reports
VEON appoints Burak Ozer as Group Chief Financial Officer
VEON appoints Burak Ozer as Group Chief Financial Officer Dubai, 9 January 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces the appointment of Burak Ozer as Group Chief Financial Officer (Group CFO), effective 9 January 2025. Burak will succeed Joop Brakenhoff, who will continue to serve VEON as an Advisor to the Group CEO. Burak brings over 27 years of extensive international experience within the finance sector. Burak started his career with Xerox where he held a number of key financial positions in the USA and the UK in addition to servi...
- Chris Hoare
African & EMEA Telcos & Towers Outlook 2025; Catching back what was l...
The last 2 years have been tough for African Telcos, with strong macro headwinds driving currency weakness and cost pressures. However, we exited 2024 with some signs that trends are inflecting. AAF remains our top pick in Africa as it offers Bharti-style execution at a fraction of the multiple, and VEON our top pick overall.
- Chris Hoare
Global EM Telcos & Towers Themes and Top picks for 2025
We remain constructive on EM Telcos despite the major stocks generally performing well through 2023 and 2024. As the long telco cycle inflects, and the industry consolidates, conditions still seem ripe for GDP+ revenue growth and rising ROIC we think. In this note, we run through the themes we think investors should follow in 2025. In a separate note, also published today we introduce the NSR EM Telco – Top 8, our top EM picks in the Telco and Towers space.
- Chris Hoare
Global EM Telcos & Towers Introducing the NSR Global EM Telco & Tower...
This note introduces the NSR GEM-Top 8, which will be a regularly updated list of our preferred Telcos and Towers in Global Emerging Markets. In a separate note out today, we run through the key themes that we see driving the EM Telco and Towers sector in 2025
In a Groundbreaking Agreement, VEON and Starlink to Bring Starlink Dir...
In a Groundbreaking Agreement, VEON and Starlink to Bring Starlink Direct-to-Cell Satellite Connectivity to Kyivstar Customers Dubai and Kyiv, 30 December 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or “VEON Group”), today announces that Kyivstar, its digital operator in Ukraine, has signed an agreement with Starlink, a division of SpaceX, to introduce groundbreaking direct-to-cell satellite connectivity in Ukraine. Upon its launch, the service will make Ukraine one of the first countries to have the game-changing Starlink direct-to-cell service, enhancing the resili...
- Chris Hoare
VEON Completes the Move of its Headquarters to Dubai
VEON Completes the Move of its Headquarters to Dubai Dubai, 19 December 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces that it has completed the move of its Group headquarters from Amsterdam to Dubai, United Arab Emirates. This announcement follows the approvals in the meetings of the VEON Board of Directors in Amsterdam on 12 December 2024 and in Dubai on 19 December 2024 to move the place of effective management of VEON Ltd. to the Dubai International Financial Centre (DIFC). These approvals, coupled with the headquarter activities tha...
- Chris Hoare
Sub-Saharan African Telecoms Solid quarter; Q3 24 review
Q3 was a solid quarter for the Sub-Saharan African (SSA) operators. Airtel Africa continued to outperform peers from an EBITDA and capex perspective. We recently wrote on AAF’s strength of execution (HERE) where we also highlighted the extent of its outperformance which may surprise investors.
- Chris Hoare
VEON discloses its unaudited interim condensed consolidated financial ...
VEON discloses its unaudited interim condensed consolidated financial statements for 3Q and 9M 2024 Dubai and Amsterdam, 13 December 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), following the release of its 3Q24 trading update on 14 November 2024, today discloses its unaudited interim condensed consolidated financial statements for the three-month and nine-month periods ended 30 September 2024 for VEON Ltd. The Financial Statements are available on the VEON Group website at . About VEONVEON is a Nasdaq-listed digital operator that provides converged connectivity and...
Kyivstar and Jazz Secure Double Win for VEON at The World Communicati...
