We also achieved strong subscriber growth in the second quarter with an increase of 8% reaching 208 million mobile subscribers. The largest contribution came from Africa and Asia, but the Company also achieved strong growth in fixed and mobile broadband subscribers in Russia, in Italy and Ukraine.The company was able to deliver a solid performance in the second quarter despite a considerable negative impact from currency movements. Net income reached $488 million, almost a doubling of the last year and we delivered a solid cash flow with net cash from operating activities of $1.35 billion. In relation to the claim by FAS, the Russian Antimonopoly Service against Telenor and Weather II, we have no material updates today.
VimpelCom's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.