VimpelCom reported a 1% year-on-year increase in revenues to 2.3 billion US dollars on an organic basis for the fourth quarter of 2015. The organic growth rate for the whole calendar year was also 1% with annual revenues of 9.6 billion dollars.
VimpelCom said the slight uptick was driven by a positive performance in Pakistan, Bangladesh, Ukraine, Uzbekistan and Kyrgyzstan, partially offset by negative performances in Algeria
and Kazakhstan.
VimpelCom, which operates in 14 markets including Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia, Laos, and Zimbabwe, forecast that service revenues will be flat or see slight growth in 2016. source: VimpelCom presentation
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