reports
- Chris Hoare
Global EM Telcos & Japanese Telcos Tariffs – Impact on Global EM & Ja...
Perhaps the biggest surprise from last night’s White House announcement was the scale of tariffs imposed on Asian exporters (and South Africa). Being an ally of America provided no benefit with Thailand (36%) facing higher tariffs than China (34%). By contrast, Latin America and Sub-Saharan Africa are less negatively impacted, and may even benefit overall from dollar weakness. We run through likely implications for our coverage in Global EM and Japan. Spoiler alert: we see Rakuten as most negati...
- Chris Hoare
- Chris Hoare
VEON Announces 2025 AGM and Board Nominees
VEON Announces 2025 AGM and Board Nominees Dubai, March 31, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, (“VEON” or the “Company”), today announced that its Board of Directors (the “Board”) has set the date for the Company’s 2025 Annual General Meeting of Shareholders (the “AGM”) for May 8, 2025. The record date for the AGM has been set for March 31, 2025. The Board and its Remuneration and Governance Committee have recommended VEON’s seven current Board members for re-election at the AGM, including among them five nominees by statutory requisition from shareholders holdin...
VEON Returns to Capital Markets with Successful Syndication of USD 210...
VEON Returns to Capital Markets with Successful Syndication of USD 210 Million Term Loan Dubai, March 27, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, today announces the successful syndication of a 24-month, USD 210 million senior unsecured term loan under a new facility agreement from a consortium of international lenders, including ICBC Standard Bank and leading GCC banks. “I am pleased to mark VEON’s return to the capital markets with the successful syndication of this new USD 210 million term loan from a group of leading international banks and investors. This new deb...
VEON Appoints Anand Ramachandran as Corporate Development Officer
VEON Appoints Anand Ramachandran as Corporate Development Officer Dubai, March 26, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces the appointment of Anand Ramachandran as Corporate Development Officer, effective from May 1, 2025. Anand will lead VEON’s Mergers & Acquisitions and Investor Relations teams. Anand joined VEON as Chief of Staff in September 2024, where he led a number of strategic initiatives involving internal, regional and global stakeholders. Prior to joining VEON, Anand was with Singapore Telecom, where he served as Vice P...
- James Ratzer
- Russell Waller
M&A policy update – thoughts from Brussels and London with Pablo Asbo
It’s pretty clear that in-market M&A is a hot topic which we addressed in more detail in our recent sector M&A note. One of the reasons why speculation is rising about further deals is twofold we think: 1. Recent remedies in UK and Spain were non-intrusive in a historical context, making the deals attractive on a net basis; and 2. Politicians seem to be becoming more amenable to M&A, most notably Mario Draghi, and some are hoping that regulatory/legislative support will follow.
VEON and Airspan Sign MoU to Collaborate on Air-to-Land Network Soluti...
VEON and Airspan Sign MoU to Collaborate on Air-to-Land Network Solutions Supporting Ukraine’s Resilience Dubai and Kyiv, March 21, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, today signed a Memorandum of Understanding (“MoU”) with Airspan Networks Holdings LLC (“Airspan”), a U.S.-based provider of Open RAN solutions and network infrastructure. VEON and Airspan intend to collaborate in evaluating technical and commercial synergies for resilient network solutions in Ukraine, identifying joint business prospects in both public and private network sectors, and sharing expertis...
VEON Discloses Selected Key Financial Metrics About Uklon
VEON Discloses Selected Key Financial Metrics About Uklon Kyiv and Dubai, March 20, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, today provides additional selected financial information about Uklon group (“Uklon”) following its announcement on 19 March 2025 regarding the agreement signed between JSC Kyivstar (“Kyivstar”) and Uklon for Kyivstar to acquire 97% of the shares of Uklon, a leading Ukrainian ride-hailing and delivery platform. Uklon Key Financial and Operational Metrics, FY 2024 (preliminary, unaudited) Revenue (USD mln) 65 Revenue CAGR FY21 – FY24 (USD) 3...
- Chris Hoare
VEON to Proceed with USD 35 Million Share Buyback
VEON to Proceed with USD 35 Million Share Buyback VEON to Proceed with USD 35 Million Share Buyback Announcement marks second phase of USD 100 million share buyback program announced on August 1, 2024 Dubai, March 20, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that it will shortly commence the second phase of its previously announced share buyback program with respect to the Company’s American Depositary Shares (“ADS”). This second phase of the buyback will be in the amount of up to USD 35 million. The second phase of the share buyb...
VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024, Digital Se...
VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024, Digital Services Driving Growth VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024, Digital Services Driving Growth Dubai, March 20, 2025, 10:10 GST VEON FY24 Highlights Total revenue growth of 8.3% YoY to USD 4,004 million (+14.6% YoY in underlying local currency terms) EBITDA growth of 4.9% YoY to USD 1,691 million (+12.0% YoY in underlying local currency terms) Direct digital revenue growth of 63.0% YoY to USD 460 million (+64.1% YoY in local currency terms), representing 11.5% of revenues for the full year Total...
VEON’s Kyivstar Expands Digital Portfolio with Acquisition of Uklon, U...
VEON’s Kyivstar Expands Digital Portfolio with Acquisition of Uklon, Ukraine’s Top Ride-Hailing Business Kyiv and Dubai, March 19, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), today announces its wholly-owned subsidiary JSC Kyivstar (“Kyivstar”) has signed an agreement to acquire Uklon group (“Uklon”), a leading Ukrainian ride-hailing and delivery platform. This strategic acquisition marks Kyivstar’s expansion into a new area of digital consumer services in line with VEON’s digital operator strategy. Uklon operates in 27 cities across Ukraine and unites more than 1...
- Chris Hoare
VEON Moves Forward with Kyivstar’s Landmark Nasdaq Listing; Signs Defi...
VEON Moves Forward with Kyivstar’s Landmark Nasdaq Listing; Signs Definitive Business Combination Agreement with Cohen Circle Kyivstar, Ukraine’s largest digital operator, serves 24 million customers with fixed and mobile communication services.Expected to be the only U.S.-listed pure play Ukrainian investment opportunity.Consumer digital service portfolio includes healthcare platform Helsi with more than 28 million registered patients and streaming platform Kyivstar TV with 2 million monthly active users, while enterprise services include cloud, cybersecurity and AI solutions, and the ...
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 ...
- Chris Hoare
- Chris Hoare
VEON to release 4Q 2024 trading update on 20 March 2025
VEON to release 4Q 2024 trading update on 20 March 2025 VEON to release 4Q 2024 trading update on 20 March 2025 Dubai, 12 March 2025 – VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms that the Group will release its selected financial and operating results for the fourth quarter and full year ended 31 December 2024, at or around 10:00 GST (2:00 EST) on 20 March 2025. VEON will also host a results conference call with senior management at 16:00 GST (8:00 EST) on the same day. 4Q24 results conference call To register and access the event, ple...
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