Wednesday, August 6, 2014
No Dolce Vita for VimpelCom
CEO Jo Lunder said: “As previously indicated, we expect 2014 to be a challenging year for our group. The results for the second quarter were impacted by a weaker operational performance in some markets, but also by the macro-economic situation in Russia and Ukraine. In Italy we continue to outperform competitors in a weak market. We are seeing improved financial performance in Kazakhstan and Bangladesh, with year-on-year service revenue growing by 8% in both markets. The improvements are due both to the investments we are making in our networks and to our focus on delivering the best customer experience."
source: VimpelCom presentation
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