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Resignation Of Russian Telecom Regulator May Delay LTE Tenders

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04/16/2012 | 10:26am CET

Tenders for Long Term Evolution frequencies for Russian telecommunications operators may be delayed following the resignation of Igor Slyunyaev as governor of the Kostroma region.

Sergey Sitnikov, the head of Roskomnadzor, Russia's telecoms oversight regulator, has been appointed acting governor in his place. The regulator is responsible for organising the tenders.

Tenders from Mobile Telesystems (MBT), VimpelCom (>> VimpelCom Ltd (ADR)), MegaFon and Rostelecom (RTKM.RS) have already been delayed by several months, leaving companies such as Scartel and Osnova Telekom, which already have the frequencies, ahead of the game, industry experts say.

-By Moscow Bureau, Dow Jones Newswires; +7 495 232 9192

Stocks mentioned in the article : VimpelCom Ltd (ADR)
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Financials ($)
Sales 2017 9 596 M
EBIT 2017 1 617 M
Net income 2017 17,6 M
Debt 2017 8 274 M
Yield 2017 6,54%
P/E ratio 2017 97,24
P/E ratio 2018 9,43
EV / Sales 2017 1,58x
EV / Sales 2018 1,51x
Capitalization 6 879 M
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 5,26 $
Spread / Average Target 36%
EPS Revisions
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NameTitle
Jean-Yves Charlier Chief Executive Officer
Ursula M. Burns Chairman-Supervisory Board
Trond Ødegård Westlie Group Chief Financial Officer
Yogesh Sanjeev Malik Group Chief Technology Officer
Mikhail Maratovich Fridman Member-Supervisory Board
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