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EXHIBIT 8
Subsidiaries
The table below sets forth our significant subsidiaries as of December 31, 2019. The equity interest presented represents our ownership interest, direct and indirect. Our percentage ownership interest is identical to our voting power for each of the subsidiaries listed below.
Name of significant subsidiary
Country of incorporation
Nature of subsidiary
Percentage of ownership interest
 
 
 
 
VEON Amsterdam B.V.
Netherlands
Holding
100.0
%
VEON Holdings B.V.
Netherlands
Holding
100.0
%
PJSC VimpelCom
Russia
Operating
100.0
%
JSC “Kyivstar”
Ukraine
Operating
100.0
%
LLP “KaR-Tel”
Kazakhstan
Operating
75.0
%
LLC “Unitel”
Uzbekistan
Operating
100.0
%
LLC “VEON Georgia”
Georgia
Operating
80.0
%
CJSC “VEON Armenia”
Armenia
Operating
100.0
%
LLC “Sky Mobile”
Kyrgyzstan
Operating
50.1
%
VEON Luxembourg Holdings S.à r.l.
Luxembourg
Holding
100.0
%
VEON Luxembourg Finance Holdings S.à r.l.
Luxembourg
Holding
100.0
%
VEON Luxembourg Finance S.A.
Luxembourg
Holding
100.0
%
Global Telecom Holding S.A.E
Egypt
Holding
99.5
%
Omnium Telecom Algérie S.p.A.*
Algeria
Holding
45.4
%
Optimum Telecom Algeria S.p.A.*
Algeria
Operating
45.4
%
Pakistan Mobile Communications Limited
Pakistan
Operating
85.0
%
Banglalink Digital Communications Limited
Bangladesh
Operating
100.0
%
* The Group has concluded that it controls Omnium Telecom Algérie S.p.A and Optimum Telecom Algeria S.p.A, See Significant Accounting Judgments in Note 14 of the Audited Consolidated Financial Statements for further details.