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Euroset
Russian company retailer / From Wikipedia, the free encyclopedia
Euroset (Russian: Евросеть) was Russia's largest[1] mobile phone retailer, with over 5,000 stores across Russia and Belarus.[2] In 2006, the company controlled 37% of the Russian mobile retail market and in 2010 it employed some 27,000 people. Its main rival was Svyaznoy.
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Native name | Евросеть |
---|---|
Founded | 1997 |
Defunct | 2018 |
Revenue | 63,316,700,000 Russian ruble (2017) ![]() |
1,900,000,000 Russian ruble (2016) ![]() |
The company was founded in April 1997 by Timur Artemev and Yevgeny Chichvarkin. After falling foul of the Russian siloviki, Chichvarkin was forced to sell the 100% stake to Alexander Mamut. As of 2012, the mobile network operators OJSC VimpelCom and MegaFon co-own Euroset (each holding the 50% stake).[3] Euroset's major subsidiaries include Ultra and Alt Telecom.
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Entertainer Ivan Okhlobystin was the company's creative director from December 2010 to January 2014. He was sacked in the wake of his controversial appeal to "burn homosexuals alive".[4]
In September 2018 Euroset was purchased by Svyaznoy.[5]