VimpelCom Unveils 3-Year Targets
Russia-based mobile telecom provider VimpelCom revealed its three-year strategic goals at an investor conference this week. The company's ambitions include a compound annual growth rate in the mid-single digits for both revenue and EBITDA, a net debt-to-EBITDA ratio of below 2 by the end of 2015, and capital expenditures as a proportion of revenue below 15% over the same time frame.
Additionally, VimpelCom hopes to improve its cash flow from operations and finances to just under $3 billion in total by the end of the three-year period. That performance will need to leave space for the firm's goal of paying at least $0.80 per share in dividends both this year and next.
linkCEO Jo Lunder was quoted by the company as saying: "We will be a mobile-focused company with a selective presence in fixed-line aimed at delivering improved net cash from operating activities." The company provides service to some 212 million subscribers in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic, and Canada.
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