21 November 2003 16:37
Russia - VimpelCom sees rise in 3rd-qtr 2003 profit
Vimpel-Communications (VimpelCom) (Russia), telecoms services provider, reports 3rd-qtr 2003 net profit which rose by
78% to USDlr72.2 mil, vs USDlr40.5 mil for the year-earlier period, on turnover which rose by 71% to USDlr379 mil. The
company claims an around 30% of the Russian mobile phone market with its Bee Line brand. The company's subscriber
base rose by 130% to 9.3 mil users in 3rd-qtr 2003. There were 32.3 mil mobile phone subscribers in Russia as of October
2003, vs 30.8 mil subscribers in September 2003, according to J'son + Partners (Moscow, Russia), consultancy.
Cellular penetration currently amounts to 22.3% of the population.
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