Saturday, 21 July 2018

VimpelCom Q2 service revenue slips, full-year to come in at low end of guidance

By Mary Lennighan, Total Telecom
Thursday 04 August 16

Telco troubled by forex issues, competitive climate in Russia; confident of securing European Commission OK for Italy deal.

VimpelCom on Thursday said service revenue and earnings for the full year would come in at the low end of its guidance, after its second-quarter numbers showed some weaknesses. The telco said its results for the first half of 2016 were in line with expectations, despite weaker service revenue trends in Q2. The company posted group revenue of US$2.16 billion in Q2, down by 16% year-on-year and a slide of just 0…

VimpelCom on Thursday said service revenue and earnings for the full year would come in at the low end of its guidance, after its second-quarter numbers showed some weaknesses. The telco said its results for the first half of 2016 were in line with expectations, despite weaker service revenue trends in Q2. The company posted group revenue of US$2.16 billion in Q2, down by 16% year-on-year and a slide of just 0…

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