VimpelCom Capex (capital expenditure) reached $791 million in the second quarter of 2013.
The telecom operator invested for rolling out of mobile networks in Russia, Bangladesh and CIS.
Capex was also utilized for rolling out HSPA+ and in backbone capacity to support growth in data in Italy.
In Q2 2013, VimpelCom Capex to revenues stood at 17 percent.
VimpelCom Capex for 2013 will be approximately 20 percent of revenue. This is mainly due to catch-up investments in Russia and potentially in Algeria.
As part of its strategy to win in mobile data, VimpelCom launched 4G LTE in Moscow in May.
VimpelCom’s Q2 revenue rose 1 percent to $5.7 billion. Its revenues were significantly impacted by the 72 percent MTR cut in Italy.
Its total mobile subscriber base increased 5 percent to 215 million.
Net income increased 17 percent to $573 million.
Mobile data revenue
Mobile data revenue growth was up in Russia and Italy at 37 percent.
Mobile broadband subscribers in Russia increased 10 percent to 2.7 million, while the fixed broadband subscriber base increased 4 percent to 2.3 million.
Mobile Internet revenues in Italy increased 37 percent and fixed broadband revenues increased 9 percent.
