New Street Research - VEON Ltd. Sponsored ADR (VEON) VEON (Buy, TP: $40, +50%) Jazz secured PKR 75bn (US$270m) credit facility in Pakistan. Our thoughts.

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New Street Research

Chris Hoare

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VEON (Buy, TP: $40, +50%) Jazz secured PKR 75bn (US$270m) credit facility in Pakistan. Our thoughts.

VEON announced that it has secured a 10-year credit facility of PKR75bn (US$270m) by Jazz in Pakistan. A positive development to the Group as it makes it easier to refinance the US$690m HQ debt due in 2025.

23/07/2024 1 EN

Underlying

VEON Ltd. Sponsored ADR

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US91822M1062 NASDAQ Stock Market United States

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New Street Research

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Chris Hoare

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VEON (Buy, TP: $40, +50%) Jazz secured PKR 75bn (US$270m) credit facility in Pakistan. Our thoughts.

VEON (Buy, TP: $65, +93%) Q3 24 Quick Take: Revenue in-line but EBITDA softer; Guidance cut

VEON (Buy, TP: $65 from $40, +117%) Focus on Digital, Buy, PT to US$65/ADR

EMEA & African Telcos & Towers - High Yield Review – Initiate Coverage on Axian Telecom and Liquid Intelligent Technologies, plus VEON, IHS Towers & Helios

Alphabet (GOOGL, Buy, $213 target) Forget Chrome, 3P payments are the heart of the issue

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

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