VEON has entered into an agreement to sell VimpelCom, which owns the Beeline brand, to the management of the Russian operator led by VimpelCom CEO Alexander Torbakhov. VEON will gain ₽130 billion from the sale of the asset. The deal is expected to be completed no later than June 1, 2023. A representative of Beeline explained that the foreign origin of the pa...

Veon Holding will be exploring the possibility of listing its subsidiaries in South Asian countries, particularly Pakistan and Bangladesh. "We will look at this with an open mind and examine whether these markets are interesting enough for us to consider an IPO there. Nothing has been decided at this point," Veon CEO Caan Terzioglu said.

VEON's EBITDA for 9 months of 2022 was $2.576bn, up 2.8% from $2.505bn in the previous year. Revenue increased by 3% to $5.908 bln compared to $5.736 bln a year earlier.

VEON has announced the start of a competitive sale of its Russian telecom operator VimpelCom, which operates under the Beeline brand. Kommersant's sources claim that it is about transferring the management of the Russian business to the top management. This will allow Veon to avoid possible sanctions, and Vimpelcom to meet the requirements of the regulator.