Mon, Mar. 2, 10:53 AM
- VimpelCom (NASDAQ:VIP) will repurchase up to $2.1B in eurobonds from the open market.
- In its earnings report last week, the Russian telecom provider reported gross debt of $26.4B, and a gross debt / LTM EBITDA ratio of 3.3.
- The company has about $6.6B in cash.
- Shares have recovered some from the open, down 0.9%.
- Earlier: VimpelCom unit sells most of towers business to Abertis (Mar. 02 2015)
Mon, Mar. 2, 8:27 AM
- As expected, VimpelCom (NASDAQ:VIP) unit Wind Telecomunicazioni reached a deal to sell 90% of its Galata towers business to Spain's Abertis (OTCPK:ABRTY), for €693M in cash (about $778M).
- The transaction is expected to close in Q1.
- Wind will enter into a 15-year deal to provide services on the sites and eventual sites build by Galata hosting its equipment.
- Premarket, VIP -1.5%.
Fri, Feb. 27, 7:31 PM
- Wind Telecomunicazioni -- the Italian unit of Russian telecom VimpelCom (NASDAQ:VIP) -- may be selling its wireless towers to Spain's Abertis Infraestructuras (OTCPK:ABRTY) as soon as the coming week.
- The companies are talking about 6,000 towers that Wind values at as much as €700M ($786M), though other observers peg the value even higher, at €800M ($914M).
- An additional 1,700 towers under discussion could easily boost the deal to that latter figure or even to €900M ($1B).
- Abertis -- chiefly in toll-road management -- is reportedly considering transferring the towers into a unit to be listed on the Madrid exchange, in order to get more cash to shareholders.
- The Spanish firm is winning the deal over competition from American Tower (NYSE:AMT), Mediaset's (OTCPK:MDIUY) EI Towers and a coalition of investment fund F2i SGR and Providence Equity Partners.
- Shares of VimpelCom closed the day up 4.8%; they tracked lower in after-hours trading, -1.5%.
Wed, Feb. 25, 8:26 AM
- VimpelCom's (NASDAQ:VIP) Q4 revenue came in slightly to the upside of expectations at $4.39B, but the firm was hit by currency headwinds in posting a net loss of $0.53/share and a net loss of $691M for the year.
- EBITDA off $1.6B was about 7% off of expectations and down organically 8%.
- "We expect the operating environment to remain difficult in 2015, however I am confident that we have the right strategy to deliver on our targets," says CEO Jo Lunder.
- Facing the effects on the ruble and Ukraine's hryvnia, the firm will switch to negotiating vendor contracts in dollars.
- For 2015, the company expects service revenue to be anywhere from flat to a low-single-digit organic decline, and EBITDA flat to -1%. EPS is expected to come in at $0.35-$0.40.
- VimpelCom had announced an agreement with MTS (NYSE:MBT) to jointly plan, develop and operate 4G/LTE networks in Russia over the next few years.
- Press release
Wed, Feb. 25, 5:31 AM
Tue, Feb. 24, 10:50 AM
- Units that are part of Russian mobile firms VimpelCom (NASDAQ:VIP) and Mobile TeleSystems (NYSE:MBT) have joined Turkcell (NYSE:TKC) in winning 3G licenses in Ukraine.
- The Russian firms protected some market position despite a signal from Ukraine that it would favor non-Russian firms in an effort to break up their dominance. VimpelCom's Kyivstar is the biggest carrier in the country, with 42% share.
- The companies praised the transparency of the auction process.
- In current trading: MBT +3.5%; VIP -1%; TKC -0.4%.
- Previously: Turkcell unit wins 3G spectrum in Ukraine (Feb. 23 2015)
Mon, Feb. 23, 11:09 AM
- Yandex (YNDX -4.6%), Qiwi (QIWI -8.2%), VimpelCom (VIP -5.7%), and MTS (MBT -7.9%) are seeing fresh selling pressure after Moody's joined S&P in downgrading Russia's debt rating to junk, and the U.S. and U.K. raised the prospect of fresh Ukraine-related sanctions.
- Yandex is now down 3% from where it traded before providing better-than-feared Q4 results and Q1 guidance last Wednesday. Qiwi hasn't yet posted its Q4 report.
Tue, Feb. 17, 6:49 PM
- Goldman Sachs upgraded Turkish telecom Turkcell Iletisim Hizmetleri (NYSE:TKC) to Buy, from its previous rating of Neutral.