Kyivstar and Jazz Secure Double Win for VEON at The World Communication Awards 2024 London, 12 December 2024 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that it won in two categories at the World Communication Awards 2024. Kyivstar, VEON’s digital operator in Ukraine, received the Crisis Response Award, while Jazz, the Company’s operator in Pakistan, received the Best Operator in a Growth Market Award. Both companies and VEON were commended for their positive impact and dedication to the markets in which they operate, during the awards ceremo...
Kazakh Language Gets its National LLM with a Groundbreaking Partnershi...
Kazakh Language Gets its National LLM with a Groundbreaking Partnership of Kazakh Research Institutions and VEON’s QazCode Dubai, Amsterdam and Astana, 11 December 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator, is pleased to note the launch of an open-source Kazakh-language large language model (Kaz-LLM), developed by a consortium coordinated by the Ministry of Digital, Innovations, and Aerospace Industry of the Republic of Kazakhstan. The development of Kaz-LLM was led by the Institute of Smart Systems and Artificial Intelligence at the Nazarbayev University (ISSAI NU) of Kazak...
- Chris Hoare
VEON Approves Launch of the Initial USD 30 Million Phase of its Share ...
VEON Approves Launch of the Initial USD 30 Million Phase of its Share Buyback Program Dubai and Amsterdam, 9 December 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that its Board of Directors has approved the commencement of the first phase of its previously announced share buyback program with respect to the Company’s American Depositary Shares (“ADS”). This first phase of the buyback will be in the amount of up to USD 30 million. This USD 30 million first phase is part of VEON’s larger plan to execute a share buyback program of up to U...
- Chris Hoare
VEON (Buy, TP: $65, +88%) Significant Tower Disposal in Pakistan
VEON has announced a significant step on its Tower disposal programme, selling all its Pakistani Towers for $563m. Given the deal represents c.25% of VEON’s current market cap and was not in our view priced in, this should be taken positively.
VEON and Engro Corp Announce Strategic Partnership for Telecommunicat...
VEON and Engro Corp Announce Strategic Partnership for Telecommunications Infrastructure Amsterdam, Dubai and Islamabad, 5 December 2024 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that it is entering into a strategic partnership with Engro Corporation Limited (“Engro Corp”) with respect to the pooling and management of its infrastructure assets, starting in Pakistan. In the first phase of the partnership, VEON’s infrastructure assets housed under Deodar (Private) Limited (“Deodar”), a VEON Group company wholly owned by VEON through its subs...
In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfre...
In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON’s Corporate Rights on Kyivstar Amsterdam, Dubai and Kyiv, December 3, 2024 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), shares the following open letter by its Group CEO Kaan Terzioglu to VEON investors on the recent decision by the Shevchenkivskyi District Court of Kyiv, unfreezing VEON's corporate rights on Kyivstar and VEON's other Ukrainian subsidiaries (Ukraine Tower Company, KyivstarTech and Helsi). Dear Valued VEON Investor, On Friday, we reached another milestone in VEON’s growt...
VEON’s Kyivstar Launches GenAI Lab with Amazon Web Services (AWS) to D...
VEON’s Kyivstar Launches GenAI Lab with Amazon Web Services (AWS) to Drive Business Innovation and Support Ukraine’s Economic Recovery Amsterdam, Dubai and Kyiv, 02 December 2024 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces the launch of a generative AI lab by Kyivstar in partnership with Amazon Web Services (AWS). This initiative will help Ukrainian enterprises introduce AI technologies with the aim to enhance business processes and contribute to the country’s long-term economic recovery. Harnessing the power of AWS cloud solutions, the new la...
- Chris Hoare
VEON Welcomes Unfreezing of its Corporate Rights in Kyivstar, Supporti...
VEON Welcomes Unfreezing of its Corporate Rights in Kyivstar, Supporting Ukraine’s Recovery and Resilience Amsterdam, Dubai and Kyiv, 29 November 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), is pleased to announce that the Shevchenkivskyi District Court of Kyiv has ruled in favor of a request to unfreeze 47.85% of VEON’s corporate rights in Kyivstar and 100% of VEON’s corporate rights in its other Ukrainian subsidiaries (Ukraine Tower Company, Kyvistar Tech and Helsi). The decision fully removes the restrictions on VEON’s corporate rights imposed by t...
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