PJSC VimpelCom
PJSC VimpelCom (Russian: ПАО «ВымпелКом» or full name Russian: ПАО «Вымпел-Коммуникации», PAO «Vympel-Kommunikatsii») is a Russian telecommunications company started in 1992 when its co-founders, Dr. Dmitry Zimin[4] and Augie K. Fabela II[5] came together to pioneer the Russian mobile industry. Augie Fabela, who was then a young entrepreneur from the US, and Dr. Zimin who was a Russian scientist in his 50s, together launched the Beeline brand.
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Type | Public joint-stock company |
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Industry | Mobile, telecommunications |
Predecessor | KB Impuls |
Founded | Moscow, Russia (September 15, 1992 ) |
Founder | Dmitry Zimin & Augie K. Fabela II |
Headquarters | Moscow , Russia |
Number of locations | all Russian regions |
Area served | Russia |
Key people | Vasil Latsanich, CEO (2018) |
Products | Mobile networks, Internet, IPTV |
Revenue | ![]() |
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Number of employees | 28,500[3] |
Parent | VEON |
Divisions | Golden Telecom |
Website | www |
PJSC VimpelCom is the third-largest wireless[6] and second-largest telecom[7][8] operator in Russia. VimpelCom's main competitors in Russia are Mobile TeleSystems and MegaFon.[9]
PJSC VimpelCom's headquarters is located in Moscow.[10] In 1996-2010, traded as NYSE: VIP. It is wholly owned by VEON, although in the process of being sold after VEON announced the sale of their Russian operations in November 2022.
History
![](../I/%D0%94%D0%BC%D0%B8%D1%82%D1%80%D0%B8%D0%B9_%D0%97%D0%B8%D0%BC%D0%B8%D0%BD.jpg.webp)
![](../I/Vimpelcom_logo.svg.png.webp)
The company was founded in 1992 in Moscow, Russia and initially operated AMPS/D-AMPS network in Moscow and Moscow Oblast.
The brand "Beeline" was created in 1993.
In 1996[11] OJSC VimpelCom became the first Russian company listed on the New York Stock Exchange (NYSE: VIP).[12]
In 1997 the company began GSM network roll-out and in 2001 it started GSM networks throughout Russia's regions.
On February 29, 2008 OJSC VimpelCom completed a merger with Golden Telecom. In October 2008 OJSC VimpelCom acquired a 49.9% stake in Euroset, the largest mobile retailer in Russia and the CIS.[13]
In 2010 the ticker “VIP” was transferred to VimpelCom Ltd. holding. In February 2017, VimpelCom renamed itself VEON, after the messaging platform that it had developed.[14]
On April 14, 2005, the company decreased its net income in 2002 and 2003 as a result of this restatement: 2002 - $2.8 million or 2.2%, 2003 - $5.2 million or 2.2%.[15]
On November 24, 2022, VEON announced that it had entered into an agreement to sell its Russian subsidiary PJSC VimpelCom to the subsidiary's local management team.[16] PJSC VimpelCom was valued at approximately $6.1 billion under the agreement.
References
- Financial overview (PDF).
- VimpelCom 2007 Form 20-F (PDF). pp. 3–4. Retrieved 2008-07-03.
- "Всё главное о компании" (PDF). beeline.ru. Retrieved 2018-06-25.
- "Founders". Archived from the original on 2013-09-27. Retrieved 2013-02-15.
- "Founders". Archived from the original on 2013-09-27. Retrieved 2013-02-15.
- Фото: Дмитрий Лекай / Коммерсантъ (2010-05-25). "Ъ-Газета - "МегаФон" больше не третий". Kommersant.ru. Retrieved 2013-09-22.
- "Интернет-издание о высоких технологиях". Cnews.ru. Retrieved 2013-09-22.
- Фото: Николай Цыганов / Коммерсантъ (2012-03-13). "Ъ-Online - "Большая тройка" отчиталась". Kommersant.ru. Retrieved 2013-09-22.
- "Svyazinvest Puts Cell Assets Up for Sale". Kommersant. 2007-06-25. Archived from the original on 2011-06-06. Retrieved 2008-07-03.
- "VimpelCom - Contacts". Archived from the original on 2008-07-02. Retrieved 2008-07-03.
- "NYSE Euronext Timeline". Archived from the original on 2015-05-08.
- Kramer, Andrew E. "Vimpelcom". New York Times.
- "About company". About.beeline.ru. Archived from the original on 2013-04-16. Retrieved 2013-09-22.
- "Google and Facebook face an unlikely competitor in emerging markets: a telecom giant". Quartz. Retrieved 6 March 2017.
- "VimpelCom Announces Fourth Quarter and Annual 2004 Financial and Operating Results;- 61% Year-on-Year Increase in Total Operating Revenues -".
- Dan Swinhoe (2022-11-24). "Veon sells Russia's VimpelCom to local management for $2.1bn". DatacenterDynamics. Retrieved 2023-08-06.
External links
![](../I/Commons-logo.svg.png.webp)
- About company
- beeline.ru (in Russian)