Veon has agreed to sell its Russian operations to certain senior members of VimpelCom’s management team, led by its current CEO Aleksander Torbakhov.
Dutch-registered Veon has decided to sell its operations in Russia, which include Vimpelcom.
Veon has agreed to sell its mobile network towers in Russia to Service-Telecom for R70.65 billion (€816 million).
Russia’s Beeline TV service ended the second quarter with 3 million subscribers, or 23.6% more than in the same period last year.
Veon is interested in buying a 100% stake in Megogo, one of the leading online video and TV services in Central and Eastern Europe.
Veon has announced the appointment of Alexander Torbakhov as CEO of Beeline Russia, effective April 6.
Beeline’s CEO Vasil Latsanich will leave his post at the end of June.
Telenor has disposed of its remaining shares in Veon Group.
Veon has named Kaan Terzioglu and Sergi Herrero as the group’s joint COOs.
Sergi Herrero has been appointed COO of Veon Ventures, effective September.