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.

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