0
Wireless

Beeline liquidates Golden Telecom

Wednesday 14 April 2021 | 15:32 CET | News
Russian operator Beeline, controlled by the Veon Group, has liquidated its subsidiary Golden Telecom, reports Tass. The Veon Group acquired Golden Telecom in 2008 for USD 4.3 billion. Beeline acquired a 79.8 percent stake in Golden Telecom from the Veon Group in February and then raised its stake in the company to 100 percent. Part of assets owned by Golden Telecom have been transferred to Beeline. The merger with other entities belonging to the Golden Telecom group will be carried out gradually.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Beeline / Golden Telecom
Countries: Russian Federation
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Russia to extend 3.5 GHz band licences for fixed-wireless broadband

Published 08 Mar 2021 16:36 CET | Russian Federation
Russia's spectrum regulator SRFC announced that it plans to prolong permits for the use of the 3.4-3.6 GHz bands for operators ...

Beeline acquires West Call Moscow

Published 03 Sep 2020 18:34 CET | Russian Federation
Russian operator Beeline, controlled by the Veon Group, said it has fully acquired Moscow-based ISP West Call. Beeline expects ...