Newsfeed

Minister promises fair and mutually acceptable decision on the law "On temporary incapacity for work"

Naira Zohrabyan suggests inquiring into financial frauds by wife of ex Finance Minister

New opposition four to start drawing out alterations to Electoral Code

Newspaper: New scandal brewing around funded pension in Armenia

Brazilian Film 'Boy and the World' animated film - winner of Armenian Animation Festival ReAnimania

Galust Sahakyan: EEU is an effective platform for resolving of many problems against the background of global economic crisis and political tension

Mobile Radio available for Beeline subscribers

Yerevan: Issue of the sale of Russian military hardware to Azerbaijan is always on agenda of Armenian- Russian relations

Political expert: Ukrainian crisis is re-occurrence of conflicts of early 1990s and 08.08.08 war

View from Yerevan: Ukraine and its two regions are like a suitcase without a handle

Armenia's Deputy FM: As long as Azerbaijan continues to be non-constructive, there will be no progress in Nagorno- Karabakh peace talks

Till Dec 31 2014 Ameriabank will offer 1% bonus for mortgage loan transferred from another bank

AmCham elects Tigran Jrbashyan as its President

Owner of Old Erivan Holding: From moral point of view, my letter to the President is the last step in my fight against Unibank

Expert: Oligarchs and corruption are an even bigger threat for Armenia's national security than Turkey and Azerbaijan combined

Gevorg Kostanyan: The Shant Harutyunyan case is not politically charged

ProCredit Bank reopens renovated Artashat branch

Sharmazanov: In today's interview Gagik Tsarukyan repeated its speech at Oct 24 rally but in an easily defined form

Nikolay Ryzhkov: Nagorno-Karabakh may join EAEU after its final status is determined

Prices for meat products may grow in Armenia

Ardshininvestbank reopens its new and reconstructed Shengavit Branch

Prosperous Armenia Party has not yet determined its position regarding Armenia's joining Eurasian Economic Union

Elmar Mammadyarov: Azerbaijan is ready to start the work on the project of a great peace treaty

Azerbaijani diversionists blame their liquidated comrade Hasan Hasanov for murdering Karabakh civilian

Armen Gevorgyan appointed Head of IDeA Foundation

ArmSwissbank and Management Mix intend to set up an investment management company

Winners of "Open Game 2014" Championship of Computer and Mobile Games already announced

Ameriabank confidently strengthens its leading positions

VivaCell-MTS provides a diesel generator set to Ministry of Emergency Situations for uninterrupted operation of backup server

New garbage dump to be opened in Yerevan

The UK would not like Simferopol-Yerevan flights to be launched

Beeline and Edward Mirzoyan String Quartet announce extension of their cooperation.

Air Armenia suspends passenger operations

Head of Armenian CEC unaware of opposition's plans to organize snap parliamentary elections

Armenia's deputy finance minister does not rule out growth of prices after Armenia's joining Eurasian Economic Union

British and German Ambassadors hope Ankara will make a step towards normalization of relations with Armenia in future

David Harutyunyan: Bi polar political system is being formed in Armenia

Ukraine's Ambassador refutes reports on opening of Yerevan-Simferopol flight

Washington not commenting on Azerbaijani saboteurs' trial

Newspaper: Armenian National Congress and Heritage Party fail to persuade Leader of Prosperous Armenia Party to launch sit-down strike in Liberty Square

Edward Nalbandian says Sargsyan-Aliyev meeting in Paris was a step towards rapprochement of the two countries' positions

Analyst: There are no idiots in Russia today

Handset, tablet and internet modem repair and service center is now available in the Orange Flagship store

"Beeline Child Development Centers" opened in Ararat region of Armenia

Monitoring Report on the Agreement between EU and Armenia on Facilitation of Issuance of Visas presented in Yerevan

VivaCell-MTS implements the 6th draw "365"

Eduard Sharmazanov: It is impossible to speak of compromises if Baku rattles the sabre

Ivan Kukhta: 70% of citizens of Ukraine in Armenia supported the course of the president and government of Ukraine

Special Investigation Service of Armenia initiates criminal case regarding incident that occurred to ASALA veteran

Results of Sargsyan-Aliyev Paris meeting summed up

Exclusive

Ashot Manucharyan: It is very much dangerous and senseless to lead Russia to war readiness

Tigran Khzmalyan: Armenia has linked its Noah's Arc to Russia's sinking Titanik that is still selling tickets

Alexander Iskandaryan: Peace and war are the two things Russia does not need in the South Caucasus

Ariel Cohen: Putin may be compensating for reputational damage to Russia in the conflict in Ukraine by trying to resolve the Karabakh conflict

Hovhannes Igityan: Serzh Sargsyan’s geopolitical choice is an obstacle for investments in Armenia’s economy

Andrey Areshev: Russia wants to see Armenia as its strong and dynamically developing ally in the South Caucasus

Vahan Vardapetyan: October 10 will become the day of culmination of consolidation of the society around the Armenian centrist parties

Manvel Sargsyan: The myth of Russia's importance for Armenia is based on the formula "We will defend you"

Thomas De Waal: The society and power in Armenia and Azerbaijan are strongly linked by a vicious circle

Ukraine’s Ambassador to Armenia: The next phase of development of the Ukraine-EU relations may be only Ukraine's EU membership

Hakob Andreasyan: Current reforms are as important as those conducted in privatization period

Hakob Andreasyan: We try to ring-fence farmers from untypical risks

Giorgi Gvimradze: Russia's fate hangs in the balance in Ukraine

In NK peace, it is necessary to pay attention to other processes in Scotland and Catalonia

Armenia’s ex Defense Minister: We have enough options to advance to the north of Azerbaijan

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. 

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