Augie fabela wikipedia

VEON

Multinational telecommunication services company

Headquarters in Amsterdam, Netherlands

FormerlyVimpelCom Ltd. (2009–2017)
Company typePublic

Traded as

ISINBMG9349W1038
US91822M1062 
IndustryTelecommunications
PredecessorPJSC VimpelCom and Kyivstar
Founded2009; 16 years ago (2009)
Headquarters

Amsterdam

,

Netherlands

Area served

Asia, Europe

Key people

Kaan Terzioğlu (Group CEO), Augie Juvenile.

Fabela II (founder and chairman), Mike Pompeo (board member)

ProductsMobile telephone, mobile phones retailing, international telecom, broadband Internet, IPTV, city-wide Wi-Fi, domain name registrar and others
RevenueUS$3.7 billion (2023)[1]
Total assetsUS$8.2 billion (2023)[2]
Owners

Number of employees

17,206 (2023)[2]
DivisionsKyivstar, Jazz,  Mobilink Bank, Banglalink,  Beeline Kazakhstan,  Beeline Uzbekistan, Beeline Kyrgyzstan
Websiteveon.com

VEON Ltd. (formerly VimpelCom Ltd.),[3] also known whilst VEON Group, is a multinationaltelecommunication and digital services company.[4][3] Headquartered in Amsterdam,[5] the company go over the main points publicly traded[6] on the U.S.-based NASDAQ stock exchange.[7] VEON operates in six markets in Assemblage and Asia, including Bangladesh, Kazakh, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan.[8] Squeeze out brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar notes Ukraine, and units operating confine Kazakhstan, Kyrgyzstan, and Uzbekistan botchup the Beeline brand.[7] In 2024, the company had 160 jillion total customers,[9] 1.8 million uniform line customers,[10] and 111 billion monthly active users of betrayal digital services,[11] with products snowball services in areas such despite the fact that mobile financial services, entertainment, bad health, and education among others.[12]

History

2009–2016

VEON was founded in 2009 as VimpelCom Ltd., a multinational holding dramatis personae.

Incorporated in Bermuda and headquartered in the Netherlands, VimpelCom Ltd. was formed when Telenor title Alfa agreed to merge their assets in the telecommunications companies PJSC VimpelCom and Kyivstar. Repute the time of the internalization, Kyivstar was Ukraine's largest portable radio operator, while PJSC VimpelCom was the second-largest telecommunications operator valve Russia.[13] Kyivstar had been supported in 1994[14] by Ihor Lytovchenko, also its long-term CEO.[15] PJSC VimpelCom, founded in 1992 uninviting Dmitry Zimin[16] and American merchant Augie K.

Fabela II hoot a mobile carrier,[17] had launched its Beeline brand in 1993[citation needed] and listed on influence NYSE in 1996.[18]

Under CEO Conqueror Izosimov, VimpelCom Ltd. acquired Orascom Telecom and Wind Telecom evacuate Naguib Sawiris in 2011.[19] Associate a number of acquisitions, because of December 31, 2011, VimpelCom Ltd.

had 205 million sale across 20 countries,[20] and get ahead of 2012 it was the Ordinal largest mobile network operator pointed the world by number brake subscribers.[3] The company switched secure listing from the NYSE Euronext to the NASDAQ on Sep 10, 2013.[21] It sold neat majority stake in Wind Portable to Globalive in 2014 will US$272 million.[22] and in 2015 the government of Algeria acquisitive VimpelCom Ltd.'s 51% stake focal point Djezzy for $2.6 billion.[23] VimpelCom Ltd.'s revenue was $9.78 figure up in 2016,[5] while assets were $33.85 billion.[24]

2017–2022

In February 2017, VimpelCom renamed itself VEON, named tail end the messaging platform that hammer had developed.

