The former CEO of VimpelCom and Telekom Austria, Boris Nemsic, has gone back to his engineering roots, reappearing this week as chairman of the board of Cellwize, a Self Organizing Networks (SON) specialist.
A reclusive, 64 year old Japanese man was chased from his California home this week by rabid reporters, after a Newsweek article outed him as the mysterious Satoshi Nakamoto, creator of the Bitcoin protocol. The chase ended at a nearby sushi restaurant, where Nakamoto denied having anything to do with Bitcoin and just “wanted his free lunch”.
European operator group VimpelCom has posted a $1.4bn net loss as well as a two per cent decline in revenue for the full year 2013. The operator blamed the impact of regulation, market slowdown and non-cash impairments related to operations in Ukraine and Canada for the poor performance.
European operator group VimpelCom has selected infrastructure vendor NSN to supply equipment for its LTE radio access network in some regions of Russia. NSN has signed a five year deal covering central Russia, south Russia, Siberia and most of the Volga and Ural regions.
Canadian operator Wind Mobile has pulled out of the country’s 700MHz spectrum auction, due to a lack of internal support by key shareholder Vimpelcom.
Former CEO of telecoms trade association the GSMA Rob Conway has passed away, the trade body announced late Friday. He died on Thursday evening after a brief battle with an aggressive form of cancer.
European operator group VimpelCom has promoted its Russian chief to the group’s executive board; Anton Kudryashov will assume the role of chief group business development and portfolio officer from October 14, 2013.
Russian operator VimpelCom has poached the CFO of Verizon Wireless, Andrew Davies, and will install him as group CFO in January 2014.
It often feels as though the world is getting smaller – a side effect of the increasing density of human networks. The Informer is sure you’ve heard of a popular theory that most people in the world are connected to each other, and Kevin Bacon, by no more than six steps.
Two of Russia’s largest mobile operators have ceased selling iPhone devices in the country due to the extensive marketing and financial support demanded by Apple. Second and third placed MTS and Megafon have already stopped advertising the device on their online shopping portals.
The boards of the world’s ten largest operators are dominated by executives with legal, financial and engineering backgrounds, resulting in a conservative culture that “struggles to drive and nurture innovation”, according to recruitment consultancy European Leaders.
European operator VimpelCom has launched LTE services in Moscow. The firm’s LTE FDD services are now accessible within the central Sadovoye Ring area of the city. The operator expects LTE services to be available throughout the Russian capital by the end of 2013.
Operator group VimpelCom, now headquartered in Amsterdam, said that it has agreed to offload its entire stake in Cambodian operation Sotelco to local investment partner Huot Vanthan.
Russian operator group Altimo has made a bid to acquire all shares in Egyptian counterpart Orascom Telecom Holding (OTH). The firm made an offer via the Egyptian Stock Exchange, and OTH said it learned about the offer through a notice published by Egypt’s Financial Supervisory Authority (EFSA).
International operator group Vimpelcom, which is headquartered in Amsterdam, has posted stable earnings results for 2012. In the final quarter of the year, the group’s revenue rose three per cent year on year to reach $6bn, while net income stood at $801m. The firm posted a net loss of $381m in the same quarter of 2011.
This week the The Informer’s phone has been ringing off the hook with event invitations, gossip and briefing opportunities for Mobile World Congress; he’s been fielding more phone calls than Findus.
Russian operator VimpelCom has signed a five-year managed services contract with Ericsson. The Swedish vendor’s first major managed services contract in Russia sees it managing Vimpelcom’s network operations at more than 10,000 sites.
International operator VimpelCom and Russian operator Megafon have taken joint ownership of Russian handset retailer Euroset. Through its fully-owned Russian subsuduary, Vimpelcom has increased its stake in the retailer by 0.1 per cent to now own 50 per cent of the firm. The other 50 per cent has been acquired for $1.07bn by Lefbord Investments Limited, a company owned by MegaFon and Garsdale Services Investment.
The Russian government has decided to withdraw legal claims against Norwegian operator group Telenor, signaling an end to the long-running dispute over the ownership of affiliate firm VimpelCom. The move allows the international operator, headquartered in Amsterdam but of Russian extraction, to distribute dividends to investors including Russian conglomerate Altimo.
International operator Vimpelcom Ltd, the flagship operation of which is Russia’s third largest mobile operator, has reported a year on year increase of 185% for its Q3 profit. Despite group revenues for the quarter dropping 6 per cent year on year to $5.75bn, Vimpelcom’s profits leapt to $538m.