VimpelCom Ltd. is a global provider of telecommunication services based in Amsterdam. It is the sixth largest mobile network operator in the world by subscribers (as of April 2012) with 214 million customers (as per December 31, 2012) in 18 countries. A lion's share of the company's revenue comes from Russia (39%) and Italy (31%).
VimpelCom's brands include "Beeline" (in Russia and CIS), "Kyivstar" (in Ukraine), "Wind" (in Italy and Canada), "Djezzy" (in Algeria), "Mobilink" (in Pakistan), "Banglalink" (in Bangladesh), and others.
VimpelCom Ltd. Shareholder Structure:
- 47.9% of voting rights (56.2% Economic rights) owned by Altimo (Alfa Group)
- 43.0% of voting rights (33.0% Economic rights) owned by Telenor
- 9.2% (10.8%) - Minority Shareholders
- OJSC VimpelCom (100%)
- Kyivstar (100%)
- Wind Telecom S.p.A.
- Euroset (50%)
Russian OJSC VimpelCom was founded in 1992 in Moscow when VimpelCom's co-founders, Dr. Dmitry Zimin and American 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 50’s, together launched the Beeline brand in 1993.
The company was one of the first mobile carriers in Russia. Its name derives from вымпел, the Russian word for pennon.
New York Stock Exchange
In 1996, OJSC VimpelCom, then the leader of Moscow cellular market (and automatically the largest mobile operator in Russia), became the first Russian company to have its shares listed on the New York Stock Exchange (with "VIP" as the ticker symbol).
The company's main shareholders are Telenor, a Norwegian telecom conglomerate, and Alfa Group, a vehicle of Russian tycoon Mikhail Fridman. They have been locked in a years-long struggle for control of this enterprise as well as other telecommunication assets in Eastern Europe.
United holding company
VimpelCom Ltd. holding company was founded in 2009. In 2009, Telenor and Alfa agreed to merge their assets in VimpelCom and Kyivstar (Ukraine's number one wireless operator) with the aim of creating VimpelCom Ltd. (incorporated in Bermuda). In 2010 the ticker “VIP” was transferred from OJSC VimpelCom to VimpelCom Ltd.. The website vimpelcom.com was also transferred from OJSC VimpelCom.
In October 2010, the united company acquired from Naguib Sawiris two assets:
- Orascom Telecom Holding SAE, the largest mobile phone company in North Africa;
- Wind Italy, the third largest mobile phone company in Italy.
The company has 205 million customers across 20 countries (as of 31 December 2011).
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- Pavliva, Halia (2012-04-12). "VimpelCom Rises as Orascom Rejects Fine, Files for Arbitration". Bloomberg. Retrieved 2012-05-02.
- Леонид Коник (2012-04-26). "Altimo может потратить $1,5 млрд на увеличение доли в Vimpelcom Ltd. | comnews" (in (Russian)). Comnews.ru. Retrieved 2012-05-02.
- "Founders". About.beeline.ru. 1933-04-28. Retrieved 2013-09-22.
- "Founders". About.beeline.ru. Retrieved 2013-09-22.
- "Fact Sheet(s)". Vimpelcom.com. Retrieved 2012-05-02.
- "Altimo of Russia steps up campaign against Telenor of Norway". New York Times. 2008-03-25. Retrieved 2012-05-02.
- White, Gregory L. (2009-05-20). "Norway Seeks Caution in Telenor Battle – WSJ.com". Online.wsj.com. Retrieved 2012-05-02.
- Nicholson, Chris V. (2009-10-05). "Telenor and Alfa Reach Deal on VimpelCom – NYTimes.com". Dealbook.nytimes.com. Retrieved 2012-05-02.
- "UPDATE 2-Algeria says no price set for Vimpelcom Djezzy unit". Reuters. Retrieved 2012-05-02.
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