Russia's second largest mobile operator Vimpelcom psts its Q3'08 revenues of $2.84 billion, up 45.3% since last year, driven by a strong subscriber base. OIBDA grew by 36.7% to $1.38 billion, giving a margin of 48.8%. Net income rose by 41.3% to $269 million. Capex doubled since 2007 to $692.9 million from $339 million. Vimpelcom's Russian operation's revenues rose by 46.8% in Q3'08 since last year to $2.4 billion. Revenues from the Beeline mobile operation rose 23.2% to $2.03 billion. OIBDA in the Russian mobile segment reached $1.2billion, a rise of 39.3% from 871 million in Q3'07. Vimpelcom, at the end of Q3'08 had a subscriber base of 45.09 million in Russia, generating ARPU of $15.2, up 19.5% from 2007.
Source: Wireless Federation.