Vimpelcom reports sales growth

29 May 2007

Vimpelcom, Russia’s second largest cellular operator in terms of subscribers, has reported net operating revenues of USD1.49 billion for the first three months of this year, up 59% from Q1 2006. OIBDA increased 58.8% to USD766.4 million, while net income reached USD277.3 million, up 84.6% year-on-year. At the end of March the group had 45.78 million subscribers across its operations in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia.

Russia, Beeline (Russia), VEON