enter Laos mobile market
• 3G presence in all regions of Russia as of November 21,
2009
Financial
• Net operating revenues reached 71.3 billion Russian rubles,
an increase of 3.3% versus 2Q09
• OIBDA reached a record 36.0 billion rubles, an increase of
2.9% versus 2Q09
• Continued strong consolidated fixed and mobile OIBDA margin
of 50.4%
• Net income attributable to VimpelCom amounted to 13.5
billion rubles
Other
• Interim dividend payment of 190.13 rubles per common share
proposed by the Board of Directors
• Major shareholders agreed to combine their stakes in
VimpelCom and Kyivstar in a new company
Commenting on the performance of the Company, Boris Nemsic,
Chief Executive Officer of VimpelCom, said, “During the third
quarter we continued to demonstrate growth in challenging market
conditions and delivered a record 71.3 billion rubles in revenues
and 36.0 billion rubles in OIBDA with a consolidated fixed and
mobile OIBDA margin of 50.4%.
We are particularly pleased with the OIBDA performance which
demonstrates our ability to increase revenues and control costs in
the new economic environment.
The number of active mobile subscribers reached 65.4 million,
which is 13% more than we had a year ago. We serve 1.9 million
fixed and mobile broadband subscribers, which makes us one of the
largest broadband providers in Russia and the CIS.
Stable operational cash flow strengthened our financial
position. As of today, we have repaid more than $2 billion dollars
of our debt and fully funded capital expenditures. We continue to
optimize our debt portfolio with the non-ruble portion of our debt
decreasing to 76% of our total debt, compared with 85% at the
beginning of the year.
On October 5th, 2009, Altimo and Telenor agreed to combine their
interests in VimpelCom and Kyivstar, paving the way for the
creation of one of the largest telecom operators in the emerging
markets. Management of VimpelCom welcomes this transaction and
believes that the transaction, when completed, will bring benefits
to our shareholders, employees and customers”.
*The average exchange rate for the quarter
ended September 30, 2009 was 31.3 RUR/US$
Download (PDF):
Vimpelcom announces third quarter 2009
financial and operating results
Download (PDF):
3Q
2009 Presentation
Download (XLS):
FinancialOperating3Q2009
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