EX-8 2 a2234823zex-8.htm EX-8

EXHIBIT 8

LIST OF SUBSIDIARIES

The table below sets forth our significant subsidiaries, and our percentage ownership interest, direct and indirect, in each subsidiary as of December 31, 2017. Unless otherwise indicated, our percentage ownership interest is identical to our voting power in each of the subsidiaries.

Subsidiary* |  | Country of Incorporation |  | Percentage Ownership Interest (Direct and Indirect) |
VEON Amsterdam B.V. |  | Netherlands |  | 100 | %
VEON Holdings B.V. |  | Netherlands |  | 100 | %(1)
VEON Digital Amsterdam B.V. |  | Netherlands |  | 100 | %(1)
PJSC “Vimpel-Communications”* |  | Russia |  | 100 | %(2)
Golden Telecom, Inc. |  | USA |  | 100 | %(3)
“Kyivstar” JSC* |  | Ukraine |  | 100 | %(4)
VEON Eurasia S.à r.l. |  | Luxembourg |  | 100 | %(5)
VIP Kazakhstan Holding AG |  | Switzerland |  | 75.0 | %(6)
LLP “KaR-Tel”* |  | Kazakhstan |  | 75.0 | %(7)
VimpelCom (BVI) AG |  | Switzerland |  | 100 | %(8)
LLC “Tacom”* |  | Tajikistan |  | 98.0 | %(9)
Freevale Enterprises Inc. |  | British Virgin Islands |  | 100 | %(10)
Silkway Holding B.V. |  | Netherlands |  | 100 | %(11)
LLC “Unitel”* |  | Uzbekistan |  | 100 | %(12)
CJSC “VEON Armenia”* |  | Armenia |  | 100 | %(13)
VEON Luxembourg Holdings S.à r.l. |  | Luxembourg |  | 100 | %(14)
VEON Luxembourg Finance Holdings S.à r.l. |  | Luxembourg |  | 100 | %(15)
VEON Luxembourg Finance S.A. |  | Luxembourg |  | 100 | %(16)
Global Telecom Holding S.A.E. |  | Egypt |  | 57.7 | %(17)
Oratel International Inc. Limited |  | Malta |  | 57.7 | %(18)
Moga Holding Limited |  | Malta |  | 57.7 | %(19)
Omnium Telecom Algérie S.p.A. |  | Algeria |  | 26.3 | %(20)
Optimum Telecom Algérie S.p.A.* |  | Algeria |  | 26.3 | %(21)
International Wireless Communications Pakistan Limited |  | Malta |  | 57.7 | %(22)
Telecom Management Group Limited |  | Malta |  | 57.7 | %(23)
Pakistan Mobile Communications Limited* |  | Pakistan |  | 49.0 | %(24)
Telecom Ventures Limited |  | Malta |  | 57.7 | %(25)
Banglalink Digital Communications Limited* |  | Bangladesh |  | 57.7 | %(26)
Wind Tre Italia S.p.A. |  | Italy |  | 50.0 | %(27)
Wind Tre S.p.A.* |  | Italy |  | 50.0 | %(28)

* Denotes operating company.

(1) VEON Amsterdam B.V. holds 100% directly.

(2) VEON Holdings B.V. holds 100% minus one share directly. VEON Ltd. holds one share directly.

(3) PJSC VimpelCom holds 100% directly and indirectly through a wholly owned Cypriot holding company.

(4) VEON Ltd. holds 0.01% directly and VEON Holdings B.V. holds 73.80% directly. “Kyivstar” JSC holds 26.19% of its own shares.

(5) PJSC VimpelCom holds 100% directly.

(6) VEON Eurasia S.à r.l. holds 75.0% directly.

(7) VIP Kazakhstan Holding AG holds 100% directly.

(8) VEON Holdings B.V. holds 100% directly.

(9) VimpelCom (BVI) AG holds 98.0% directly.

(10) PJSC VimpelCom holds 100% directly.

(11) PJSC VimpelCom holds 100% directly.

(12) Freevale Enterprises Inc. holds 21% directly and Silkway Holding B.V. holds 79% directly.

(13) PJSC VimpelCom owns 100% directly.

(14) VEON Holdings B.V. owns 100% directly.

(15) VEON Luxembourg Holdings S.à r.l. holds 100% directly.

(16) VEON Luxembourg Finance Holdings S.à r.l. holds 100% directly.

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(17) VEON Luxembourg Finance Holdings S.à r.l. holds 2.13% directly and VEON Luxembourg Finance S.A. holds 55.56% directly.

(18) Global Telecom Holding S.A.E. owns 100% directly and indirectly through three Maltese holding companies and a Luxembourg holding company.

(19) Global Telecom Holding S.A.E. owns 100% directly and indirectly through three Maltese holding company and a Luxembourg holding company.

(20) Global Telecom Holding S.A.E. holds a controlling interest of 45.57% directly and indirectly through Oratel International Inc. Limited and Moga Holding Limited. The Algerian National Investment Fund, Fonds National d’Investissement, holds 51% directly in Omnium Telecom Algérie S.p.A. and a local minority shareholder named Cevital S.p.A. holds directly the remaining 3.43%.

(21) Omnium Telecom Algeria S.p.A. holds 99.99% directly.

(22) Global Telecom Holding S.A.E. holds 100% directly and indirectly through three Maltese holding company and a Luxembourg holding company.

(23) Global Telecom Holding S.A.E. holds 100% directly and indirectly through four Maltese holding company and a Luxembourg holding company.

(24) Global Telecom Holding S.A.E. holds 85% of PMCL indirectly through two wholly owned Maltese subsidiaries and a nominee shareholder.

(25) Global Telecom Holding S.A.E. holds 100% directly and indirectly through three Maltese holding company and a Luxembourg holding company.

(26) Telecom Ventures Limited holds 99.99% directly.

(27) VEON Holdings B.V. owns 50.0% indirectly through two Luxembourg holding companies.

(28) Wind Tre Italia S.p.A. holds 100% directly.

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