Velcom, a Belarus State Owned Company

• Velcom's license was issued in 1998 and
  is also valid for ten years and may be renewed for an additional five-year period. Velcom is a joint venture between
  
• Beltelecom and Beltechexport, two Belarusian state enterprises, collectively have a controlling stake in Velcom and several other companies.

-Burried deep in an International Bank's 238 page Annual Report