"PJSC VimpelCom is a Russian company that operates in strict accordance

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Veon's press service reported that the company's management is exploring sale options, seeking to ensure that the best possible outcome is achieved for all stakeholders, including Veon, its Russian subsidiaries, its shareholders, its creditors, its customers and its employees operating both in Russia and abroad.

with the current legislation of guatemala cell phone number list the Russian Federation. Due to the fact that the company's shareholder is a foreign holding from an unfriendly jurisdiction and, as a result, many different regulatory restrictions were imposed on the company, today we are in a less advantageous position compared to other players in the telecom market," said representatives of PJSC VimpelCom. According to them, the shareholder has launched the process of restructuring the ownership of PJSC VimpelCom. Many companies with foreign holding structures have already gone through similar processes on the Russian market. "We emphasize that, regardless of the final corporate structure, Beeline's strategy remains unchanged and our clients and continuous high-quality service will always remain at the center of the company's business," said representatives of PJSC VimpelCom.

Veles Capital analyst Artem Mikhailin believes that under normal conditions Veon could count on a multiple for the Russian division of at least 3-3.5x EV/EBITDA, which gives a value of more than $5 billion; in the case of an urgent sale under current conditions or due to the lack of a large number of interested parties, the valuation could be lower.

"There are currently active discussions that Veon may transfer its assets in Russia to local management. If we talk about the real possibility of sale, then, of course, the largest telecom operators will show interest, since this is a core asset for them. Then there may be surprises, as was the case, for example, recently with Avito. The service was sold to a company that was not initially considered a contender. It is quite difficult to conduct telecommunications business in Russia, competition is very high, as is the attention of the state. There is a probability that a non-core company will be interested in such an asset, but it is not that high," the analyst says.