The global digital operator Veon has finalised the sale agreement of its exit from Russia.
Faisal Ghori has been appointed group director investor relations at the global digital operator Veon, effective August 1.
Veon has obtained a licence from the US Office of Foreign Assets Control (OFAC) to sell its Russian subsidiary Vimpelcom.
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.