Vimpelcom aims to increase cashflow by $2.9 billion for 2013-2015

 Vimpelcom, the parent company of Telenor and Orascom in Pakistan and a service provider for over 209 million subscribers via its subsidiaries worldwide (as of March 31, 2012), aims to increase cashflow by $2.9 billion over the next three years in various emerging markets. Reuters claims Vimpelcom’s operational cashflow to be around $5 billion in 2012. As Vimpelcom states, it intends to generate an increase in the annual cashflow by outsourcing its services, optimizing the workflow and possibly downsizing the human resource. With the data generation inbound, the company claims to increase $2 billion from operations and about $900 million from financial improvements by the year 2015. Vimpelcom also hopes to secure the deal with the Algerian government for “Djezzy” which it acquired as a part of the partnership deal with Orascom which is expected to further increase revenue. Vimpelcom’s stocks increased by 4.4% as a result of announcement of the 2013-2015 strategy at the Analyst & Investor Day 2013.