Russian service provider VimpelCom is considering splitting its fixed and mobile businesses, according to local reports.
Sources close to the company told Vedomosti that VimpelCom was looking at a split because the yields from the fixed and mobile arms were different, with the former characterised by low margins and intense competition. The only significant value-added service for the fixed business is IPTV, while mobile customers pay for a range of services.
The source said that the next step following a split could be a move to sell the fixed line business. However, the source said that no decision had been taken on this.
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20 June 2021 @ 13:38:00 UTC