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.

For the holding company founded in 2009, see Veon (company).
PJSC VimpelCom
(ПАО «ВымпелКом»)
TypePublic joint-stock company
IndustryMobile, telecommunications
PredecessorKB Impuls
FoundedMoscow, Russia (September 15, 1992 (1992-09-15))
FounderDmitry Zimin & Augie K. Fabela II
Headquarters
Moscow
,
Russia
Number of locations
all Russian regions
Area served
Russia
Key people
Vasil Latsanich, CEO (2018)
ProductsMobile networks, Internet, IPTV
Revenue 4.65 billion USD (2018)[1]
2.21 billion USD (2007)[2]
1.46 billion USD (2007)[2]
Number of employees
28,500[3]
ParentVeon
DivisionsGolden Telecom
Websitemoskva.beeline.ru/about/about-beeline/

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.

History
Dmitry Zimin, the founder and honorary president
Old logo of PJSC VimpelCom

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]

References
  1. Financial overview (PDF).
  2. VimpelCom 2007 Form 20-F (PDF). pp. 3–4. Retrieved 2008-07-03.
  3. "Всё главное о компании" (PDF). beeline.ru. Retrieved 2018-06-25.
  4. "Archived copy". Archived from the original on 2013-09-27. Retrieved 2013-02-15.CS1 maint: archived copy as title (link)
  5. "Archived copy". Archived from the original on 2013-09-27. Retrieved 2013-02-15.CS1 maint: archived copy as title (link)
  6. Фото: Дмитрий Лекай / Коммерсантъ (2010-05-25). "Ъ-Газета - "МегаФон" больше не третий". Kommersant.ru. Retrieved 2013-09-22.
  7. "Интернет-издание о высоких технологиях". Cnews.ru. Retrieved 2013-09-22.
  8. Фото: Николай Цыганов / Коммерсантъ (2012-03-13). "Ъ-Online - "Большая тройка" отчиталась". Kommersant.ru. Retrieved 2013-09-22.
  9. "Svyazinvest Puts Cell Assets Up for Sale". Kommersant. 2007-06-25. Archived from the original on 2011-06-06. Retrieved 2008-07-03.
  10. "VimpelCom - Contacts". Archived from the original on 2008-07-02. Retrieved 2008-07-03.
  11. "NYSE Euronext Timeline". Archived from the original on 2015-05-08.
  12. Kramer, Andrew E. "Vimpelcom". New York Times.
  13. "About company". About.beeline.ru. Archived from the original on 2013-04-16. Retrieved 2013-09-22.
  14. "Google and Facebook face an unlikely competitor in emerging markets: a telecom giant". Quartz. Retrieved 6 March 2017.
  15. "VimpelCom Announces Fourth Quarter and Annual 2004 Financial and Operating Results;- 61% Year-on-Year Increase in Total Operating Revenues -".
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