Vimpelcom’s network, which owns the Beeline brand, is at risk of its development being halted due to sanctions that have caused difficulties in supplying equipment to Russia. If the sanctions are maintained, the development of the network will be frozen.

“Risks to curb”: Veon warned about the risks with the development of the VimpelCom network due to sanctions

Kaan Terzioglu, CEO of Veon (owner of VimpelCom), said about the existing risks of freezing the development of the VimpelCom network (owner of the Beeline brand). “Without a doubt, development will slow down and risk stalling,” he said.

Terzioglu explained the risks with the difficulties in supplying equipment to Russia, which arose from the sanctions announced by the United States against the technology sector. The sanctions will lead to the halving of imports of high-tech products to Russia, the White House estimated.

Veon is actively selling cell phone towers: Last year alone, Service-Telecom bought more than 15,000 towers from the company for $970 million, and another 30,000 towers are for sale, the Veon boss said.

According to Veon’s report for the second quarter of 2022, half of the company’s revenue (about $1 billion) comes from operations in Russia.


Kirill Bilyk

Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.


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