Upcoming AWS Coverage on Turkcell Iletisim Hizmetleri Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 21, 2017 / Active Wall St. blog coverage looks at the headline from telecom services provider Vimpelcom Ltd. (NASDAQ: VIP) as the Company announced on February 17, 2017, that it had signed a new Multi-Currency Term Loan and Revolving Facilities (TL/RF) for approximately $2.25 billion for its subsidiary VimpelCom Holdings B.V. (VIP Holdings). Several International Banks have committed to providing the TL/RF. Register with us now for your free membership and blog access at:

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One of Vimpelcom's competitors within the Wireless Communications space, Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC), reported on February 15, 2017, its Q4 and full year 2016 results. AWS will be initiating a research report on Turkcell Iletisim Hizmetleri in the coming days.

Today, AWS is promoting its blog coverage on VIP; touching on TKC. Get all of our free blog coverage and more by clicking on the links below:

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VimpelCom is one of the world's largest integrated telecoms service operators that provide voice, fixed broadband, data, and digital services. VimpelCom is headquartered in Amsterdam, the Netherlands, and it operates in 13 markets including Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia, and Laos. VimpelCom operates under the brands "Beeline", "Djezzy", "Jazz", "Kyivstar" and "banglalink". Currently, the Company has over 235 million customers.

The Term Loan / Revolving Facility

The Company's current credit facility is in-lieu of the TL/RF of $1.8 billion that had been previously taken in 2014. The various International Banks have committed to $2.108 billion TL/RF with the option to increase it up to $2.25 billion.

The $2.25 billion is divided into term loan of $562.5 million and revolving credit facility of $1.68 billion. The term loan is for a period of five years. The revolving facility has been sanctioned for a period of three years with VIP Holdings having the right to request for two one-year extensions, subject to the lenders' approval. VIP also has the option to make the drawdown in either US dollars or in Euros.

Commenting on the TL/RF from the International Banks, Andrew Davies, CFO of VimpelCom said:

"The agreement to enter into new multi-currency term and revolving facilities is part of VimpelCom's strategy to centralize and improve the structure of the Group's financing and we are pleased with the strong commitment we received from several of our major international relationship banks. These new instruments support the Group's liquidity profile and provide the Group with greater financial flexibility."

Organisation Restructuring and Investments in Infrastructure and Technology

At the start of the year in 2016, the global telecom and digital services provider had revealed its plans to take a leadership position in the digital technology and communications industry. With this goal in mind, VimpelCom set out to restructure its entire organisation and globalizing and simplifying its Group-wide processes. It adopted strong governance and compliance model across the organization so that the Company met with highest international standards. To this end the Company took the M&A route for growth and also divested businesses where necessary. In November 2016, VimpelCom and CK Hutchison Holdings Ltd. merged their respective businesses in Italy, Wind Telecomunicazioni and 3 Italia after securing approval from the European Commission. In July 2016, VimpelCom completed the merger of Mobilink with Warid Telecom in Pakistan. In the end of November 2016, VimpelCom sold off its stake in Telecel International Ltd. via its subsidiary, Global Telecom Holding S.A.E. to ZARNet (Private) Limited in Zimbabwe.

Apart from this, the Company has made investment and changes in its use of technology to strengthen its infrastructure and offer better services to its customers. In February 2016, VimpelCom took the assistance of ZTE Corporation an international provider of telecommunications technology solutions, to build complete virtual network infrastructure providing 4G, 3G, and 2G mobile data services in Uzbekistan, Armenia, Tajikistan, Kyrgyzstan, and Laos. In June 2016, VimpelCom partnered with Ericsson to completely overhaul VimpelCom's IT infrastructure across 11 countries and 12 time zones. The deal worth over $1 billion aimed to help VimpelCom digitalize and globalize its Business Support Systems (BSS) infrastructure using Ericsson's new software and cloud technologies. In September 2016, VimpelCom partnered with Cisco Jasper to take advantage of commercial opportunities internationally in the business-to-business segment. The partnership will help VimpelCom's business customers to implement, manage, and monetize Machine to Machine (M2M) / Internet of Things (IoT) services through seamless device connectivity using Cisco Jasper Control Center platform.

Stock Performance

At the closing bell, on Friday, February 17, 2017, Vimpelcom's stock slightly slipped 0.70%, ending the trading session at $4.27. A total volume of 2.15 million shares were traded at the end of the day. In the last three months and previous twelve months, shares of the Company have rallied 28.61% and 18.23%, respectively. Moreover, the stock surged 10.91% since the start of the year. The stock has a dividend yield of 0.82% and a market capital of $7.55 billion.

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SOURCE: Active Wall Street