[8] VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan.

[16] PJSC VimpelCom, founded in 1992 by Dmitry Zimin[17] and American businessman Augie K. Fabela II as a mobile carrier,[18] had launched its Beeline brand in 1993[citation needed] and listed on the NYSE in 1996.

[31] By the end of 2017, various listed VEON subsidiaries included Golden Telecom, Kyivstar, and Banglalink, among others in Europe and Africa.

[37] In 2020 VEON purchased the remaining 15% shares in Jazz from Abu Dhabi Group in Pakistan for 100% ownership.

[45] In March 2024, it was reported that VEON had agreed to sell a significant stake of its Kyrgyzstan operations, stating it was looking to focus on large markets.

These units in turn provided digital services with products such as  Izi, Simply, hitter, OQ,[8] JazzCash, Beepul,[11] and the Tamasha and Toffee entertainment platforms.

[7] VEON delisted from the Euronext Amsterdam stock exchange on the 25th of November, 2024, after which their shares trade exclusively on NASDAQ.

[6] VEON shareholder structure:[54][55] VEON operated in six markets, each with their own brand, as of 2024:[8] In summer 2015, the United States Justice Department claimed VimpelCom had used a network of shell companies and phony consulting contracts to funnel bribes in exchange for market access in Uzbekistan.

The case alleged that in exchange for an operating license, VimpelCom funneled $57.5 million to Takilant, a company linked to Gulnara Karimova, the daughter of Uzbek President Islam Karimov.

[58] The case was settled in February 2016, with the Securities and Exchange Commission, the U.S. Department of Justice, and Dutch regulators requiring VimpelCom to pay $795 million to resolve violations of the Foreign Corrupt Practices Act (FCPA).