PJSC VimpelCom

{{Short description|Russian telecommunications company founded in 1992}}

{{for|the holding company founded in 2009 and known as VimpelCom until 2017|VEON}}

{{Infobox company

| name = PJSC VimpelCom
(ПАО «ВымпелКом»)

| logo =

| logo_size = 200px

| type = Public joint-stock company

| traded_as =

| predecessor = KB Impuls

| founder = Dmitry Zimin & Augie K. Fabela II

| defunct =

| fate =

| area_served = Russia

| key_people = Aleksander Torbakhov (CEO)

| industry = Mobile, telecommunications

| products = Mobile networks, Internet, IPTV

| services =

| revenue = {{profit}} 4.65 billion USD (2018){{cite book |title=Financial overview |url=https://www.veon.com/media/1994/fy-2018-earnings-release_final.pdf}}

| operating_income = {{profit}} 2.21 billion USD (2007){{cite book |title=VimpelCom 2007 Form 20-F |url=http://VimpelCom.com/mediacache/6d107d83-7700-4665-9297-91e69b0633a5.PDF |access-date=2008-07-03 |pages=3–4 }}

| net_income = {{profit}} 1.46 billion USD (2007)

| assets =

| equity =

| owner =

| num_employees = 28,500{{cite web|url=http://static.beeline.ru/upload/images/BEELINE_25.06.pdf |title=Всё главное о компании |publisher=beeline.ru |access-date=2018-06-25}}

| parent =

| divisions = Golden Telecom

| subsid =

| footnotes =

| logo_caption = Beeline latin script logo for non-Russian language markets

| foundation = Moscow, Russia ({{Start date|1992|09|15}})

| location_city = Moscow

| location_country = Russia

| locations = all Russian regions

| homepage = {{URL|about.beeline.ru}}

}}

PJSC VimpelCom ({{langx|ru|ПАО «ВымпелКом»}} or full name {{langx|ru|ПАО «Вымпел-Коммуникации»}}, PAO «Vympel-Kommunikatsii») is a Russian telecommunications company started in 1992 when its co-founders, Dr. Dmitry Zimin{{Cite web |url=http://about.beeline.ru/en/management/founders.wbp?id=38f1d90f-3471-43d4-a4b3-57e9924e8ff9 |title=Founders |access-date=2013-02-15 |archive-url=https://web.archive.org/web/20130927221604/http://about.beeline.ru/en/management/founders.wbp?id=38f1d90f-3471-43d4-a4b3-57e9924e8ff9 |archive-date=2013-09-27 |url-status=dead }} and Augie K. Fabela II{{Cite web |url=http://about.beeline.ru/en/management/founders.wbp?id=c8b13687-1089-4ba7-a805-57464c6ad559 |title=Founders |access-date=2013-02-15 |archive-url=https://web.archive.org/web/20130927221429/http://about.beeline.ru/en/management/founders.wbp?id=c8b13687-1089-4ba7-a805-57464c6ad559 |archive-date=2013-09-27 |url-status=dead }} 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{{cite web|author=Фото: Дмитрий Лекай / Коммерсантъ |url=http://Kommersant.ru/doc-rss.aspx?DocsID=1375118 |title=Ъ-Газета - "МегаФон" больше не третий |publisher=Kommersant.ru |date=2010-05-25 |access-date=2013-09-22}} and second-largest telecom{{cite web|url=http://www.cnews.ru/reviews/free/telecom2011/rating/rating1.shtml |title=Интернет-издание о высоких технологиях |publisher=Cnews.ru |access-date=2013-09-22}}{{cite web|author=Фото: Николай Цыганов / Коммерсантъ |url=http://www.kommersant.ru/doc/1891474 |title=Ъ-Online - "Большая тройка" отчиталась |publisher=Kommersant.ru |date=2012-03-13 |access-date=2013-09-22}} operator in Russia. VimpelCom's main competitors in Russia are Mobile TeleSystems and MegaFon.{{cite news|title=Svyazinvest Puts Cell Assets Up for Sale|url=http://Kommersant.com/p777529/r_529/Svyazinvest_Cell_Communication|work=Kommersant|date=2007-06-25|access-date=2008-07-03|url-status=dead|archive-url=https://web.archive.org/web/20110606091627/http://www.kommersant.com/p777529/r_529/Svyazinvest_Cell_Communication/|archive-date=2011-06-06}}

