Management believes it can extract more than $2.5 billion in synergies from the Wind merger. The scale improvements and network integrations should open the door for bundling and upselling opportunities.
The firm's FTTB operations have yielded encouraging trends. In Ukraine, the firm is the fastest-growing broadband carrier and plans to be the number-one alternative operator in the country.
The firm's margin improvements in its key markets has been impressive. There has been a renewed focus on operational efficiency across the firm, and it has started to bear fruit. Read more
VIP has underinvested in its Russian network infrastructure over the last few years. MTS has thus built an edge in network quality.
The decline in oil prices and and currencies, particularly the Russian rouble and Ukrainian hyrvnia, have exacerbated weakness in the Russian economy from being hit by Western sanctions.
In early 2014, the firm was forced to cut its dividend by more than 50% to free up cash flow so it could lower its debt load. After its first-quarter results, management lowered its full-year guidance for revenue and EBITDA. Read more
Alexey Reznikovich is chairman of the supervisory board. He is also CEO of LetterOne Telecom and previously CEO of Altimo, which is VimpelCom's largest shareholder. After several stints as CEO, Jo Lunder has decided to step down. He will be replaced Read more
VimpelCom is one of the world's largest groups of integrated telecommunications carriers, offering a wide range of wireless, fixed, and broadband services throughout Russia, Read more
Friday Five: Companies in Transition at Midyear Watch more