VimpelCom Joins United Nations Global Compact
Amsterdam (May 28, 2013), “VimpelCom Ltd.” (“VimpelCom”, “Company” or “Group”) (NYSE:VIP), a leading global provider of telecommunications services, today announced that the Company has joined the United Nations Global Compact.
The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. By doing so, business, as a primary driver of globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere. With over 10,000 corporate participants and other stakeholders from over 130 countries, it is the largest voluntary corporate responsibility initiative in the world.
By joining the UN Global Compact, VimpelCom believes this shows our strong commitment to maintaining and improving an open and transparent framework for organizing and developing corporate sustainability strategies. The Global Compact incorporates a transparency and accountability policy known as the Communication on Progress (COP) and the annual posting of a COP will be an important demonstration of our commitment to the UN Global Compact and its principles.
Altimo, a leading private equity group, operating on some of the world’s most desirable and potentially lucrative mobile telecommunications markets, was created in 2005 from Alfa Telecom, which itself was established in 2004 to hold the telecoms investments of the Alfa Group Consortium (VimpelCom Ltd. and Turkcell Iletisim Hizmetleri A.S.). Those assets are in Russia, the CIS and other promising emerging markets.
VimpelCom Ltd. provides voice and data services through a range of wireless, fixed and broadband technologies. VimpelCom Ltd. is headquartered in Amsterdam and has operations in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Georgia, Armenia, Kyrgyzstan, Laos, Algeria, Bangladesh, Canada, Italy, Pakistan, Burundi, Zimbabwe and Central African Republic covering territory with a total population of about 753 million with 214 mln subscribers. VimpelCom Ltd. operating companies provide services under the “Beeline”, “Kyivstar”, “Djuice”, “Wind”, “Infostrada”, “Mobilink”, “Leo”, “Banglalink”, “Telecel” and “Djezzy” brands. VimpelCom Ltd. is traded on NASDAQ under the symbol “VIP”. As of 18 April 2013, Altimo owned 47.85% of the voting shares of VimpelCom Ltd., economic interest is 56.2%.