Newsfeed

VTB Bank (Armenia) among top 3 Armenian banks by amount of taxes paid in Q1 2016

Armenian Defense Ministry on possible provocations on May 9: One should be vigilant - the situation may escalate at any moment

In 2015 Anelik Bank increased personal time deposits by 16% amid 20% growth in retail lending

Aliyev gives an award to murderer of Armenian soldier Kyaram Sloyan

Ashotyan: Armenia pins no hopes on allies within CSTO

Yerevan: Baku is preparing ground for new military actions

Azerbaijani side pulling more forces and military hardware to its positions along Line of Contact: NKR Defense Army

Beeline Subscribers buying Micromax Bolt D320 smartphones to get a subscription to Smart 1500 tariff plan and 5GB internet

Commanders of volunteer platoons call on fresh forces to join them on frontline in Nagorno Karabakh

Serviceman Sargis Gasparyan died in Stepanakert on May 2 night

Zardusht Alizade: After Ukraine and Syria, Putin wants to play a peacekeeper’s role in Karabakh

Azerbaijani Armed Forces again shelling Armenian positions

Nagorno-Karabakh Defense Army: Adversary will receive response for its actions

Two servicemen of Nagorno-Karabakh Defense Army die in conflict zone

Hrant Bagratyan stresses the need to expand the scale of dismissals in Armenian Defense Ministry system

Head of EU Delegation to Armenia: Both Armenians and Azerbaijanis should prepare for peace

Parliamentary forces of Armenia ready to sign "gentleman's agreement" on excluding pre-election bribes

Mammadyarov to Sargsyan: Conditions put forward for resumption of negotiations undermine peace process on settlement

Azerbaijani FM: Russia has offered a phased solution to the Nagorno-Karabakh conflict

Zaruhi Postanjyan: Large-scale armed hostilities in Artsakh are yet to start

Armenian delegation comments on the ban on Artsakh flag at Eurovision Song Contest

UITE: 300 specialists and 50 companies in IT sector and engineering willing to contribute to development of Military Industrial Complex of Armenia

Sharmazanov to Mammadyarov: Baku will not succeed in its attempts to throw dust in eyes of international community

Armenian PR Association to establish with Beeline's support the first national PR award in Armenia

Areximbank-GPB Group staff members visit schools in Armavir region under My Finance Month-2016 project

Armenia's Parliament Vice Speaker: No negotiations are possible unless Azerbaijan stops violating ceasefire

U.S. Congresswoman Loretta Sanchez Calls for Leahy Law Investigation of Azerbaijani Abuses

Bako Sahakyan says Karabakh will cede no land and urges world community to reconsider its attitude towards aggressor

Bako Sahakyan: Karabakh conflict cannot be settled, unless Artsakh in involved in peace talks

Konstantin Kosachev: Turkey's stance on Karabakh encourages of one the sides to the conflict to continue it

Azerbaijan continues violating ceasefire arrangements

Armenian Defense Ministry registers 18 incidents on border with Azerbaijan

SCR: Number of railway casualties in Armenia keeps increasingly growing

Ankara hopes Karabakh conflict will be resolved with due regard for 'sovereignty' of Azerbaijan

Beeline extends functions of My Beeline Armenia application

Nikol Pashinyan: Opposition exaggerates Electoral Code's role in holding fair elections

France-Karabakh Circle of Friendship perplexed by lack of Paris' official reaction to Baku's explicit threats

Nagorno-Karabakh Defense Army presented evidences of rocket bombardment of Mataghis by Azerbaijani armed forces

Central Bank of Armenia approves merger agreement of ProCredit Bank and INECOBANK

Stratfor forecast: Military escalation will continue to be a possibility in Nagorno-Karabakh, with effects that reach far beyond the bounds of the small contested territory

EU supports peaceful resolution of Karabakh conflict, Malena Mard says

Azerbaijan's armed forces fire more than 240 rounds at Karabakh positions and target Mataghis populated area overnight

Armenia's Defense Ministry: Azerbaijan shells at state border with Armenia

U.S. Department of State: We have remained in contact with both governments and we need to see the peace process back up and running as soon as possible

Manvel Sargsyan: Armenia due to reconsider fundamentally its 20-year-long policy towards Russia

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. 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields