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Wednesday, Jan 16
VimpelCom (VIP +4.4%) treks higher after outlining its 2013-2015 objectives ahead of its Analyst...
VimpelCom (VIP +4.4%) treks higher after outlining its 2013-2015 objectives ahead of its Analyst & Investor Day. The Russian mobile carrier says it's shooting mid-single-digit revenue and EBITDA CAGRs, and wants to have a net debt/EBITDA ratio below 2x by the end of 2015. It also wants its capex/revenue ratio (exc. spectrum license payments) to be under 15% by the end of this period, and for $2B/year in operating cash flow improvement to be achieved. (webcast and slides)