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Beeline launches an upgraded landline network upgraded with wireless technology and 450 MHz

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Rostelecom Armenia summed up results of the 1st round of annual "Technology for Life -More Opportunities" contest

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Transport ministry: Gagik Beglaryan has no bodyguards and he is not implicated in beating of people

Aim of OSCE MG Co-Chairs is to lay groundwork for negotiations that can lead to a comprehensive settlement, Warlick

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Vladimir Yevseyev: Updated Madrid Principles will not be implemented until the armed conflict is frozen

Mass Media: Bodyguards of Transport Minister detained under case over beating of businessman's son Sergey Abovyan

Stepanakert: The territories the Armenian side lost in April were mostly part of the buffer zone around Nagorno Karabakh

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PACE Co-rapporteurs: Those responsible for atrocities in Karabakh conflict zone should be held fully accountable

Expenses of Armenian President's Administration up 10% in 2015

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Serzh Sargsyan and Seyran Ohanyan to discuss Karabakh problem in presidential residence tonight

Two-fold growth of loan restructuring applications registered in VTB Bank (Armenia)

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Ex-president of Armenia included in list of candidates for election to the new Board of Directors of JSFC Sistema

Mammadyarov: Status quo in Karabakh conflict may lead to severe military clashes

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Armenian President attends ceremony of unveiling of Memorial to Marshal Hamazasp Babajanian

Bostanjyan calls for reducing all expenses having no crucial significance to state

OSCE PA Special Representative for South Caucasus arrives in Armenia

Seyran Ohanyan: Territories lost during April war were part of Artsakh

Armenian Defense Ministry responds to media reports about dismissal of commander of Mataghis regiment

Greek Defense Minister: Nagorno Karabakh conflict should be settled exclusively through peaceful means

Armenia and China discuss issue to boost cooperation

Baku trying to shift responsibility for April flare up in Karabakh onto Armenian side

Azerbaijani armed forces fire at Azerbaijani-Armenian border

Regional

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

  • by Erik Abrahamyan

  • Saturday, May 31, 17:07

 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. 

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