VimpelCom (VIP) - NASDAQ
  • Wed, Feb. 17, 11:52 AM
    • VimpelCom (NASDAQ:VIP) shares are up 6.2% after agreeing to admit to breaking laws in connection with an Uzbekistan bribery probe and settling with the U.S. for what it expects is less than the $900M it set aside for that purpose.
    • In November, reports had the company close to a $775M settlement with American authorities.
    • The company reached deals with the SEC and Justice Dept. as well as the Dutch Public Prosecution Service. Multiple investigations were looking into allegations that business favors were arranged in order to affect spectrum distribution in Uzbekistan; the probes reached beyond VimpelCom to a number of European telecoms with exposure to the Eurasian market.
    • The company's earnings report showed revenues that sank 29% in dollar terms, but rose 1% in local currencies. Excluding foreign exchange, EBITDA rose 3% to $793M.
    • It's guiding service revenues for 2016 from unchanged to low-single-digit increases, and up to 1% gain in organic EBITDA margin.
    • Press Release
    • Previously: VimpelCom up 2.4% on report it's near $775M U.S. settlement (Nov. 25 2015)
    • Previously: Former VimpelCom CEO Lunder in custody amid Uzbek corruption probe (Nov. 05 2015)
    • Previously: VimpelCom making $900M provision amid Uzbekistan probes (Nov. 03 2015)
    | Wed, Feb. 17, 11:52 AM
  • Wed, Feb. 17, 3:29 AM
    • VimpelCom (NASDAQ:VIP): Q4 net loss from continuing ops. of $190M
    • Revenue of $2.3B (-23.3% Y/Y) misses by $350M.
    • Press Release
    | Wed, Feb. 17, 3:29 AM
  • Tue, Jan. 26, 11:23 AM
    • VimpelCom (VIP +3.2%) and rival Megafon (OTC:MFOYY) have started a joint project to build mobile towers in Russia.
    • The towers are being built in 10 regions, incorporating more than 1,300 LTE-enabled base stations, and will help both cut infrastructure costs. The network, which will accelerate the expansion of 4G, will be launched in the third quarter this year, Megafon says.
    • The venture is a seven-year deal with the possibility of extensions, and even a possible spinoff of infrastructure for sale.
    | Tue, Jan. 26, 11:23 AM | 1 Comment
  • Thu, Jan. 14, 1:03 PM
    • VimpelCom (VIP +5.4%) has named Christopher Schlaeffer its chief digital officer, effective Jan. 17.
    • Most recently, Schlaeffer had founded two tech start-ups in Berlin and London, and previously he spent 12 years with Deutsche Telekom at jobs including chief product and innovation officer.
    • He's responsible for "driving VimpelCom's transformation into an open digital model and new ecosystem for the industry, supporting the development of new digital services and telecom propositions for customers, as well as leading the group's global commercial functions."
    | Thu, Jan. 14, 1:03 PM
  • Mon, Jan. 4, 6:34 PM
    • In its look at telecoms in emerging markets, Renaissance Capital says video could bring new growth -- and the sector may be a place to target dividends.
    • "Telcos are jumping too late on the fast moving Internet train," the analysts write. "Video could be the ‘next big thing’ for mobile telcos and the step-up jump in usage (rather than a gradual shift) creates the possibility that this will translate into revenues."
    • That growth, though, is likely going to fall victim to competition in no more than 12 months, they say.
    • RenCap thinks the growth outlook is best in Turkey, as Russia and MENA face macro headwinds. In Turkey, the firm prefers Turk Telekom (OTC:TRKNY) to Turkcell (TKC -2.1%): “Ultimately a telecom (as with any other sector) is as good as its dividend stream is. On this metric we estimate [Turk Telekom] could be worth TRL5.8/share if all allowable earnings adjusted for availability of cash are paid out as dividends, and assuming the market would be happy with an 11.5% yield – 10.5% versus Turkish local bonds."
