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 PRESS RELEASE

VEON and Kyivstar Fulfill Commitment to Invest USD 1 Billion in Ukrai...

VEON and Kyivstar Fulfill Commitment to Invest USD 1 Billion in Ukraine over 2023-2027 Ahead of Schedule Dubai, Kyiv and New York, April 29, 2026: VEON Ltd. (Nasdaq: VEON), a global digital operator and the parent company of Ukraine’s leading digital operator Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), today announced that VEON and Kyivstar have fulfilled their 2023-2027 investment commitment to Ukraine ahead of schedule, exceeding the companies’ USD 1 billion investment commitment by 30%. Kyivstar’s investments have focused on safeguarding and expanding Ukraine’s connectivity backbone whi...

Chris Hoare
  • Chris Hoare

Global EM Telcos What is the likely impact of the Iran war on EM Telc...

Oil prices create a macro headwind to the EM telco sector, as was seen after the Russian invasion of Ukraine. However, as the cliché says, history doesn’t repeat, it rhymes, and with many emerging countries mandating work from home we think this time is more likely to be a mix of Covid (positive) and Ukraine (negative) to EBITDA growth. This note shows what happened in these two previous shocks to help investors navigate the next few quarters.

 PRESS RELEASE

VEON Boosts Accessibility for Investors by Waiving Depositary Service ...

VEON Boosts Accessibility for Investors by Waiving Depositary Service Fees on American Depositary Shares Dubai and New York, April 24, 2026 – VEON Ltd. (NASDAQ: VEON), a global digital operator (the “Company” or “VEON”), announces that, effective January 1, 2026, BNY Mellon will not collect depositary service fees (“DSF”) from investors that hold VEON’s American Depositary Shares (“ADSs”). The suspension of DSF charges for investors effectively reduces the cost of ownership by USD 0.05 per ADS per year and enhances accessibility for both existing and prospective investors. "VEON’s steps to...

 PRESS RELEASE

VEON 2025 Integrated Annual Report: Record Digital Growth, Sovereign A...

VEON 2025 Integrated Annual Report: Record Digital Growth, Sovereign AI and Kyivstar Listing Define a Transformative Year Dubai and New York, April 23, 2026: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”, and together with its subsidiaries the “Group”), today announces the publication of its 2025 Integrated Annual Report (“IAR 2025”), showcasing a defining year of digital and financial performance and continued progress in strengthening the Group’s Environmental, Social, and Governance (“ESG”) program. The IAR 2025 provides stakeholders with an overview of VE...

 PRESS RELEASE

VEON’s Banglalink to Bring Starlink Mobile to Customers in Bangladesh

VEON’s Banglalink to Bring Starlink Mobile to Customers in Bangladesh Bangladesh becomes the third market where VEON and Starlink Mobile partner on bringing direct-to-device satellite connectivity to users Dhaka, Dubai and New York, April 22, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or, together with its subsidiaries, “VEON Group”), announces that its Bangladesh subsidiary Banglalink has signed an agreement with Starlink Mobile to integrate Starlink’s direct-to-device satellite connectivity in remote areas with Banglalink’s terrestrial coverage in Bangladesh. Ba...

 PRESS RELEASE

VEON to Release 1Q26 Earnings Update on May 13, 2026

VEON to Release 1Q26 Earnings Update on May 13, 2026 VEON to Release 1Q26 Earnings Update on May 13, 2026 Dubai and New York, April 17, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator (together with its subsidiaries “VEON Group” or “the Group”), today confirms that it will release its financial and operating results for the first quarter ended March 31, 2026, at 8:00 GST (0:00 EST) on May 13, 2026. VEON Group will also host a results conference call with senior management at 16:00 GST (8:00 EST) on the same day. 1Q26 results conference call To register and access the event, p...

 PRESS RELEASE

VEON and JazzWorld Receive Competition Commission of Pakistan Approval...

VEON and JazzWorld Receive Competition Commission of Pakistan Approval for Acquisition of TPL Insurance Competition clearance marks next step in building comprehensive digital financial services ecosystem, accelerating digital financial services in Pakistan Dubai, New York and Karachi – April 14, 2026 – VEON Ltd. (Nasdaq: VEON, “VEON”), a global digital operator, today announced that the Competition Commission of Pakistan (“CCP”) has authorized the acquisition of TPL Insurance Limited (“TPL Insurance”) by its subsidiary Jazz International Holding Limited (“JIH”). The clearance, granted fol...

 PRESS RELEASE

VEON Announces 2026 AGM and Board Nominees

VEON Announces 2026 AGM and Board Nominees Dubai and New York, March 31, 2026 – 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 2026 Annual General Meeting of Shareholders (the “AGM”) for May 11, 2026 at 12:00 Gulf Standard Time. The record date for the AGM has been set for March 31, 2026. The Board and its Nomination Committee have recommended VEON’s seven current Board members for re-election at the AGM. The recommended nominees are Augie K Fabela II, Andrei Gusev...

 PRESS RELEASE

JazzCash Onboards Its 1 Millionth Merchant on Pakistan’s National Digi...

