Morningstar Rating

Stock Research and Analysis

by Imari Love

Bulls Say

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 

Bears Say

VIP has underinvested in its Russian network infrastructure over the last few years. MTS has thus built an edge in network quality. VIP plans to heighten its capital intensity, but it will be hard to close the gap.
Due in part to its focus on global expansion, VimpelCom has fallen to third place, behind MegaFon, in its home market in terms of both subscriber and revenue market share.
The uncertainty surrounding Djezzy, the firm's Algerian asset, and the valuation it will receive from Algeria's Ministry of Finance is a swing factor for how the market values VimpelCom's share price. Read more 


Chairman Jo Lunder was named CEO in May 2011 when Alexander Izosimov stepped down. Lunder held the same role numerous times in the past and is intimately familiar with the firm's corporate structure and core competencies. The headquarters have moved   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 

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