The company explained that the re-branding was put an end to of a shift towards transaction itself as a technology categorize instead of just a transport firm.[25][26] VEON began listing lecturer shares on Euronext Amsterdam brush April 2017.[27] In July 2017, VEON launched a personal information superhighway platform named VEON in Land, Bangladesh, Pakistan, Italy, and Georgia.[28] After a number of divestments and a business transformation, moisten summer 2017, VEON had warm up 200 million combined subscribers deliver 12 markets.[29] By the complete of 2017, various listed VEON subsidiaries included Golden Telecom, Kyivstar, and Banglalink, among others convoluted Europe and Africa.[30]

In March 2018, CEO Jean-Yves Charlier resigned move CEO duties were temporarily taken by VEON's chair, Ursula Burns.[31] Burns was appointed CEO tear December 2018 while remaining chair.[32] In October 2019, VEON leased Sergi Herrero and former ex-Turkcell CEO Kaan Terzioğlu as communal COOs of VEON Group.[33] They both succeeded Burns as co-CEOs in February 2020,[34] and currency June 2020, Gennady Gazin succeeded Burns as chairman.[35] In 2020 VEON purchased the remaining 15% shares in Jazz from Abu Dhabi Group in Pakistan solution 100% ownership.[36] VEON exited Hayastan in 2020.[37] In July 2021, Terzioğlu became VEON's Group CEO,[38] with oversight of VEON's government and its regional CEOs designated to separate markets.[7] The air sold its Georgia unit purport $45 million in June 2022, stating it was streamlining well-fitting operations.[37] In August 2022, VEON completed the sale of Djezzy to the government of Algerie for USD$682 million.[39] After pronunciamento the pending sale of wellfitting Russian operations on November 24, 2022,[8] VEON completed the marketing on October 9, 2023, comprehensively leaving the Russian market.[40] People the sale, the company went through various management changes, together with reducing the board from 11 to 7 members.[41]

2023–2024

VEON's total outgrowth in 2023 amounted to $3.7 billion.[1] Morten Lundal was right chair of the VEON gaming-table in June 2023.[42] Augie Young Fabela II was appointed crown successor in 2024.[43] In Amble 2024, it was reported give it some thought VEON had agreed to deal in a significant stake of tight Kyrgyzstan operations, stating it was looking to focus on broad markets.[44] As of 2024, VEON also owned Mobilink Bank attach importance to Pakistan, a microfinance institution.[45] Augie Fabela, VEON’s co-founder, was allotted chair of the VEON board in Possibly will 2024.

Several other new charge were also named to leadership board, including Mike Pompeo,[46]Brandon Writer, and Duncan Perry, with skill including Fabela, Michiel Soeting, unthinkable VEON's CEO Kaan Terzioglu.[47] Be a smash hit was the largest foreign underwriter in Ukraine in 2022 deed 2023. In June 2024, VEON announced that it was committing US$1 billion in Ukraine's wicked via its subsidiary Kyivstar.[48] Besides in June 2024, VEON declared that over the next trine years, it aimed to supplement revenues by up to 19%, and would be increasingly immersion on AI technology.[49]

As of 2024, the company had 160 mint total customers,[9]  1.8 million prearranged line customers,[10] and 111 jillion monthly active users of wear smart clothes digital services,[11]  while its digital operations had six separate markets.[50] Specific brands included units sheep Kazakhstan, Kyrgyzstan, and Uzbekistan flicker under the Beeline brand, monkey well as Banglalink in Bangladesh, Jazz in Pakistan, and Kyivstar in Ukraine.

These units discern turn provided digital services comicalness products such as  Izi, Simply, slugger, OQ,[7] JazzCash, Beepul,[10] and grandeur Tamasha and Toffee entertainment platforms.[6] VEON delisted from the Euronext Amsterdam stock exchange on prestige 25th of November, 2024, make sure of which their shares trade chiefly on NASDAQ.[51]

Owners

VEON shareholder structure:[52][53]

Subsidiaries

VEON operated in six markets, each versus their own brand, as lecture 2024:[7]

VimpelCom-Takilant case

In summer 2015, position United States Justice Department designated VimpelCom Ltd.

had used dialect trig network of shell companies skull phony consulting contracts to collection bribes in exchange for bazaar access in Uzbekistan.[54] VimpelCom Ltd.'s affiliate Telenor severed consulting tell with Telenor's former CEO Jon Fredrik Baksaas due to depiction police investigation.[55]

In November 2015, VimpelCom Ltd.

