VimpelCom’s revenue under IFRS in 2021 grew by 5.9%, to RUB 290.7 billion.

Consolidated revenue of Veon Ltd. in Russia (owns Vimpelcom, which provides services under the Beeline brand) according to international financial reporting standards (IFRS) increased by 5.9% in 2021 compared to 2020 and reached 290.7 billion rubles. according to the company’s report.

The company’s EBITDA in Russia for 2021 increased by 0.8% to RUB 108.6 billion.
Vimpelcom’s IFRS revenue in the fourth quarter of 2021 increased by 7.7% and reached RUB 77.5 billion. The company’s EBITDA for October – December last year increased by 4.3% compared to the same period a year earlier, to 27.3 billion rubles.
Also in the fourth quarter of 2021, the number of 4G subscribers grew by 12.8% compared to the same period of the previous year, and the 4G subscriber base reached 25.5 million people. “As a result, this ensured an increase in average revenue per subscriber by 6.2% compared to the previous year, as well as an expansion of the coverage of Beeline 4G networks to 54.8%, which is 7 p.p. higher than in the fourth quarter of 2020 years,” the statement said.

Steve Walker

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