VEON VEON Ltd. Sponsored ADR

VEON appoints Johan Buse as the Incoming CEO of Banglalink

VEON appoints Johan Buse as the Incoming CEO of Banglalink

Dubai and Dhaka, 17 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces that Johan Buse has been appointed as the Chief Executive Officer of Banglalink, VEON’s digital operator in Bangladesh, effective 6th April 2025.

Johan joins Banglalink from StarHub in Singapore where he led the Consumer Business Group focusing on strategy and business transformation. Prior to that, Johan has decades of experience in the telecom industry across Europe, Asia and the Middle East. He previously served as the Chief Commercial Officer of Ooredoo Oman and held senior positions at Deutsche Telekom Croatia, AXIS and Singtel.

Johan will succeed Erik Aas who has made the decision to move on from Banglalink after nine successful years.

Commenting on the appointment, VEON Group CEO Kaan Terzioglu said: “I welcome Johan to the VEON family and Banglalink team. With decades of experience across multiple emerging markets, he is well positioned to accelerate our digital expansion and our contributions to the growth of the Bangladesh economy. I also extend my heartfelt thanks to Erik Aas for his outstanding leadership over the past nine years, during which Banglalink has become a nation-wide operator, offering a superior 4G experience and market-defining digital services through Toffee, MyBL and RYZE.”  

Banglalink CEO Erik Aas said: “Over the past nine years, it has been a privilege to lead the terrific Banglalink team, bringing VEON’s innovative spirit, ‘4G for all’ focus and digital services to millions of Bangladeshis. I’m pleased to pass the mantle to a highly qualified successor like Johan Buse, who I’m sure will take Banglalink to new heights in service of Bangladesh, with the support of a world-class team.”  

Johan Buse said: “I very much look forward to taking over the leadership baton from Erik and having the privilege to lead Banglalink at this important time where the future is filled with customer-focused value creating opportunities. As Bangladesh goes through a historic period of change, transforming the digital landscape of the country by equipping the people of Bangladesh with highly demanded digital and connectivity services is more important than ever. We have a great opportunity to leverage VEON’s digital expertise and the skills of Banglalink’s world-class team to accelerate the efforts to bridge the digital divide, foster innovation and create opportunities that will positively impact the lives of millions in Bangladesh. I am looking forward to realizing these opportunities with our team and our customers.” 

About Banglalink

Banglalink is one of the leading digital communications service providers in Bangladesh, working to unlock new opportunities for its customers as they navigate the digital world. Driven by the vision of transforming lives through technology, Banglalink also strives to transform into a future-ready service provider capable of catering to the demands of the new digital era. It is a subsidiary of VEON Ltd - a Nasdaq listed connectivity provider headquartered in Dubai. For more information, visit:

About VEON

VEON is a Nasdaq-listed digital operator that provides connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. For more information visit:

Disclaimer

This release contains “forward-looking statements”, as the phrase is defined in Section 27A of the

U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s corporate strategy, growth expectations and management structure. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.

Contact Information

Hande Asik

Group Director of Strategy and Communications



Attachment



EN
17/03/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on VEON Ltd. Sponsored ADR

 PRESS RELEASE

Ahead of Its Historic Listing on Nasdaq, Kyivstar Group Completes Bus...

Ahead of Its Historic Listing on Nasdaq, Kyivstar Group Completes Business Combination with Cohen Circle Kyiv, New York, Dubai, and Philadelphia – 14 August 2025  - VEON Ltd. (Nasdaq: VEON) (“VEON”), a global digital operator and parent company of Ukraine’s leading digital operator JSC Kyivstar (“Kyivstar”), and Cohen Circle Acquisition Corp. I (Nasdaq: CCIR) (“Cohen Circle”), a special purpose acquisition company, have today closed the previously announced business combination between Kyivstar Group Ltd. and Cohen Circle (the “Business Combination”), which will make Kyivstar Group Ltd. a...

 PRESS RELEASE

VEON Completes Sale of Beeline Kyrgyzstan

VEON Completes Sale of Beeline Kyrgyzstan Dubai, August 13, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), announces that it has completed the sale of its 50.1% indirect stake in Sky Mobile LLC, operating under the Beeline brand in Kyrgyzstan, to Open Joint Stock Company “Eldik Bank” (“Eldik Bank”). The transaction was completed following receipt of all necessary regulatory approvals. This transaction follows VEON’s previously announced strategy to simplify its group structure and optimize its portfolio, focusing on countries with larger populations and with opportu...

 PRESS RELEASE

VEON’s Kyivstar Delivers First Messages via Starlink in Direct to Cel...

VEON’s Kyivstar Delivers First Messages via Starlink in Direct to Cell Satellite Connectivity Test in Ukraine Dubai and Kyiv, August 12, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, today announces that Kyivstar, its digital operator in Ukraine, has successfully conducted a test of satellite and terrestrial network integration using Starlink Direct to Cell technology. This is the first field test of of Starlink Direct to Cell in eastern Europe.  During the pilot in the Zhytomyr region, Kyivstar CEO Oleksandr Komarov and Ukraine’s Minister of Digital Transformation, Mykhail...

Chris Hoare
  • Chris Hoare

VEON (Buy, TP: $65/ADR, +24%) Q2 25: Tracking well, guidance lifted

VEON delivered another round of decent growth across almost all geographies, driving 6% revenue growth and 13% EBITDA growth in US$. As a result, it lifted local currency revenue and EBITDA guidance by 1%, a function of the acquisition of Uklon rather than underlying upgrades.

 PRESS RELEASE

VEON 2Q25 Earnings Release: Direct Digital Revenues Up 57% YoY. Solid ...

VEON 2Q25 Earnings Release: Direct Digital Revenues Up 57% YoY. Solid Execution, Strong Results VEON 2Q25 Earnings Release: Direct Digital Revenues Up 57% YoY. Solid Execution, Strong Results Dubai, August 7, 2025 VEON 2Q25 Highlights Total revenue growth of 5.9% YoY to USD 1,087 million (11.2% YoY in local currency terms) EBITDA growth of 13.2% YoY to USD 520 million (19.6% YoY in local currency terms) Direct digital revenue growth of 56.6% YoY to USD 180 million (+62.4% YoY in local currency terms), representing 16.5% of revenues for quarterTotal cash and cash equivalents and deposits ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch