PJSC VimpelCom (russian: ПАО «ВымпелКом» or full name russian: ПАО «Вымпел-Коммуникации», ''PAO «
Vympel
Directorate "V" of the FSB Special Purpose Center, often referred to as Spetsgruppa "V" Vympel ( pennant in Russian, originated from German , and having the same meaning), but also known as KGB Directorate "V", Vega Group, is an elite Russia ...
-Kommunikatsii»'') is a Russian telecommunications company started in 1992 when its co-founders, Dr.
Dmitry Zimin and Augie K. Fabela II 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.
PJSC VimpelCom is the third-largest wireless and second-largest telecom operator in Russia. VimpelCom's main competitors in Russia are
Mobile TeleSystems and
MegaFon
MegaFon (russian: МегаФон), previously known as North-West GSM, is the second largest mobile phone operator .
PJSC VimpelCom's headquarters is located in Moscow. In 1996-2010, traded as . It is wholly owned by
Veon
VEON Ltd. (formerly VimpelCom Ltd.) is a Dutch-domiciled multinational telecommunication services company. It predominantly operates services in the regions of Asia, Africa and Europe. It is the 13th largest mobile network operator in the wor ...
.
History
The company was founded in 1992 in
Moscow
Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...
,
Russia
Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eigh ...
and initially operated
AMPS/
D-AMPS network in Moscow and Moscow Oblast.
The brand "
Beeline" was created in 1993.
In 1996 OJSC VimpelCom became the first Russian company listed on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
().
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
Golden Telecom is an internet services provider in Russia and the Commonwealth of Independent States (CIS). It was acquired by VimpelCom in 2007.
History
Founded in 1996 by the global corporation Global Telesystems ("GTS"). NYSE-listed Global Te ...
. In October 2008 OJSC VimpelCom acquired a 49.9% stake in
Euroset, the largest mobile retailer in Russia and the CIS.
In 2010 the ticker “VIP” was transferred to VimpelCom Ltd. holding. In February 2017, VimpelCom renamed itself
Veon
VEON Ltd. (formerly VimpelCom Ltd.) is a Dutch-domiciled multinational telecommunication services company. It predominantly operates services in the regions of Asia, Africa and Europe. It is the 13th largest mobile network operator in the wor ...
, after the messaging platform that it had developed.
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%.
References
External links
About company
beeline.ru
{{Authority control
.
Telecommunications companies of Russia
Internet service providers of Russia
Mobile phone companies of Russia
Companies based in Moscow
Telecommunications companies established in 1992
1992 establishments in Russia
Telenor
VEON