The story
Founded by Augie K Fabela and Dmitry Zimin on Sep 15, 1992, in Moscow.1
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, and Orascom Telecom Holding S.A.E.
In 1996 OJSC VimpelCom became the first Russian company listed on the New York Stock Exchange (NYSE: VIP).
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.
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.
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%.
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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. PJSC VimpelCom was valued at approximately $6.1 billion under the agreement.
From Wikipedia’s article on PJSC VimpelCom, shared under CC BY-SA 4.0.5