Veon is negotiating the sale of its business in Armenia - Kommersant
ArmInfo. Veon Telecommunication Holding (owns VimpelCom, the Beeline brand) is negotiating with the Ucom operator about the possible sale of its business in Armenia, the Kommersant newspaper reported citing the company's press service. "These negotiations may or may not have the result of a deal. Veon will inform about updates if they are in accordance with the requirements," the holding said in a statement.
Veon owns assets in Russia, Ukraine, Kazakhstan, Kyrgyzstan, Uzbekistan, Armenia, Georgia, Tajikistan, Algeria, Pakistan and Bangladesh. 47.9% of the holding is owned by LetterOne Mikhail Fridman and his partners, another 8.3% is controlled by the Dutch trust, 34.9% of the shares are in free float.