Saturday, March 20, 2010
Broadband Bolsters VimpelCom
VimpelCom said that its revenues in Russia in the fourth quarter of 2009 were flat year-on-year at 58.8 billion Russian roubles (2 billion US dollars) despite a 7% increase in mobile subscribers and a 89% surge in broadband revenues to 2.07 billion roubles.
In dollar terms, VimpelCom cut its capex in Russia 48% to 332 million US dollars year-on-year. source: VimpelCom presentation
Labels: More Eastern Europe telecoms
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