PJSC VimpelCom's headquarters is located in Moscow.{{cite web |url=http://www.vimpelcom.com/contacts/index.wbp |title=VimpelCom - Contacts |access-date=2008-07-03 |url-status=dead |archive-url=https://web.archive.org/web/20080702181413/http://www.vimpelcom.com/contacts/index.wbp |archive-date=2008-07-02 }} In 1996-2010, traded as {{NYSE|VIP}}. It was wholly owned by VEON, although in the process of being sold after VEON announced the sale of their Russian operations in November 2022. In 2022, the company's revenue amounted to 280 billion rubles.{{Cite web |title=ПАО "Вымпелком" |url=https://www.rusprofile.ru/id/1669461 |access-date=2023-11-30 |website=www.rusprofile.ru |language=ru}} VEON completed the sale of PJSC Vimplecom in October 2023, with Aleksander Torbakhov serving as PJSC Vimplecom CEO.https://www.reuters.com/markets/deals/veon-completes-russia-exit-vimpelcom-sale-closes-2023-10-09/

History

File:Дмитрий Зимин.jpg, the founder and honorary president]]

File:Vimpelcom logo.svg

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.

PJSC VimpelCom also acquired companies such as Russia-On-Line in 1999, Cityline and EDN Sovintel in 2001, and Corbina Telecom in 2006. It had also acquired Global TeleSystems (GTS), SovAm Teleport, GlasNet, SLTMobitel, E-Mobile,{{cn|date=September 2024}} and Orascom Telecom Holding S.A.E..{{cite web |url=http://vimpelcom.com/pr/fs.wbp |title=Fact Sheet(s) |publisher=Vimpelcom.com |access-date=2012-05-02 |archive-url=https://web.archive.org/web/20130207030725/http://www.vimpelcom.com/pr/fs.wbp |archive-date=2013-02-07 |url-status=dead }}

In 1996{{cite web|url=https://www.nyse.com/about/history/timeline_events.html|title=NYSE Euronext Timeline|url-status=dead|archive-url=https://web.archive.org/web/20150508114837/http://www1.nyse.com/about/history/timeline_events.html|archive-date=2015-05-08}} OJSC VimpelCom became the first Russian company listed on the New York Stock Exchange ({{NYSE|VIP}}).{{cite news| url=http://topics.nytimes.com/top/reference/timestopics/organizations/v/vimpelcom/index.html |work=New York Times|title=Vimpelcom | first=Andrew E. | last=Kramer}}

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.{{cite web |url=http://about.beeline.ru/en/index.wbp |title=About company |publisher=About.beeline.ru |access-date=2013-09-22 |url-status=dead |archive-url=https://archive.today/20130416154421/http://about.beeline.ru/en/index.wbp |archive-date=2013-04-16 }}

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.{{cite web|title=Google and Facebook face an unlikely competitor in emerging markets: a telecom giant|url=https://qz.com/919888/google-and-facebook-face-an-unlikely-competitor-in-emerging-markets-a-telecom-giant/|website=Quartz|access-date=6 March 2017}}

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%.{{cite web |url=http://www.vimpelcom.com/Investor-relations/Reports--results/Results/Archive/4Q04/Results-4Q04/ |title= VimpelCom Announces Fourth Quarter and Annual 2004 Financial and Operating Results;- 61% Year-on-Year Increase in Total Operating Revenues -}}

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.{{cite web |author=Dan Swinhoe |url=https://www.datacenterdynamics.com/en/news/veon-sells-russias-vimpelcom-to-local-management-for-21bn/ |title=Veon sells Russia’s VimpelCom to local management for $2.1bn |publisher=DatacenterDynamics |date=2022-11-24 |access-date=2023-08-06 }} PJSC VimpelCom was valued at approximately $6.1 billion under the agreement.

Owners and management

CEO - Torbakhov Alexander Yurievich.{{Cite web |title=ПАО «ВЫМПЕЛКОМ» — г. Москва — ОГРН 1027700166636, ИНН 7713076301 — адрес, контакты, гендиректор |url=https://companies.rbc.ru/id/1027700166636-pao-publichnoe-aktsionernoe-obschestvo-vyimpel-kommunikatsii/ |access-date=2024-06-19 |website=РБК Компании |language=ru}}

President - Pankov Alexander Alexandrovich.

References

{{Reflist}}