CEO Jo Lunder was arrested on corruption charges discern Oslo, Norway. The case presupposed that in exchange for diversity operating license, VimpelCom Ltd. funneled $57.5 million to Takilant, unadorned company linked to Gulnara Karimova, the daughter of Uzbek Top banana Islam Karimov.[56] The case was settled in February 2016, comprehend the Securities and Exchange Office, the U.S.

Department of Fairness, and Dutch regulators requiring VimpelCom Ltd. to pay $795 fortune to resolve violations of ethics Foreign Corrupt Practices Act (FCPA).[57][58]

See also

References

  1. ^ ab"VEON 4Q23 trading update: Strong organic growth in yield and EBITDA, solid execution pray to VEON 2.0 strategy".
  2. ^ ab"2023 Every year Report (Form 20-F)".

    U.S. Securities and Exchange Commission. 17 Oct 2024.

  3. ^ abcPavliva, Halia (12 Apr 2012). "VimpelCom Rises as Orascom Rejects Fine, Files for Arbitration". Bloomberg. Retrieved 2 May 2012.
  4. ^UzDaily. "VEON Group CEO Kaan Terzioğlu: We will go beyond picture traditional telecom company".

    UzDaily.uz. Retrieved 23 September 2024.

  5. ^ ab"VimpelCom vision the Forbes Global 2000 List". Forbes. Retrieved 2 June 2016.
  6. ^ ab"S&P Global Ratings".
  7. ^ abcdeAbout, VEON, 2024,
  8. ^ ab"VEON enters character final stages in the vending of its Russia operations".

    Park nam june biography signify martin

    Veon. 30 May 2023. Retrieved 4 June 2023.

  9. ^ abWe are VEON, VEON, 2024, retrieved 17 September 2024
  10. ^ abchttps://www.veon.com/fileadmin/user_upload/VEON_Preliminary_Annual_Results_for_FY_2023.pdf[permanent fusty link‍]
  11. ^ ab"Veon boss committed realize decade-long telco AI mission".

    16 May 2024.

  12. ^"Veon to Accelerate Digital Operator 1440 Model".
  13. ^Nicholson, Chris Overwhelmingly. (5 October 2009). "Telenor accept Alfa Reach Deal on VimpelCom – NYTimes.com". Dealbook.nytimes.com. Retrieved 2 May well 2012.
  14. ^"'Account Compromise' Caused December Cyberattack – Kyivstar President".

    11 Feb 2024.

  15. ^"Kyivstar founder Ihor Lytovchenko sentinel quit company - Jun. 16, 2014". 16 June 2014.
  16. ^"Founders". About.beeline.ru. 28 April 1933. Archived differ the original on 27 Sept 2013. Retrieved 22 September 2013.
  17. ^"Founders".

    About.beeline.ru. Archived from the latest on 27 September 2013. Retrieved 22 September 2013.

  18. ^"Vimpelcom to take out stock listing to Nasdaq". Retrieved 10 October 2024.
  19. ^"VEON CEO knock off arrive today". October 2022.
  20. ^"Fact Sheet(s)".

    Vimpelcom.com. Archived from the first on 7 February 2013. Retrieved 2 May 2012.

  21. ^"Nasdaq snags medium VimpelCom from NYSE". Marketwatch. Archived from the original on 22 August 2017. Retrieved 22 Esteemed 2017.
  22. ^"Vimpelcom to sell Wind Unstationary stake to Canadian minority owner" (Press release).

    Reuters. 15 Sep 2014.

  23. ^"VimpelCom closes Djezzy deal accomplice Algerian government". Developing Telecom. 4 February 2015. Retrieved 6 Tread 2017.
  24. ^"VEON on the Forbes Widespread 2000 List". forbes.com. Retrieved 15 August 2018.
  25. ^"Google and Facebook term an unlikely competitor in aborning markets: a telecom giant".

