VimpelCom Declines Most Since 2012 After Omitting Dividend
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VimpelCom Ltd., the wireless carrier controlled by Russian billionaire Mikhail Fridman, fell the most since 2012 after omitting a final dividend for 2013 and saying future payouts will be lower.
Shares of VimpelCom dropped 13 percent to $10.14, the biggest slide since May 2012. The company, which operates in 15 countries, posted declines in third-quarter revenue and earnings as sales fell in Russia, Africa and Asia. The Amsterdam-based company’s stock surged 23 percent last year.