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VimpelCom has invested over $350 million in Armenia, Bobby Leach say

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  • VimpelCom has invested over $350 million in Armenia, Bobby Leach say

    VimpelCom has invested over $350 million in Armenia, Bobby Leach says

    by Erik Abrahamyan
    Saturday, May 31, 12:07


    Over the past 8 years (from 2006 through Q1 2014), VimpelCom invested
    over $350 million in Armenia, Mr. Bobby Leach, Director for Group
    Communications at Vimpelcom, has told ArmInfo. Mr. Leach says that
    VimpelCom will keep on investing in the market but he does not specify
    the amount.

    When asked about the Beeline Armenia brand as compared with the other
    brands in VimpelCom, Leach stresses that Beeline is a quite strong
    brand and has rather firm positions in all the host countries. As
    regards Beeline Armenia, he says that he was very much impressed after
    his visit to one of the Beeline service offices in Armenia. He even
    says that he has not seen such offices in other host countries.

    When asked whether VimpelCom is raising its position on the list of
    the telecommunication operators around the globe, Mr. Leach replies
    that VimpelCom is among the top 10 operators (6th position). He
    emphasizes that VimpelCom does not set itself a goal to become company
    number one in sales or other parameters. The company seeks to become a
    leader by its high-quality services. For instance, in Italy, where
    VimpelCom is represented by the Wind brand, the company is the third
    operator, however, over the past three years the company has quarterly
    been pushing aside the competitors. VimpelCom's achievements are the
    result of the fact that its services meet the subscribers' needs in
    terms of quality and diversity. Moreover, the company focuses its
    efforts on constant enhancement of the service quality.

    According to VimpelCom's consolidated report for 2013, the total
    operating revenue exceeded $22.5 bln, capital expenditures amounted to
    $4.3 bln, EBITDA margin made up 36.6%. In Q1 2014, the total operating
    revenue amounted to $5 bln, capital expenditures - $736 mln, EBITDA
    margin - 41.6%. As of late 2013, VimpelCom Group had 220 mln
    subscribers, with 26% of them in Russia, over 17% - in Pakistan, 13% -
    in Bangladesh, over 10% - in Italy, about 12% - in Ukraine, 0.3% in
    Canada, 0.3% in Armenia.

    In 2013 the total operating revenue of Beeline Armenia amounted to
    $145 mln, capital expenditures - $11 mln, EBITDA margin - 39.4%. The
    operating revenue in mobile services totaled $64 mln, with that in
    fixed services amounting to $81 mln. In Q1 2014, the operating revenue
    of Beeline Armenia amounted to $33 mln, capital expenditures - $1 mln,
    and EBITDA margin - 36.6%. In Q1 2014, the operating revenue in mobile
    services totaled $14 mln, with that in fixed services amounting to $19
    mln. As of late 2013, Beeline Armenia had 694 thsd subscribers. In Q1
    2014, the number of the subscribers rose to 699 thsd.
    To note, ArmenTel CJSC (Beeline brand) is a member of VimpelCom Group.
    VimpelCom is one of the world's largest integrated telecommunications
    services operators providing 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, Bangladesh, Pakistan, Burundi, Zimbabwe,
    Central African Republic and Canada. VimpelCom's operations around the
    globe cover territory with a total population of approximately 782
    million people. VimpelCom provides services under the "Beeline",
    "Kyivstar", "Wind", "Infostrada" "Mobilink", "Leo", "banglalink",
    "Telecel", and "Djezzy" brands.


    http://www.arminfo.am/index.cfm?objectid=4D71B7C0-E89B-11E3-94920EB7C0D21663

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