Vimpelcom reports strong cash flow in Q4 2011 results (Russia)
VimpelCom Ltd., Russia’s third- largest wireless company by subscribers announced its operating and financial results for the quarter ended December 31, 2011.
As per the company report, Jo Lunder, CEO, Vimpecom, said that the company has delivered strong operational performance across all business units in the fourth quarter of 2011, driving organic revenue growth of 5 per cent, stable EBITDA and strong cash flows of USD 1.8 billion in the period. The final dividend payment of USD 0.35 per common share underscores the Company’s commitment to pay annual dividends of at least USD 0.80 per common share from 2011 to 2014.
In Russia, they are implementing their plans to improve the business performance and they regained market share during the year, which they intend to maintain while increasing their focus on profitable growth. In Italy, they saw further market share increases in the mobile and fixed line segments. Data revenues grew strongly in both these markets and in the Ukraine. The Africa & Asia business unit continued to deliver excellent subscriber growth and the CIS unit produced double digit revenue growth.
He added that their focus in 2012 will continue to be on the delivery of their Value Agenda and the 2011 results provide a good platform for profitable growth and improved cash flows. The process of integrating the businesses acquired in 2011 is now completed and in 2012 they expect to leverage the benefits of their increased size and capabilities.
Global Mobile Revenues to surpass US$1 Trillion in 2014
www.WirelessFederation.com/news: More than US$1 trillion will be recorded in total mobile service revenues in 2013. Rise in the data revenues will leverage the growth in service revenues as the former will rise to over US$330 billion that year, up from an estimated US$208 billion in 2008.
The voice revenues and ARPU will be surpassed by data revenues and data ARPU in Japan in 2014. The LTE in Japan including other markets might help to support this boom in data revenues.
A loss of 70% will be recorded by the end of 2012, in the second-generation mobile technologies, accounting for 90% of the world’s subscriptions. 3G and 3.5G+ technologies will cover 6.7 billion mobile subscriptions while by 2014, 3.5G+ technologies will represent over a third of the total number of subscriptions.
