Veon commits to invest US$600m in Ukraine’s Kyivstar

Amsterdam-listed telco holding company Veon has said it will invest US$600 million in Kyivstar, its Ukrainian operation, to fund recovery of infrastructure in the war-ravaged country over the next three years. Veon said that the nvestment will span Kyivstar’s infrastructure projects, ensuring essential connectivity and 4G services throughout the country, the development of superior digital […]

Russia approves VimpelCom sale on condition

The Russian government commission on foreign investment has approved the sale of VimpelCom to Russian management on the condition that at least 90% of bonds issued by it’s Dutch parent’s company Veon are in favor of Russian investors, reported the state-owned news agency RIA. The Netherlands-based holding company Veon sold its Russian operation VimpelCom, which […]

Veon sells Russian operation to management

Netherlands-based holding company Veon has sold its Russian operation VimpelCom, which operates under the Beeline brand, to its management. The company said that following a competitive process, it had entered into an agreement to sell its Russian operations to certain senior members of the management team led by current CEO Aleksander Torbakhov. The management buy-out […]

Veon to sell Russia’s Beeline

Dutch-based telecom holding company Veon has said that it is conducting a competitive sales process in relation to its Russian operations. Veon operates the VimpelCom Beeline-branded multiplay operator in Russia. “Veon’s management is currently exploring options in an effort to ensure that an optimal outcome is achieved for all relevant stakeholders, including Veon, its Russian […]

Veon announces sale of Russian tower business

Russian operator Veon has announced the sale of its mobile network towers in the country. The Russian tower business will be sold to Service-Telecom for RUB70.65 billion (€820 million), with the transaction scheduled to close in Q4 2021. Service-Telecom is a partner of  PJSC VimpelCom, which operates the Beeline telecommunications brand. The companies have also […]

Beeline TV at 3 million users for Veon

Russian pay TV service Beeline is at 3 million active users, Veon has announced. Veon announced a year-over-year increase of 23.6% in terms of Russian users to a total of 3 million Beeline customers. The operator, which is based in Amsterdam, said that the growth reflected an expanded content offer, targeted customer propositions and the […]

Russia’s Beeline sees boost from TV as COVID-19 hits mobile

Russian service provider Veon, which operates the Beeline brand, saw its TV subscriber base jump by over half in the year to June 30, taking it to over 2.3 million subscribers. Speaking to analysts after the company posted its quarterly results, Co-CEO Kaan Terzioglu said that Veon’s Beeline digital TV customer base was “now 50% […]

Upstart Armenian operator TEAM wins approval to acquire Veon’s Beeline business

TelecomArmenia (TEAM), a new telecommunications company in Armenia, has won approval from regulators to buy Dutch operator Veon’s business in the country. TEAM was launched in April by brothers Hayk and Aleksandr Yesayan as a new player providing TV and internet services in Armenia. The brothers co-founded Ucom, one of Armenia’s largest telcos, as business […]

Torbakhov in as CEO at Beeline Russia

Veon has appointed Alexander Torbakhov as the CEO of Beeline, its Russian telecommunications business. Starting on April 6, Torbakhov will replace Vasyl Latsanych, who was announced to be leaving in February. However, this succession process has been accelerated, with Latsanych initially set to depart in June. Torbakhov joins with more than 25 years of experience, […]

Veon names interim Beeline CEO

Russia’s Veon has named Viktor Biryukov as interim CEO of its domestic service provider arm, VimpelCom/Beeline. Biryukov will combine the chief executive role with his existing remit as EVP of legal affairs and corporate relations. His appointment follows the announcement last week that Vasyl Latsanych, Beeline’s current CEO, is to step down at the end […]