    • Meanwhile, in Russia the firm likes Mobile TeleSytems (MBT -2.8%) and Sistema over VimpelCom (NASDAQ:VIP), and it highlights MTN Group (OTCPK:MTNOY -1.4%) in South Africa, though noting that firm's huge Nigerian fine shows that developing countries present regulatory risk and "become inventive when it comes to enhancing state coffers.”
    | Mon, Jan. 4, 6:34 PM | 2 Comments
  • Dec. 18, 2015, 11:08 AM
    • Russian telecom market rivals VimpelCom (VIP +5.3%) and Mobile TeleSystems (MBT +1.9%) have come together in an expanded deal to share 4G LTE frequencies in 20 regions of the large country.
    • The two have amended a late-2014 agreement to share airwaves, providing that the two will jointly use 2.6 GHz frequencies in 20 of the 36 regions from that agreement.
    • The new deal is for a six-year term, extendable for a longer term and able to be expanded with more regions. It provides for a doubling of peak customer data speeds in the long term to 150 Mbps with average speeds growing along the way.
    | Dec. 18, 2015, 11:08 AM
  • Dec. 14, 2015, 7:40 AM
    • Added to the Nasdaq 100 (NASDAQ:QQQ), effective Dec. 21 will be: Ctrip (NASDAQ:CTRP), Endo International (NASDAQ:ENDP), Expedia (NASDAQ:EXPE), Maxim Integrated (NASDAQ:MXIM), Norwegian Cruise Lines (NASDAQ:NCLH), T-Mobile (NASDAQ:TMUS), and Ulta Salon (NASDAQ:ULTA).
    • To be removed: C.H. Robinson (NASDAQ:CHRW), Expeditors International (NASDAQ:EXPD), Keurig Green Mountain (NASDAQ:GMCR), Garmin (NASDAQ:GRMN), Staples (NASDAQ:SPLS), VimpelCom (NASDAQ:VIP), and Wynn Resorts (NASDAQ:WYNN). Also to be removed: LiLAC Class A Shares (NASDAQ:LILA), and LiLAC Class C Shares (NASDAQ:LILAK).
    | Dec. 14, 2015, 7:40 AM | 10 Comments
  • Nov. 27, 2015, 11:45 AM
    • VimpelCom (NASDAQ:VIP) is down 1.9% with firms coming in for price target cuts on the Russia-focused telecom.
    • Barclays has reduced its price target to $4.82; ADRs closed yesterday at $3.60 and are trading at $3.53 today. Meanwhile, HSBC lowered its price target to $6.40.
    • HSBC has a Buy rating on the stock, while Barclays holds an Equal Weight rating.
    • The company also announced it's combining its Pakistan mobile business, Mobilink, with Global Telecom Holding's Warid Telecom in a large consolidation. Mobilink will first acquire 100% of Warid's shares in consideration for Dhabi Group shareholders acquiring about 15% of Mobilink, before the two companies are fully merged.
    • The combination will serve more than 45M customers and the two companies logged combined revenue of $1.4B over the past 12 months. VimpelCom and Global Telecom expect synergies of $500M in the tie-up.
    | Nov. 27, 2015, 11:45 AM | 1 Comment
  • Nov. 25, 2015, 6:55 PM
    • While VimpelCom (VIP +6.8%) got a boost today on news that it may be close to settling with the U.S. in an Uzbekistan corruption probe, TeliaSonera (OTCPK:TLSNY +2.2%) may be facing a bigger headache as the U.S. looks to extend the probe into other markets, according to Swedish daily Svenska Dagbladet.
    • Danske Bank analysts think the company could now be facing compensation claims of 15B kronor ($1.72B), triple what they had expected before.
    • The probe is reportedly widening to TeliaSonera's activities in Kazakhstan and Azerbaijan, and even Nepal.
