Tuesday, November 24, 2009

VimpelCom Plans Capex Hike

VimpelCom, Russia's second largest mobile operator, said its revenue rose 3.5% year-on-year in the third quarter to 71.3 billion Russian rubles (2.48 billion US dollars), as its subscribers in Russia rose 13% to 51 million.

In Vietnam, a new market for VimpelCom, the operator said it had 1,071 base stations on air by the end of September, covering 24% of the total population, while in Cambodia, it had 370 base stations on air covering 47% of the total population. source: VimpelCom presentation

VimpelCom plans to increase capital spending in 2010 by 50% over 2009, according to a report by Interfax, which cites Chief Executive Boris Nemsic. source: Dow Jones/Total Telecom

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