PJSC VimpelCom

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title: "PJSC VimpelCom" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["pjsc-vimpelcom", "telecommunications-companies-of-russia", "internet-service-providers-of-russia", "mobile-phone-companies-of-russia", "companies-based-in-moscow", "telecommunications-companies-established-in-1992", "1992-establishments-in-russia", "telenor", "veon"] description: "Russian telecommunications company founded in 1992" topic_path: "engineering" source: "https://en.wikipedia.org/wiki/PJSC_VimpelCom" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Russian telecommunications company founded in 1992 ::

::data[format=table title="Infobox company"]

Field	Value
name	PJSC VimpelCom
(ПАО «ВымпелКом»)
logo_size	200px
type	Public joint-stock company
predecessor	KB Impuls
founder	Dmitry Zimin & Augie K. Fabela II
area_served	Russia
key_people	Aleksander Torbakhov (CEO)
industry	Mobile, telecommunications
products	Mobile networks, Internet, IPTV
revenue	4.65 billion USD (2018)
operating_income	2.21 billion USD (2007)
net_income	1.46 billion USD (2007)
num_employees	28,500
divisions	Golden Telecom
foundation	Moscow, Russia ()
location_city	Moscow
location_country	Russia
locations	all Russian regions
homepage
::

| 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 = 4.65 billion USD (2018) | operating_income = 2.21 billion USD (2007) | net_income = 1.46 billion USD (2007) | assets = | equity = | owner = | num_employees = 28,500 | parent = | divisions = Golden Telecom | subsid = | footnotes = | foundation = Moscow, Russia () | location_city = Moscow | location_country = Russia | locations = all Russian regions | homepage = PJSC VimpelCom ( or full name , PAO «Vympel-Kommunikatsii») is a Russian telecommunications company started in 1992 when its co-founders, Dr. Dmitry Zimin and 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 50s, together launched the Beeline brand.

PJSC VimpelCom is the third-largest wireless and second-largest telecom operator in Russia. VimpelCom's main competitors in Russia are Mobile TeleSystems and MegaFon.

PJSC VimpelCom's headquarters is located in Moscow. In 1996-2010, traded as . 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. VEON completed the sale of PJSC Vimplecom in October 2023, with Aleksander Torbakhov serving as PJSC Vimplecom CEO.

History

::figure[src="https://upload.wikimedia.org/wikipedia/commons/9/92/Дмитрий_Зимин.jpg" caption="[[Dmitry Zimin]], the founder and honorary president"] ::

::figure[src="https://upload.wikimedia.org/wikipedia/commons/f/f1/Vimpelcom_logo.svg" caption="Old logo of PJSC VimpelCom"] ::

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 ().

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%.

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.

Owners and management

CEO - Torbakhov Alexander Yurievich.

President - Pankov Alexander Alexandrovich.

References

References

1. "Financial overview".
2. "VimpelCom 2007 Form 20-F".
3. "Всё главное о компании". beeline.ru.
4. "Founders".
5. "Founders".
6. Фото: Дмитрий Лекай / Коммерсантъ. (2010-05-25). "Ъ-Газета - "МегаФон" больше не третий". Kommersant.ru.
7. "Интернет-издание о высоких технологиях". Cnews.ru.
8. Фото: Николай Цыганов / Коммерсантъ. (2012-03-13). "Ъ-Online - "Большая тройка" отчиталась". Kommersant.ru.
9. (2007-06-25). "Svyazinvest Puts Cell Assets Up for Sale". [[Kommersant]].
10. "VimpelCom - Contacts".
11. "ПАО "Вымпелком"".
12. (9 October 2023). "Veon completes Russia exit as Vimpelcom sale closes". Reuters.
13. "Fact Sheet(s)". Vimpelcom.com.
14. "NYSE Euronext Timeline".
15. Kramer, Andrew E.. "Vimpelcom". New York Times.
16. "About company". About.beeline.ru.
17. (28 February 2017). "Google and Facebook face an unlikely competitor in emerging markets: a telecom giant".
18. "VimpelCom Announces Fourth Quarter and Annual 2004 Financial and Operating Results;- 61% Year-on-Year Increase in Total Operating Revenues -". VimpelCom.
19. Dan Swinhoe. (2022-11-24). "Veon sells Russia's VimpelCom to local management for $2.1bn". DatacenterDynamics.
20. "ПАО «ВЫМПЕЛКОМ» — г. Москва — ОГРН 1027700166636, ИНН 7713076301 — адрес, контакты, гендиректор".

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::