Owner of Beeline sells business in Russia

The Veon Holding based in the Netherlands today announced the start of the sale of Russian business – Vimpelcom (works under the Beeline brand), Russian media write.

Due to the fact that the shareholder of Vimpelcom is a “foreign holding of unfriendly jurisdiction”, the company “has many different regulatory restrictions” and it is “in a less favorable position compared to other players of the telecom market,” said Representative of Vimpelcom.