- Language: English
- Published: November 2012
- Region: Russia
Summary: Vimpel-Communications (JSC) Sep 10
- Published: September 2010
- Standard & Poors
The rating on Russian telecommunications operator Vimpel-Communications (JSC) (VimpelCom) reflects Standard & Poor's Ratings Services' view of the company's aggressive growth orientation, reduced financial flexibility, and intense competition in the Russian mobile telephony market. The rating is supported, in our view, by VimpelCom's sound market position, robust profitability, and strong cash generation. VimpelCom's revenue growth slowed in the first half of 2010, but revenues generated in Russia increased 4% in the second quarter. Although the market continues to recover gradually after a drop in 2009, VimpelCom's growth rate remains lower than that of peers'. We observe that VimpelCom's market share--as measured by subscribers--declined to 23.8% as of July 30, 2010, from 24.5% at the end of 2009. The growth in...
Companies mentioned in this report are: Vimpel-Communications (JSC),Telenor ASA
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Vimpel-Communications (JSC),Telenor ASA