VimpelCom, Russia's second largest mobile operator, reported a 12% year-on-year rise in revenues to 69 billion roubles (2.18 billion US dollars) for the second quarter, as its mobile subscribers climbed 19% to almost 64 million.
After slashing capital spending 68% year-on-year to 5.02 billion roubles for the quarter, VimpelCom said it plans to increase capex in the second half of year to ensure the sustainability of its business and capture growth opportunities. source: VimpelCom statement
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