    • Other companies besides VimpelCom and TeliaSonera -- Mobile TeleSystems (NYSE:MBT) and Telenor (OTCPK:TELNY) -- are linked to dealings with Takilant, the company tied to Gulnara Karimova, daughter of Uzbekistan President Islam Karimov.
    | Nov. 25, 2015, 6:55 PM
  • Nov. 25, 2015, 6:32 PM
    • VimpelCom (VIP +6.8%) is looking at stable debt even with ongoing dollar risks, Fitch says, giving the Russia-focused telecom a BB+ Issuer Default Rating with stable outlook.
    • While VimpelCom's debt is moderate and declining, 71% is in U.S. currency, which may increase costs for Amsterdam-based VimpelCom as the U.S. raises rates.
    • VimpelCom's interests in Italy's Wind are "highly leveraged but ring-fenced," the firm says.
    • Fitch expects VimpelCom to stay a strong mobile player in Russia despite competition from Mobile TeleSystems (NYSE:MBT), Millicom (OTCPK:MIICF) and Megafon (OTC:MFOYY): "Although its market share has been on a steady decline over the three years to 2014, a catch-up in capex should allow it to compete on a more level playing field with its larger peers."
    • Shares finished strong today after a report the company may be near a settlement with U.S. authorities related to an Uzbekistan corruption probe.
    • Previously: VimpelCom up 2.4% on report it's near $775M U.S. settlement (Nov. 25 2015)
    | Nov. 25, 2015, 6:32 PM
  • Nov. 25, 2015, 9:28 AM
    | Nov. 25, 2015, 9:28 AM
  • Nov. 18, 2015, 10:09 AM
    • Russia-focused telecom VimpelCom (NASDAQ:VIP) is up 4% in early going after announcing it's selling out of its interests in Zimbabwe.
    • The firm owns a stake in Telecel International -- which owns 60% of Telecel Zimbabwe -- through its subsidiary operation Global Telecom Holding. That unit has entered a deal with ZARNet to transfer its interest in Telecel International for $40M.
    • ZARNet, wholly owned by Zimbabwe's government, will take over the Telecel stake after customary closing.
    • Previously: VimpelCom -7.3% as one-time items drive billion-dollar loss (Nov. 06 2015)
    | Nov. 18, 2015, 10:09 AM
  • Nov. 11, 2015, 1:56 PM
    | Nov. 11, 2015, 1:56 PM
  • Nov. 9, 2015, 3:43 PM
    | Nov. 9, 2015, 3:43 PM
  • Nov. 6, 2015, 10:18 AM
    • VimpelCom (NASDAQ:VIP) is off 7.3% after a $900M provision for multiple regulatory investigations pushed it to a billion-dollar loss for the third quarter.
    • The company noted exceptional items of $1.196B total, including that provision. Excluding that, it said, underlying profit came to $191M.
    • VimpelCom said it would set aside the funds as U.S. and Dutch authorities examined the company's business dealings in Uzbekistan as part of a corruption probe.
    • Revenue fell 31% to $2.44B though it said organic growth -- excluding foreign exchange, disposals, mergers, acquisitions -- was up 2% Y/Y. It's reclassified its Italy business as asset held for sale pending the merger of its Wind Telecomunicazioni with Three Italia.
    • It reaffirmed key targets for 2015 (including service revenue flat to low-single-digit organic decline, and underlying EBITDA margin flat to -1 percentage point organically)
    • Previously: Former VimpelCom CEO Lunder in custody amid Uzbek corruption probe (Nov. 05 2015)
    • Previously: U.S. telecom probe seeking to seize $1B in European assets (Aug. 13 2015)
    | Nov. 6, 2015, 10:18 AM
  • Nov. 6, 2015, 9:19 AM
    • VimpelCom (NASDAQ:VIP) declares $0.035/ADS dividend.
    • Payable Dec. 7; for shareholders of record Nov. 23; ex-div Nov. 19.
    | Nov. 6, 2015, 9:19 AM
Company Description
VimpelCom Ltd. is an integrated telecommunications service operator. The company provides voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria,... More
Sector: Technology
Industry: Wireless Communications
Country: Russia