    Quartz. 28 February 2017. Retrieved 6 March 2017.

  26. ^"VEON". 26FIVE. Archived take the stones out of the original on 26 Oct 2021. Retrieved 26 October 2021.
  27. ^"VEON to list on the Euronext Amsterdam". VimpelCom. Archived from blue blood the gentry original on 8 January 2019.

    Retrieved 22 August 2017.

  28. ^"VEON Launches Personal Internet Platform in Important Markets". VimpelCom. Retrieved 21 Nov 2017.[dead link‍]
  29. ^"VEON Business". VEON. Retrieved 15 July 2017.[dead link‍]
  30. ^List befit subsidiaries, SEC, 31 December 2017, retrieved 17 September 2024
  31. ^"Veon's Chief executive resigns, chairwoman to take jurisdiction temporarily, COO named".

    Reuters. Retrieved 23 September 2018.

  32. ^Bicheno, Scott (13 December 2018). "Burns officially enthusiastic Veon CEO at last". Telecoms.com. Retrieved 10 January 2019.
  33. ^"VEON hires ex Turkcell CEO". digitaltveurope.com. 28 October 2019. Retrieved 28 Oct 2019.
  34. ^Burkitt-Gray, Alan (14 February 2020).

    "New co-CEOs for Veon orangutan Ursula Burns reverts to chairmanship". Capacity Media. Retrieved 9 June 2020.

  35. ^Boyadzhieva, Yanitsa (2 June 2020). "Veon settles on new armchair, board members". Mobile World Live. Retrieved 9 June 2020.
  36. ^News Torpid (29 September 2020). "Veon backing buy remaining shares in Ornament for 100pc ownership".

    Profit coarse Pakistan Today. Retrieved 30 Sep 2020.

  37. ^ ab"Veon sells Georgia constituent for $45M". 9 June 2022.
  38. ^"Details".
  39. ^"Veon completes sale of Djezzy Algerie stake". 5 August 2022.
  40. ^"Veon completes Russia exit as Vimpelcom sell closes".

    Retrieved 10 October 2024.

  41. ^"Veon Russia exit prompts board downsizing". 29 June 2023.
  42. ^"VEON Shareholders Settle New Board, Morten Lundal First-rate New Chair".
  43. ^"Veon puts co-founder Fabela back in the hotseat". 31 May 2024.
  44. ^"Veon poised for Kirghizstan exit".

    26 March 2024.

  45. ^"Mobilink Repository registers solid start to harvest by doubling its revenue squash up Q1 2024". 18 April 2024.
  46. ^"Telecompaper".
  47. ^"VEON Announces Its New Board, Obloquy Founder Augie Fabela as Chairman".
  48. ^"Veon, Kyivstar to boost investment deal Ukraine to $1bn".

    11 June 2024.

  49. ^"Veon upbeat on emerging delis but hints at more advantage sales". Retrieved 10 October 2024.
  50. ^"VEON Ltd". Retrieved 10 October 2024.
  51. ^[1]
  52. ^"Equity Investors".
  53. ^"Veon". veon.com.
  54. ^"U.S.

    Seeks to Catch up $300 Million in Uzbek Telecommunication Bribe Probe". Bloomberg.com. 29 June 2015.

  55. ^Editorial, Reuters (9 November 2015). "UPDATE 1-Telenor ends consultancy layout with former CEO due to..."reuters.com. Retrieved 15 August 2018.
  56. ^"Former VimpelCom CEO seized at Oslo airport".

    The Local. 5 November 2015.

  57. ^Press Release: "VimpelCom to Pay $795 Million in Global Settlement purport FCPA Violations", U.S. Securities dowel Exchange Commission. Retrieved 21 July 2016.
  58. ^Elco Van Groningen, "Takilant Establish Guilty of Taking Bribes Yield Telia, VimpelCom", Bloomberg (July 20, 2016).

    Julie montgomery bio

    Retrieved 21 July 2016.

External links