VEON VEON Ltd. Sponsored ADR

VEON Highlights Role of Investments in Rebuilding Ukraine, Renews “Invest in Ukraine, NOW!” Call in Kyiv Visit

VEON Highlights Role of Investments in Rebuilding Ukraine, Renews “Invest in Ukraine, NOW!” Call in Kyiv Visit

Kyiv and Dubai, 26 February 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, together with its 100%-owned subsidiary Kyivstar, highlighted its investments in Ukraine’s digital infrastructure during the visit of the VEON delegation to Kyiv.

The VEON delegation, led by VEON Chairman and Founder Augie Fabela, VEON CEO Kaan Terzioglu, met with the Kyivstar team commemorating the third anniversary of the war and renewing VEON’s commitment to investing in Ukraine’s recovery and reconstruction, held a series of bilateral meetings with key government stakeholders and participated in the Yalta European Strategy (YES) Special Meeting.

In bilateral meetings with government stakeholders, including Mykhailo Federov, Deputy Prime Minister for Innovation, Education, Science and Technology Development - Minister of Digital Transformation of Ukraine and Oleksiy Chernyshov, Deputy Prime Minister - Minister of National Unity of Ukraine, VEON and Kyivstar highlighted the work in maintaining critical connectivity and digital services for Ukraine and underscored the role of investments in rebuilding the country. The delegation advocated for immediate investments in the country’s recovery, highlighting VEON’s plan to invest USD 1 billion into Ukraine over 2023-2027, and the progress towards indirectly listing Kyivstar on the Nasdaq Stock Market LLC in the United States, which would make Kyivstar the only Ukrainian business whose shares would be publicly traded in the United States.

“VEON is deeply committed to Ukraine’s future, and to the critical role the private sector and international investments must play in the country’s recovery and reconstruction. It is a privilege to be on the ground in Ukraine at this historically important time, discussing our investment plans that will support building the future of Ukraine," said Augie Fabela, VEON Board Chairman and Founder. "Together with Kyivstar, VEON will continue to support Ukraine by investing in its digital economy, promoting investment opportunities in Ukraine, and bringing game-changing vital technologies like Starlink’s direct-to-cell service to the country.”

VEON is the parent company and the sole owner of Kyivstar, Ukraine’s leading digital operator with the country’s largest mobile and fixed-line connectivity businesses that serve nearly 24 million connectivity customers. Kyivstar offers a wide range of digital services to consumers and Ukrainian businesses, including the digital healthcare platform Helsi, with a registered user base of 28 million, and the entertainment streaming platform Kyivstar TV, as well as cloud, cybersecurity and AI solutions.

About VEON

VEON is a digital operator that provides converged 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. VEON is listed on NASDAQ. 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 and plans to indirectly list Kyivstar on a U.S. stock exchange. These statements are based on management’s current expectations and are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may impact VEON’s, ability to enter into a definitive agreement in respect of the indirect listing of Kyivstar on a U.S stock exchange or otherwise complete the proposed indirect listing of Kyivstar on a U.S stock exchange. 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 

VEON  

Hande Asik 

Group Director of Communication 





EN
26/02/2025

Underlying

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

Reports on VEON Ltd. Sponsored ADR

Chris Hoare
  • Chris Hoare

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

With sentiment, leverage and cash flow all improving for EM Telcos we think we are approaching the point of the cycle where M&A is going to become more prevalent, and shift from bearish (in-market consolidation), to bullish (out of footprint). Investors should consider building portfolios based on likely targets. Who are they?

 PRESS RELEASE

VEON Progresses in Kyivstar Group’s Nasdaq Listing with the Public Fil...

VEON Progresses in Kyivstar Group’s Nasdaq Listing with the Public Filing of Registration Statement on Form F-4 Dubai and Kyiv, June 5, 2025 – VEON Ltd. (Nasdaq: VEON) (“VEON”), a global digital operator, announces the public filing of a registration statement on Form F-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) in connection with the listing of Kyivstar Group Ltd. (“Kyivstar Group”), the parent company of Ukraine’s leading digital operator JSC Kyivstar, on the Nasdaq Stock Market LLC (“Nasdaq”). This filing represents a milestone in VEON’s pl...

 PRESS RELEASE

Kyivstar Group Reports First Quarter 2025 Financial Results in Conjunc...

Kyivstar Group Reports First Quarter 2025 Financial Results in Conjunction with its Nasdaq Listing Process Total operating revenue reaches USD 255 million or UAH 10.6 billion, up 37.1% year-on-year in USD and 49.6% in local currency termsProfit for the period amounts to USD 44 million, up 22.2% year-on-year in USD and 33.7% in local currency terms, with a profit margin of 17.3%Adjusted EBITDA1 reaches USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency terms, with an adjusted EBITDA margin1 of 54.9% Completes acquisition of Uklon, Ukraine’s leading ride-hailing busi...

 PRESS RELEASE

Empowering Kazakh Students: VEON’s Beeline Kazakhstan introduces AI-ba...

Empowering Kazakh Students: VEON’s Beeline Kazakhstan introduces AI-based Tutor powered by KazLLM Dubai and Astana, June 3, 2025:  VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” and together with its subsidiaries, the “Group”), is pleased to announce the launch of “AI Tutor”, a collaboration of Beeline Kazakhstan and Qazcode. AI Tutor is an AI-powered learning assistant designed to support children’s and adults’ learning experience in Kazakh language. Built on the locally developed KazLLM large language model, AI Tutor represents a step in digital inclusion and educational acc...

 PRESS RELEASE

VEON and Engro Corporation Complete Pioneering Infrastructure Partners...

VEON and Engro Corporation Complete Pioneering Infrastructure Partnership in Pakistan Islamabad and Dubai, June 3, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or “the Company”), announces that it has successfully closed the partnership for the pooling and management of telecommunications infrastructure assets in Pakistan with Engro Corporation Limited (“Engro Corp”). VEON’s infrastructure assets housed under Deodar (Private) Limited have now vested into Engro Connect, a subsidiary of Engro Corp. VEON’s digital operator Jazz will continue to lease Deodar’s extensive ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch