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PJSC VimpelCom

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For the holding company founded in 2009, see VimpelCom Ltd.
PJSC VimpelCom
(ПАО «ВымпелКом»)
Company 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 & former USSR
Key people
Mikhail Slobodin, CEO (2013)
ProductsMobile networks, Internet, IPTV
RevenueIncrease 7.17 billion USD (2007)[1]
Increase 2.21 billion USD (2007)[1]
Increase 1.46 billion USD (2007)[1]
Number of employees
38 000[2]
ParentVimpelCom Ltd.
DivisionsGolden Telecom
Websiteabout.beeline.ru/en/

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[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.

PJSC 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]

PJSC VimpelCom's headquarters is located in Moscow.[9] In 1996-2010, traded as NYSE: VIP. Now it is wholly owned by VimpelCom Ltd.

History

Old logo of PJSC 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 (NYSE: VIP).[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

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

  1. ^ a b c VimpelCom 2007 Form 20-F (PDF). pp. 3–4. Retrieved 2008-07-03. {{cite book}}: Cite has empty unknown parameter: |month= (help)
  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 -".
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