VEON, known as VimpelCom until 2017, is a global telecommunications company owned largely by Russian interests (particularly Altimo), but headquartered in Amsterdam. It is the world’s tenth-largest telecom company by subscriber base.
VEON operates primarily using the Beeline brand in its home market of Russia as well as several Eurasian countries. It also uses a number of other brands, such as Jazz (formerly Mobilink) in Pakistan, Banglalink in Bangladesh, Kyivstar in Ukraine and Djezzy in Algeria.
Telenor, the Norwegian telecom comglomerate, was a major shareholder in VEON until September 2017, when it reduced its stake to 14.8%. It no longer has an influence over VEON. Some of Telenor’s subsidiaries are in direct competition with VEON’s subsidiaries, such as Telenor Pakistan that competes with Jazz, and Grameenphone that competes with Banglalink.
| Parent: Altimo (56%) | Telenor (14.8%)
| Current operations:
Related: Telenor Arena