VimpelCom to present update on strategy VimpelCom will present an update on its strategy, the Value Agenda, at the Company's annual Analyst and Investor Conference in London. The Company also announced that its Supervisory Board approved a new dividend policy pursuant to which from 2014 it aims to pay annual dividends of 3.5c per share until the Company reaches a group Net Debt to EBITDA ratio of under 2 times. The Supervisory Board also decided that the Company will not make a final 2013 dividend payment. During the Analyst and Investor Conference, VimpelCom's leadership team will provide an update on its strategic Value Agenda at the Group level, as well as at its Business Units level. The Value Agenda is focused on increasing Net Cash from four main pillars: profitable growth; customer excellence; operational excellence and capital efficiency.
VimpelCom says explored 50/50 JV in Italy on Wind subsidiary VimpelCom disclosed in a regulatory filing that it has noted recent analyst and media comments concerning Wind, its fully owned subsidiary in Italy. The company has held discussions to explore the potential value which would accrue to shareholders through a 50/50 joint venture in Italy. No conclusion to these discussions was reached. The company will continue to explore value adding transactions but there can be no guarantee that a transaction on terms acceptable to the company will be identified.