VIMPELCOM LTD
· introduction of VEON
VEON (formerly VimpelCom Ltd.) is a multinational telecommunication services company headquartered in Amsterdam, Netherlands. It preponderantly operates services within the regions of Asia, continent and Europe. It is the eleventh largest mobile network operator in the world by number of subscribers with 214 million customers. More than half of the company's revenue comes from Russia.
VEON's brands include Beeline, Kyivstar, Djezzy, Jazz Pakistan, Banglalink and others.
Russian PJSC VimpelCom was based in 1992 in national capital once VimpelCom's co-founders, Russian Dmitry Zimi. and American Augie K. Fabela II came together to pioneer a new direction in the Russian mobile industry - their company was one of the first mobile carriers in Russia. Augie Fabela, who was then a young businessperson from the u. s., and Zimin, who was a Russian scientist in his fifties, together launched the Beeline brand in 1993. Its name derives from вымпел, the Russian word for pennon.
· New York Stock Exchange
The previous emblem of OJSC VimpelCom throughout New York Stock Exchange listing in 1996-2010
In 1996, PJSC VimpelCom, then the leader of Moscow cellular market (and automatically the largest mobile operator in Russia), became the first Russian company to have its shares listed on the ny exchange (with "VIP" because the ticker symbol).
The company's main shareholders area unit Telenor, a Norwegian telecom conglomerate, and Alfa Group, a vehicle of Russian tycoon Mikhail Fridman, via LetterOne. They have been secured during a years-long struggle for management of this enterprise likewise as different telecommunication assets in jap Europe.
In 2008, PJSC VimpelCom obtained a forty-nine.9% stake in Euroset, the largest mobile retailer in Russia and the CIS, which formerly belonged to its founder Yevgeny Chichvarkin.
· United holding company and NASDAQ
VimpelCom Ltd. holding company was founded in 2009. In 2009, Telenor and Alfa in agreement to merge their assets in VimpelCom and Kyivstar (Ukraine's much loved wireless operator) with the aim of making VimpelCom Ltd. (incorporated in Bermuda).
In October 2010, the united company nonheritable from Naguib Sawiris 2 assets:[citation needed]
Orascom medium Holding SAE, the largest mobile phone company in North Africa;
Wind Italy, the third largest mobile company in European nation.
As of thirty one Gregorian calendar month 2011, the corporate had twenty5 million customers across 20 countries. After several divestments and a business transformation, by summer 2017, VEON had a combined subscriber base of more than 200 million across 12 markets.
The company declared that it might se corporate chief operating officer, Jo Lunder was arrested on corruption charges in Oslo, Norway. The case alleges that in exchange for an operating license, VimpelCom has funneled $57.5M to witch the listing of its ADS shares from the New York Stock Exchange to the National Association of Securities Dealers Automated Quotations with commercialism starting on ten Gregorian calendar month 2013.
In Feb 2015, the govt. of African country noninheritable a fifty one stake in Djezzy for US$2.6 billion.
· 2015–present
In Gregorian calendar month 2014, VimpelCom agreed to sell its majority stake in Canadian mobile operator Wind Mobile for $272 million to its minority owner Globalive.
In the summer of 2015, the u. s. Justice Department claimed that VimpelCom used a network of shell corporations and phony consulting contracts to funnel bribes to an in depth relative of the president of Asian country, in exchange for access to that country’s telecommunications market. The board of one part-owner, Norwegian telecom operator Telenor, has severed consulting ties with former VimpelCom chief govt Jon Fredrik Baksaas thanks to the continued investigating.
In Gregorian calendar month 2015 thTakilant, a company linked to Gulnara Karimova, the daughter of Uzbek President Islam Karimov.
The Securities and Exchange Commission declared 18-02-2016 a worldwide settlement along side the U.S. Department of Justice and Dutch regulators that needs telecommunications supplier VimpelCom Ltd. to pay quite $795 million to resolve its violations of the Foreign Corrupt Practices Act (FCPA) to win business in Asian country.
On twenty seven February 2017, VimpelCom renamed itself VEON, named when the electronic communication platform that it had developed. The company explained that the re-branding was part of a shift towards marketing themselves as a technology company, and not solely a telecommunications firm.
On 3 April VEON announced the listing and trading of shares of VEON on Euronext Amsterdam, commencing 4 April 2017.
On nineteen Gregorian calendar month 2017 VEON declared launching Personal web Platform named VEON in major markets: European nation, Ukraine, Bangladesh, Pakistan and Georgia. The platform provides contextualized, personalized internet experiences and opportunities, enabling customers to call, chat, read, watch, listen and share media, manage account (top up, opt in/out services).
On 27 March 2018 VEON Chief Executive Jean-Yves Charlier resigned and that Charlier’s duties would be temporarily assumed by VEON’s chair, Ursula Burns.[24] Burns was appointed as CEO, while remaining as chairman, in December 2018.
· Owners
Veon Shareholder Structure:
47.9% of voting rights (56.2% Economic rights) owned by Altimo (Alfa Group)
43.0% of choice rights (33.0% Economic rights) owned by Telenor
9.1% (10.8%) – Minority Shareholders
Subsidiaries and shareholdings
PJSC VimpelCom (100%)
PJSC «New telephone company»
Golden medium and Golden medium country (Delaware, United States, acquired in 2007)
Corbina Telecom (acquired in 2006)
Cityline (ISP) (acquired in 2001)
Global TeleSystems (GTS), formerly San Francisco Moscow Teleport (SFMT), founded in 1983 by VNIIPAS and an American team which included George Soros
EDN Sovintel (Soviet-American venture company based in 1990, noninheritable in 2001)
SovAm (Soviet-American) Teleport (founded in 1990 by SFMT)
GlasNet
Russia-On-Line (acquired in 1999)
Kyivstar (100%)
Global Telecom Holding S.A.E. (51.7%)[27]
Euroset (50%)
VEON Wholesale Services (100%)
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