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Veon Ltd. (Russia)

Main Activities: All Other Telecommunications
Full name: Veon Ltd. Profile Updated: March 11, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English & Russian Download a sample report

The Company shall be a legal entity in the form of an open joint stock company established pursuant to the decision of the Founders, dated June 15, 1993 (Protocol No.1 of the Meeting of the Founders, dated June 15, 1993) and registered with the Moscow Registration Chamber (Certificate No. 015.624, dated July 28, 1993) and the State Registration Chamber on June 14, 1995 (Certificate No. 5143.16, dated June 14, 1995).
The Company provides voice and data telecommunication services through a range of traditional and broadband mobile and fixed-line technologies. The Company operated telecommunications services in Russia, Pakistan, Algeria, Bangladesh, Ukraine, Uzbekistan, Kazakhstan, Armenia, Tajikistan, Georgia, Kyrgyzstan and Laos, and in Italy via a 50/50 joint venture.
The Company was the first Russian company to list its shares on the NYSE in November 1996. VimpelCom s ADSs are listed on the NYSE under the symbol VIP . VimpelCom was also the first Russian company to issue U.S. SEC-registered convertible notes in July 2000. VimpelCom s convertible notes are listed on the NYSE under the symbol VIP 05 .
On October 5, 2009, VimpelCom's two major shareholders, Altimo and Telenor, signed a series of agreements pursuant to which they agreed to combine their holdings in VimpelCom and Closed Joint Stock Company “Kyivstar G.S.M.” (“Kyivstar”) under a new company, VimpelCom Ltd., to be listed on the New York Stock Exchange.
VimpelCom Ltd. (“VimpelCom” or the “Company”) was formed in Bermuda on June 5, 2009, as an exempted company under the name New Spring Company Ltd., which was subsequently changed to VimpelCom Ltd. on October 1, 2009. VimpelCom Ltd. was formed to recapitalize Open Joint Stock Company “Vimpel-Communications” (“OJSC VimpelCom”) and acquire CJSC “Kyivstar G.S.M.” (“Kyivstar”). On April 21, 2010, VimpelCom successfully completed an exchange offer (“Exchange Offer”) for OJSC VimpelCom shares. Therefore, effective April 21, 2010, OJSC VimpelCom is a subsidiary of VimpelCom. On August 6, 2010, VimpelCom became the sole shareholder of OJSC VimpelCom. VimpelCom Ltd. ADS began trading on the New York Stock Exchange (“NYSE”) on April 22, 2010.
while OJSC VimpelCom ADS were delisted from the NYSE on May 14, 2010.
The Company changed its name from VimpelCom Ltd. to VEON Ltd., effective as of March 30, 2017.
VEON's ADSs are listed on the NASDAQ Global Select Market from March 31, 2017 under ticket VEON, ISIN US91822M1062.

Headquarters
Claude Debussylaan 88, 850 Third Avenue
Amsterdam; North Holland; Postal Code: 1082 MD

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1993
Key Executives
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Chief Executive Officer
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Chief Financial Officer
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Chief Operating Officer
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Chairman of the Supervisory Board
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Manager
Ownership Details
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34.9%
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8.9%
Subsidiaries
Banglalink Digital Communications Limited (Bangladesh)
100%
Kyivstar Jsc (Ukraine)
100%
Llc Unitel (Uzbekistan)
100%
Company Performance
Financial values in the chart are available after Veon Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
-7.8%
Total operating revenue
-7.88%
Operating profit (EBIT)
159.74%
EBITDA
-16.06%
Net Profit (Loss) for the Period
N/A
Total assets
-20.61%
Total equity
87.46%
Operating Profit Margin (ROS)
19.1%
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt to Equity Ratio
-1404.13%
Quick Ratio
0.2%
Cash Ratio
-0.26%

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