Veon

VEON Ltd.
legal form	Limited
ISIN	US91822M1062
founding	1992 as VimpelCom
Seat	Hamilton , Bermuda
management	Ursula Burns ( Executive Chairman )
Number of employees	56,024 (December 31, 2014)
sales	19,627,000,000 US dollars (2014)
Branch	telecommunications
Website	https://www.veon.com/

Veon , formerly VimpelCom, with its headquarters in Hamilton on Bermuda and its main operational headquarters in Amsterdam, is one of the largest mobile communications providers in Russia and other CIS countries , alongside Mobile TeleSystems and MegaFon . In Russia, the company operates under the brand name Beeline ( Russian Билайн ).

The company's shares are traded on the NASDAQ and are included in the NASDAQ 100 stock index .

Company and share

Until 2010, the group parent company was OJSC VimpelCom, based in Moscow , whose shares were traded on the New York Stock Exchange . Today it is VimpelCom Ltd. based in Hamilton , Bermuda , with headquarters in Amsterdam and listed on the NASDAQ . Today the company is majority owned by the Luxembourg LetterOne Group, which holds 47.9% of the voting shares. Another major shareholder with 43.0% of the shares is Telenor .

history

The company was founded by Dmitri Simin in 1992 and in the same year began to offer mobile communications services in Russia on an experimental basis, at that time still based on the now obsolete AMPS standard. At the beginning of 1993 WympelKom received an AMPS license for the greater Moscow area and began to expand the network. In August 1993 the company appeared for the first time under the brand name Beeline . In 1997 the company started to switch to the GSM standard. As early as 1999, Beeline became the leading mobile operator in the Moscow region; in the same year, it became the first Russian mobile operator to sell prepaid packages. In 2002 the range of services was expanded to include multimedia messaging services .

On November 16, 2006, the Armenian mobile communications company ArmenTel was 90% taken over for 341.9 million US dollars . The shares were previously held by the Greek OTE . In addition, VimpelCom committed to take over debts of USD 40 million. The remaining 10% of the ArmenTel are held by the Armenian state. In 2008 the name was changed to Beeline.

In 2013 Vimpelcom was active as a mobile operator in most of the CIS countries, Italy and, via Global Telecom Holding, in Algeria, Burundi, Zimbabwe, Pakistan, Bangladesh, Canada, Laos and the Central African Republic. VimpelCom owns the brands "Beeline", " Kyivstar ", " Wind ", "Infostrada", "Mobilink", "Leo", "banglalink", "Telecel", and " Djezzy ".

With 222 million customers, VimpelCom is the world's seventh largest mobile communications provider.

In the course of the mobile network convergence, Beeline succeeded by 2009 with 7.5 million connectable and 724,000 connected fiber-to-the-home households to put Russia at the top of international statistics almost instantly. This may also be due to the fact that, according to Boris Nemšić , fiber optics can also be laid as overhead lines from building to building in Russia.

On December 31, 2016, VimpelCom entered into a joint venture with the Chinese CK Hutchison Holdings and founded Wind Tre SpA. The company itself is an amalgamation of the former VimpelCom owned Wind Telecomunicazioni and H3G . This created the third largest mobile operator in Italy. On September 7, 2018, Veon left the joint venture and sold all shares in Hutchison .