VimpelCom outlined its objectives for the 2013-2015 period, including cash flow improvements and annual dividend payments of at least $0.80 per common share between 2012 and 2014.

As part of its ‘Value Agenda,’ the Amsterdam-headquartered operator group is aiming for annual cash flow improvements of $2 billion from operations and of $0.6 billion to $0.9 billion from finance optimisation.

Other objectives include revenue and EBITDA compound annual growth rate of “around mid-single digit”, halving net debt as a percentage of EBITDA, and capital expenditure as a share of revenue of less than 15 percent, excluding licences.

VimpelCom CEO Jo Lunder said significant progress has been made following the announcement of the first Value Agenda in November 2011, which outlined the four main pillars of profitable growth, customer excellence, operational excellence and capital efficiency.

The group has achieved mid-single digit revenue and EBITDA growth and improvements to capex as a proportion of revenue. Lunder said this was down to “the successful execution of our strategy” at group level and at individual business units, including Russia, Italy, the Ukraine, Asia and Africa.

“Looking ahead as we enhance our Value Agenda for 2013-2015, our focus remains on delivering excellence to our 212 million customers. We will be a mobile-focused company with a selective presence in fixed-line aimed at delivering improved net cash from operating activities,” Lunder said.