Report
Alastair Jones

New Street: VEON (Neutral, TP: US$2.60, +24%) Q221: Strong recovery in trends continue

VEON has reported a solid set of Q221 results, reflecting continued turnaround in Russia where mobile service revenue growth turned positive for the first time since Q119. Despite this, however, MTS continues to take share, so more work is needed to defend its share in the market.
Underlying
VEON Ltd. Sponsored ADR

Provider
New Street Research
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
  • Japan Telecoms
  • Asian Internet
  • Pan European Healthcare
  • Global healthcare thematic research

We provide debt research on:

  • Pan European Telecom Services and Cable


Analysts
Alastair Jones

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