New Street Research - VEON Ltd. Sponsored ADR (VEON) VEON (Buy, TP: $65/ADR, +70%) Share Buyback restarted, good buying opportunity – Quick take

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New Street Research

Chris Hoare

EUR 8669.00 For Business Accounts Only

VEON (Buy, TP: $65/ADR, +70%) Share Buyback restarted, good buying opportunity – Quick take

Following a sell-off which culminated in an 18% decline on Friday and has taken the stock down by 30% in a month, VEON has announced it is starting the 3rd tranche of its $100m share buyback. VEON remains a compelling BUY for us with a US$ 65/ADR price target.

16/06/2025 1 EN

Underlying

VEON Ltd. Sponsored ADR

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US91822M1062 NASDAQ Stock Market United States

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
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Pan European Telecom Services and Cable

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Analysts

Chris Hoare

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VEON Announces USD 35 Million Share Buyback

VEON Announces USD 35 Million Share Buyback Announcement marks the third phase of USD 100 million share buyback program Dubai, June 16, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that it will shortly commence the third phase of its previously announced share buyback program with respect to the Company’s American Depositary Shares (“ADSs”). This third phase of the buyback will be in the amount of up to USD 35 million. The third phase of the share buyback program is being launched after the successful completion of the second phase on Ma...

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VEON (Buy, TP: $65/ADR, +70%) Share Buyback restarted, good buying opportunity – Quick take

VEON Announces USD 35 Million Share Buyback

Global EM Telcos M&A Cycle in-bound; buy the targets

Sub-Saharan African Telecoms Good quarter, Vodacom price target to ZAR185; Q1 25 review

SATS v. Carr State of (the) Play: Curtain Raises on Act II

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