VimpelCom Ltd.. "Announced results for the first quarter of 2011
VimpelCom, Ltd.. "Mostly known for its Beeline brand, announced today its financial and operating results for the 1 st quarter ended March 31, 2011. VimpelCom consolidates the results of Wind Telecom SpA (Wind Telecom), since April 15, 2011.
Key indicators of the quarter and recent developments:
April 15, 2011 VimpelCom completed a merger with Wind Telecom, creating a new global telecommunications group
Attracted funding of $ 6.5 billion U.S. dollars to implement a deal with Wind Telecom and further development of the Company
Net operating revenue increased by 23% over the same period last year and amounted to 2.7 billion dollars
Adjusted OIBDA reached 1.2 billion U.S. dollars (an increase of 16% over the same period last year), adjusted OIBDA margin of 44.1%
Net profit attributable to VimpelCom, has made 590 million dollars (an increase of 55% over the same period last year) - Net cash flow from operating activities amounted to U.S. $ 1 billion (an increase of 25% over the same period last year)
Strengthened its presence in Southeast Asia by acquiring companies in Laos and reaching a new agreement in Vietnam
April 14, 2011 The Supervisory Board has announced the payment of final dividend for 2010 of $ 244 million U.S. dollars, bringing the total amount of dividends paid for 2010 to approximately 1.1 million U.S. dollars
Key indicators of the quarter and recent developments:
April 15, 2011 VimpelCom completed a merger with Wind Telecom, creating a new global telecommunications group
Attracted funding of $ 6.5 billion U.S. dollars to implement a deal with Wind Telecom and further development of the Company
Net operating revenue increased by 23% over the same period last year and amounted to 2.7 billion dollars
Adjusted OIBDA reached 1.2 billion U.S. dollars (an increase of 16% over the same period last year), adjusted OIBDA margin of 44.1%
Net profit attributable to VimpelCom, has made 590 million dollars (an increase of 55% over the same period last year) - Net cash flow from operating activities amounted to U.S. $ 1 billion (an increase of 25% over the same period last year)
Strengthened its presence in Southeast Asia by acquiring companies in Laos and reaching a new agreement in Vietnam
April 14, 2011 The Supervisory Board has announced the payment of final dividend for 2010 of $ 244 million U.S. dollars, bringing the total amount of dividends paid for 2010 to approximately 1.1 million U.S. dollars
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