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Ambassador Mills says fighting corruption is not just a point in the list of contemplated actions that can be marked as done

Nouvelles d`Armenie: French government presents text of draft law criminalizing denial of Armenian Genocide

Former US ambassador to be included in black list of Azerbaijani Foreign Ministry for his visit to Artsakh

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Rostelecom discussed with Armenian radio companies possibilities of using modern technological solutions in radio broadcasting

Orientalist: German Bundestag's recognition of the Armenian Genocide is logical continuation of Pope Francis' statement during the mass in 2015

Seyran Ohanyan: Army leadership knows what and where to plan

MP: Ratification of agreement on Joint Air Defense will affect Armenia's independence

Russian Ministry of Emergency Situations to evacuate Armenian citizens trapped on Upper Lars checkpoint

Naira Zohrabyan. Joint Air Defense system will upgrade security of Armenia's airspace

Batu Kutelia: Warsaw Summit will give definite political and military answers to Russia’s attempted aggressive revisionism

Azerbaijani armed forces use DShK heavy machine gun on Line of Contact

Foreign Ministry: There are no citizens of Armenia among victims of explosion at Istanbul airport

Eduard Sharmazanov: Russia and Turkey will remain rivals and competitors

Zakharova about Karabakh peace process: There are issues that should be hushed up

Naira Zohrabyan to Serzh Sargsyan: Prosperous Armenia Party will win in upcoming parliamentary elections

Masis Mailyan : Baku intends to continue its "military diplomacy" with impunity

Deputy minister: Creation of a joint air defense system with Russia will only strengthen combat ability of Armenian armed forces

South Caucasus Railway CJSC sets car to auction

Beeline improves Smart tariff plans

Armenian political forces express different opinions about influence of possible Moscow-Ankara normalization on Armenia

Areximbank-Gazprombank Group offers 50% discount for renting safe deposits boxes during summer holidays

Sergey Lavrov to travel to Yerevan

Ban Ki-moon: UN concerned over violations of ceasefire in Karbakh conflict zone

Defense sure Zhirayr Sefulyan's arrest is a political order

Sharmazanov explains Serzh Sargsyan's interview: If Armenia's citizens are reluctant to vote for RPA, no one will make them do it

Rostelecom holds two seminars on sidelines of Hartak Festival

Paul Stronski: Yerevan’s security alliance with Moscow will not impede Armenia’s good ties with NATO

Armenian President: Armenia expects wider recognition of Genocide after German vote and pope's remarks

Nikol Pashinyan: Consensus on Electoral Code is ridiculous

Turkey's foreign ministry reacts to Pope Francis' visit to Armenia

By beginning of tourism season Areximbank-Gazprombank Group offers significant discounts of premium class chip cards

Geoteam CJSC is sure that mining industry is compatible with agriculture and small business

UNICEF Armenia launches a breast feeding campaign in Armenia

Activist hits parliamentarian Hrant Bagratyan during picket in front of Parliament against Joint Air Defense system with Russia

Ankara: Turkey wants speedy settlement of Nagorno-Karabakh conflict, which will meet all requirements of Azerbaijan

Turkologist: Ankara has used up all its possibilities to deny Armenian Genocide

Heritage Party: Joint Air Defense with Russia is an attempt to surrender the last elements of Armenia's sovereignty

David Harutyunyan: Next conference of donors will take place in Yerevan on June 29

Frank-Walter Steinmeier to travel to Armenia on June 29

Armenians and Azerbaijanis should take efforts towards peace, Pope Francis says

Opposition MP condemns political persecution against Zhirayr Sefilyan

Ancient Armenian city Ani may become UNESCO World Heritage Site

Tickets for Russian trains can be acquired at Yerevan railway station

"We Are the Owners of Our Country" initiative picketing Parliament building opposing ratification of agreement on joint air defense system with Russia

Pope Francis: "I am happy to have visited Armenia"

Sharmazanov: OSCE MG should react very strongly to Aliyev's refusal to implement arrangements made in Vienna and St. Petersburg

Pope Francis leaves Armenia ending his pastoral visit

Pope Francis and Catholicos of All Armenians visit Khor Virap Monastery at the foot of Ararat and launch doves of peace

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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