OJSC VimpelCom

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"VimpelCom" redirects here. For holding company founded in 2009, see VimpelCom Ltd..
OJSC VimpelCom
(ОАО «ВымпелКом»)
Type Open joint-stock company
Industry Mobile, telecommunications
Predecessors KB Impuls
Successors VimpelCom Ltd.
Founded Moscow, Russia (September 15, 1992 (1992-09-15))
Founders Dmitry Zimin & Augie K. Fabela II
Headquarters Moscow, Russia
Number of locations all Russian regions
Area served Russia & former USSR
Key people Anton Kudryashov, CEO (2012)
Products Mobile networks, Internet, IPTV
Revenue Increase 7.17 billion USD (2007)[1]
Operating income Increase 2.21 billion USD (2007)[1]
Net income Increase 1.46 billion USD (2007)[1]
Employees 38 000[2]
Parent VimpelCom Ltd.
Divisions Golden Telecom (Sovintel) – since 2008
Website about.beeline.ru/en/

OJSC VimpelCom (Russian: ОАО «ВымпелКом» or full name Russian: ОАО «Вымпел-Коммуникации», OAO «Vympel-Kommunikatsii») is a Russian telecommunications company started in 1992 when its co-founders, Dr. Dmitry Zimin[3] and Augie K. Fabela II[4] 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 50’s, together launched the Beeline brand.

OJSC VimpelCom is the third-largest wireless[5] and second-largest telecom[6][7] operator in Russia. VimpelCom's main competitors in Russia are Mobile TeleSystems and MegaFon.[8]

OJSC VimpelCom's headquarters is located in Moscow.[9] In 1996-2010, traded as NYSEVIP. Now it is wholly owned by VimpelCom Ltd. holding.

History[edit]

Old logo of OJSC VimpelCom

The company was founded in 1992 in Moscow, Russia.

The brand "Beeline" was created in 1993.

In 1996[10] OJSC VimpelCom became the first Russian company listed on the New York Stock Exchange (NYSEVIP).[11]

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.[12]

In 2010 the ticker “VIP” was transferred to VimpelCom Ltd. holding.

Restatement[edit]

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%.[13]

References[edit]

  1. ^ a b c VimpelCom 2007 Form 20-F. pp. 3–4. Retrieved 2008-07-03. 
  2. ^ "Бюйaмяхх". About.beeline.ru. Retrieved 2013-09-22. 
  3. ^ http://about.beeline.ru/en/management/founders.wbp?id=38f1d90f-3471-43d4-a4b3-57e9924e8ff9
  4. ^ http://about.beeline.ru/en/management/founders.wbp?id=c8b13687-1089-4ba7-a805-57464c6ad559
  5. ^ Фото: Дмитрий Лекай / Коммерсантъ (2010-05-25). "Ъ-Газета - "МегаФон" больше не третий". Kommersant.ru. Retrieved 2013-09-22. 
  6. ^ "Интернет-издание о высоких технологиях". Cnews.ru. Retrieved 2013-09-22. 
  7. ^ Фото: Николай Цыганов / Коммерсантъ (2012-03-13). "Ъ-Online - "Большая тройка" отчиталась". Kommersant.ru. Retrieved 2013-09-22. 
  8. ^ "Svyazinvest Puts Cell Assets Up for Sale". Kommersant. 2007-06-25. Retrieved 2008-07-03. 
  9. ^ "VimpelCom - Contacts". Retrieved 2008-07-03. 
  10. ^ "NYSE Euronext Timeline". 
  11. ^ Kramer, Andrew E. "Vimpelcom". New York Times. 
  12. ^ "About company". About.beeline.ru. Retrieved 2013-09-22. 
  13. ^ "VimpelCom Announces Fourth Quarter and Annual 2004 Financial and Operating Results;- 61% Year-on-Year Increase in Total Operating Revenues -". 

External links[edit]