Vimpelcom Ltd faces SEC investigation over Uzbek activities

12 Mar 2014

Amsterdam-based international telecoms giant Vimpelcom Ltd has announced that it is under investigation by the United States Securities and Exchange Commission (SEC) over its activities in Uzbekistan, where it operates under the Beeline brand name. In parallel, the company’s Dutch headquarters has been visited by the Dutch authorities, including the public prosecutor’s office, who have informed the company that it is the focus of a criminal investigation in the Netherlands. In a brief media statement, Vimpelcom said that it intends to fully cooperate with these investigations.

According to TeleGeography’s GlobalComms Database, in December 2013 Beeline Uzbekistan was given a clean bill of health following a two-month investigation into its financial and operating activities by local tax regulators. A source from the state tax committee told the local press: ‘The inspection is complete. The company has received a resolution with some criticism… but no violations of the tax legislation have been found.’ The audit had begun at the start of October and was then extended for a further month at the beginning of November. It followed on the heels of another probe, this time by the State Inspectorate of Communications (GIS), following which the operator was told that 460 base stations built in 2013 could not be used because it had not received the proper authorisations from the regulator.



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.