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May 14, 2014
09:49 EDTVIPVimpelCom now sees FY14 revenue down low-to-mid single digit percentage
FY14 revenue consensus $21.52B. VimpelCom earlier updated its annual targets for 2014 to include a revenue decline of low to mid single digit year-over-year, EBITDA to decline low to mid single digit, net debt to EBITDA of approximately 2.4x and CapEx, excluding licenses, of approximately 21% of revenue. The company said it has revised its targets for 2014 due to the "challenging environment" in many of its operations.
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August 4, 2015
19:35 EDTVIPVimpelCom, CK Hutchison nearing merger of Italian mobile units, Reuters says
Vimpelcom and CK Hutchison are nearing an agreement to merger their Italian mobile phone units, Reuters reported, citing sources close to the deal. One of the sources noted that "negotiations have become serious," adding that an announcement could be made this week. Reference Link
August 3, 2015
07:59 EDTVIPVimpelCom volatility elevated into Q2 and outlook
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July 29, 2015
12:32 EDTVIPVimpelCom, CK Hutchison nearing Italian asset merger, Bloomberg reports
VimpelCom and CK Hutchison are nearing combining their wireless units in Italy to create Italy's largest mobile-phone company by customers, Bloomberg reports, citing people familiar with the matter. The companies are finishing up the details of the deal, with an announcement expected potentially in the next week at the earliest, the report says. The owners are discussing a possible capital increase of $2.2B for the entity, the report adds. Reference Link

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