Veon

VEON’s non-U.S. subsidiaries have the following agreements with Iranian embassies. During 2003, VEON Armenia began providing mobile and fixed-line telecommunications services to the Embassy of Iran in Yerevan. The approximate gross revenue and net profits for these services in 2019 was US$15,000. During 2001, our Russian subsidiary, PJSC VimpelCom, began providing telecommunications services, including mobile and fixed-line services, to the Embassy of Iran in Moscow. The approximate gross revenue and net profits for these services in 2019 was US$20,127 and US$19,035, respectively. During 2013, our Pakistan subsidiary, Jazz, began providing mobile telecommunications services to the Embassy of Iran in Islamabad. The approximate gross revenue and net profits for these services in 2019 was US$4,272. During 2004, our Kyrgyzstan subsidiary, Sky Mobile LLC, began providing mobile telecommunications services to the Embassy of Iran in Bishkek. The approximate gross revenue and net profits for these services in 2019 was US$499 and US$354, respectively. During 2009, our Algerian subsidiary, OTA, and subsequently its wholly owned subsidiary, Optimum, began providing mobile telecommunications services to the Embassy of Iran in Algiers. The approximate gross revenue and net profits for these services in 2019 was US$479. During 2007, our Bangladesh subsidiary, Banglalink, began providing telecommunications services to the Embassy of Iran in Dhaka. The approximate gross revenue and net profits for these services in 2019 was US$6. During 2018, our Uzbekistan subsidiary, Buzton, began providing telecommunications services to the Embassy of Iran in Tashkent. The approximate gross revenue for these services was US$222 with net profits of US$45.

VEON’s Russian subsidiary, PJSC VimpelCom, began providing mobile services to Iran Air in 2019. During 2019, the approximate gross revenue and net profits for these services was US$452. VEON may discontinue this activity in compliance with applicable law.

VEON’s non-U.S. subsidiaries have roaming agreements with the following GSM mobile network operators in Iran which may be owned, controlled or otherwise affiliated with the government of Iran: Telecommunications Company of Iran (“TCI”), MTN Irancell, Taliya Mobile and RighTel. During 2019, our gross revenue received from roaming arrangements with TCI, MTN Irancell and RighTel was approximately US$95,443, US$24,330 and US$2,091 respectively. We recorded an approximate net profit from roaming arrangements with TCI of US$38,335, and approximate net losses with MTN Irancell and RighTel of US$55,141 and US$145,344, respectively. During 2019, we received no gross revenue from roaming arrangements with Taliya Mobile with no net profits.

According to its Annual Report filed with the SEC for fiscal year 2019:  (https://www.sec.gov/Archives/edgar/data/1468091/000146809120000011/form20-f_fy2019.htm)