Company profile

Subscriber growth in Moscow Total revenues US$ in millions in US GAAP

VimpelCom is a leading wireless telecommunications service company in Russia, operating under the "Bee Line" family of brand names, which are among the most recognized brand names in Russia. VimpelCom's license portfolio covers approximately 70% of Russia's population (100 million people), including the city of Moscow and the Moscow Region which is the Company's primary market. As of the end of 1999, VimpelCom's total subscriber base was approximately 372,300, with approximately 350,500 subscribers in the Moscow license area.

From its inception, VimpelCom has played a key role in the development of the Russian cellular telecommunications industry. VimpelCom introduced two digital cellular communications standards to Russia and built the first dual band GSM-900/1800 cellular network. In addition, with the launch of "off-the-shelf" prepaid product solutions, VimpelCom created the mass consumer market for wireless communications.

In 1999, VimpelCom entered into a strategic relationship with Telenor, the leading Norwegian telecommunications operator and one of the most advanced companies in wireless data delivery and WAP-based Internet services. Telenor holds a 25.7% strategic stake in VimpelCom.

VimpelCom was the first Russian company to list on the New York Stock Exchange (NYSE). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".