Reacting to the deterioration in the economic climate in the CIS region, VimpelCom said it will cut capital spending to between 12% and 15% of consolidated revenue in 2009 from 25% in 2008. Last year, VimpelCom's capital spending rose 45% to 2.57 billion US dollars as it rolled out both 3G and fixed-line broadband networks.
By the end of 2009, VimpelCom operated fibre to the building (FTTB) networks in 47 cities and 3G networks in 40 cities. In the fourth quarter of 2008, VimpelCom's total number of residential broadband subscribers in Russia, including FTTB and 3G, increased by 0.4 million to 1.2 million.
Boosted by the acquisition of Golden Telecom and new mobile subscribers, VimpelCom, Russia's second largest mobile operator, said that its net operating revenues reached 10.12 billion US dollars in 2008, up 41% from 2007. source: VimpelCom statement
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