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

, 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