VimpelCom Ltd (NYSE:VIP) reported Q1 EPS of $0.46 today, beating the consensus estimate for $0.33 per share. On a pro forma basis, including the results of Wind Telecom S.p.A., which was acquired on April 15, 2011, the company had revenue of $5.5 billion. Excluding the acquisition, revenue was up 23% year-over-year to $2.7 billion, in-line with the consensus estimate.Alexander Izosimov, Chief Executive Officer of VimpelCom, said, "With the consolidation of the assets of Wind Telecom into our portfolio, the scale of our operations has nearly doubled, making VimpelCom a truly global telecom operator with one of the largest customer bases in the world. I truly believe that we have strong prospects for profitable growth going forward. We are now focusing on the integration of our businesses, extracting synergies and capitalizing on the Company's strengthened leadership, scale and market expertise in order to efficiently manage our substantially expanded operations."Vimpel-Communications has a potential upside of 36.2% based on a current price of $14.08 and an average consensus analyst price target of $19.18.
