Bloomberg News

VimpelCom Swings to Net Loss of $386 Million in Fourth Quarter

March 13, 2012

VimpelCom Ltd. (VIP) said it swung to a net loss in the fourth quarter because of non-cash items and increased interest expenses after the Russian mobile operator bought Wind Telecom SpA last year.

The company reported a net loss of $386 million compared with net income of $461 million in the fourth quarter of 2010, VimpelCom said today in a statement.

Pro forma sales rose about 4.3 percent to $5.88 billion, VimpelCom said.

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net


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