- Its move (along with Citi's price target hike) is a rare bit of analyst sunshine after shares faced downgrades the past few months.
- The stock continues to be responsive to ruble moves; today shares were down 1.7% despite Goldman's upgrade, as today the ruble slipped to 63.41/dollar.
- The company cited currency losses from its operations in Ukraine and Belarus in explaining net income that dropped by half.
- Other ruble-related telecoms: (VIP -2.6%), (MBT -2.7%)
Tue, Feb. 17, 10:02 AM
- Talks are gaining steam between Hutchison Whampoa and VimpelCom (NASDAQ:VIP) to merge their Italian wireless operations.
- There's no deal yet but a source says Hutchison's smaller 3 Italia (No. 4 of four competitors) would buy Wind Telecomunicazioni, VimpelCom's unit, in order to challenge market leader Telecom Italia (NYSE:TI).
- Il Giornale says managers for the two firms were meeting in London and a deal could be announced as soon as today.
- VIP currently -6.3%; MBT -3.4%, TKC -1.7% as the ruble sits at 63.14/dollar.
Mon, Feb. 9, 8:30 AM
- VimpelCom (NASDAQ:VIP) is adding Rozzyn Boy as Chief Communications Officer and as a member of the Group's Management Board.
- Boy comes from Tata Communications. CEO Jo Lunder says Boy's experience will help as VIP transforms business to "maximize the digital opportunity" across the company.
- After its rough ruble ride of the past year (down 55.2%), VimpelCom is up 9.8% over the past month.
Thu, Feb. 5, 12:14 PM
- Mobile TeleSystems (NYSE:MBT) is having another volatile day, up 12.3% now after analysts at Macquarie upgrade the stock to Neutral from Underperform.
- The shares also got an upgrade last week from Deutsche Bank, who raise the stock to Buy from Hold and raised price target to $12.70, from $9.00. MBT's currently trading at $9.77.
- MBT -- and Russian peer VimpelCom (VIP +6.9%) -- have been very sensitive to trading of the ruble, which is up slightly today at 66.65/dollar.
Tue, Feb. 3, 3:40 PM
- Another ruble gain, another up day for ruble-related telecoms as VimpelCom (VIP +12.1%), Mobile Telesystems (MBT +11.6%) and MiMES Rostelekom (OTCQX:ROSYY +3.5%) are all up strongly.
- The ruble gained to 65.22/dollar and the telecom firms have been heavily sensitive to the currency, all down more than 44% over the past year.
Mon, Feb. 2, 11:30 AM
- With the ruble gaining a bit of strength against the dollar (trading back around 68.8), telecoms with exposure to the currency are rising again.
- VimpelCom (NASDAQ:VIP) is having a field day, up 11.9%; Mobile TeleSystems (NYSE:MBT) up 5.2%; MiMES Rostelekom (OTCQX:ROSYY) up a bit at +0.3%; Turkcell (NYSE:TKC) up 1.7%.
- News of VimpelCom wrapping a $2.6B sale of its interest in Djezzy is still making the rounds. The firm was downgraded by Deutsche Bank on Thursday.
Fri, Jan. 30, 12:52 PM
- VimpelCom (NASDAQ:VIP) subsidiary Global Telecom Holding closed out its sale of a majority interest in Omnium Telecom Algeria, drawing $2.6B from the Algerian National Investment Fund.
- GTH will continue to hold operational control over the Algerian telecom, creating a public-private partnership.
- The deal makes room for VimpelCom pay down some gross debt and settles disputes the company filed against Algeria, following the payment of a $1.1B fine.
- VIP Shares are up 3.2%, swimming against the tide of ruble-relevant telecoms suffering today in the aftermath of a Russian interest-rate cut.
Fri, Jan. 30, 9:12 AM| 4 Comments
Thu, Jan. 29, 12:10 PM
- VimpelCom (NASDAQ:VIP) is off 1.5% in the wake of a Deutsche Bank downgrade to Hold from Buy.
- Deutsche lowered its price target on the stock to $4.10 from $6.70. Shares currently trade at $3.39.
- One of many Russia-related stocks pounded by the plunging ruble, VIP is down 58% over the past six months.
- Previously: YNDX, QIWI, VIP, MBT sell off (again) after ruble drops (again) (Jan. 26 2015)
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