JazzCash Onboards Its 1 Millionth Merchant on Pakistan’s National Digital Payments Platform, Advancing the Country’s Cashless Economy Dubai, New York and Islamabad, March 30, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), today announced that its subsidiary JazzCash has onboarded its 1 millionth Raast QR-enabled merchant, marking a major milestone in Pakistan’s journey toward a cashless and digitally inclusive economy. Raast is Pakistan's national instant payment system – a digital payments infrastructure launched by the State Bank of Pakistan in 2021. Raast enables...

 PRESS RELEASE

VEON Reinforces Alignment with Shareholder Value Creation

VEON Reinforces Alignment with Shareholder Value Creation Dubai and New York, March 27, 2026 — VEON Ltd. (Nasdaq: VEON; “VEON” or the “Company”), a global digital operator, today provided an update underscoring the strong alignment between its management and shareholders, reflected in meaningful share ownership and disciplined capital allocation. As of the date of this release, members of VEON’s management collectively hold 1.84% of the Company’s total share capital in the form of American Depositary Shares (ADSs). This level of ownership reflects a clear and tangible alignment with shareh...

 PRESS RELEASE

VEON Highlights Uklon’s Expansion into Travel, Strengthening its Mobil...

VEON Highlights Uklon’s Expansion into Travel, Strengthening its Mobility Ecosystem in Ukraine Kyiv, Dubai and New York, March 25, 2026 – VEON Ltd. (NASDAQ: VEON), a global digital operator (the “Company” or “VEON”), today announced that Uklon has expanded its mobility ecosystem with the launch of a new “Travel” service, enabling users to book domestic and international bus tickets directly within the Uklon app. Uklon is Ukraine’s leading ride-hailing service and a subsidiary of Kyivstar (Nasdaq: KYIV; KYIVW), VEON’s digital operator in Ukraine. The new Travel service builds on Uklon’s ...

 PRESS RELEASE

VEON Strengthens Leadership Team to Accelerate Digital Ambition

VEON Strengthens Leadership Team to Accelerate Digital Ambition Senior executive appointments are to enhance country operations and VEON Group’s digital assets strategy Dubai,New York, Astana and Tashkent, March 17, 2026 – VEON Ltd. (NASDAQ: VEON), a global digital operator (the “Company” or “VEON”), today announces a series of upcoming leadership appointments, strengthening organizational capabilities and positioning the company for further growth across its headquarters and market teams. Yevgeniy Nastradin will take the helm as the Chief Executive Officer of Beeline Uzbekistan. Yevgeni...

 PRESS RELEASE

VEON Files its 2025 Annual Report on Form 20-F

VEON Files its 2025 Annual Report on Form 20-F Dubai and New York, March 16, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator (‘VEON’ or the ‘Company’), today announces that it has filed its Annual Report on Form 20-F for the year ended December 31, 2025 (the "2025 20-F") with the U.S. Securities and Exchange Commission at The filing follows the completion of the audit of the VEON Ltd. 2025 financial statements by the Company’s independent auditor UHY LLP according to Public Company Accounting Oversight Board standards. The 2025 20-F is also available on the Financial Results s...

Chris Hoare
  • Chris Hoare

Kyivstar (Buy, $16.4, +61%) [Sponsored Research] 4Q25 Quick Take: Goo...

Kyivstar published a good set of quarterly results and released guidance for 2026 that was ahead of us. See below for our brief takeaway.

Chris Hoare
  • Chris Hoare

VEON (Buy, $100, +126%) [Sponsored Research] Q4 25 Quick Take: Very s...

VEON printed a strong quarter, with Q4 revenue beating us by 4% and EBITDA ahead of us by 16%. The company has also announced a shareholder remuneration policy consisting of a minimum of $100m in share buybacks annually. However, we were surprised to hear of a $170m charge to settle claims from a previous minority partner in Pakistan

 PRESS RELEASE

VEON Delivers Record Digital Growth: 4Q25 Digital Revenues Grow 84% to...

VEON Delivers Record Digital Growth: 4Q25 Digital Revenues Grow 84% to 20.1% of Total, Driving 17% Revenue and 29% EBITDA Growth in 4Q25 VEON Delivers Record Digital Growth: 4Q25 Digital Revenues Grow 84% to 20.1% of Total, Driving 17% Revenue and 29% EBITDA Growth in 4Q25 Dubai and New York, March 13, 2026 – VEON Ltd. (NASDAQ: VEON), a global digital operator, today announced strong financial and operating results for the fourth quarter and full year ended December 31, 2025. Key Highlights – Fourth Quarter 2025 Total revenue grew 17.4% year-on-year (“YoY”) to USD 1,171 million.EBITDA in...

 PRESS RELEASE

VEON’s Largest Market Pakistan Almost Triples Mobile Spectrum in Refor...

VEON’s Largest Market Pakistan Almost Triples Mobile Spectrum in Reform Push; Jazz Secures Largest Allocation with 190 MHz Islamabad, Dubai and New York - March 10, 2026: VEON Ltd. (Nasdaq: VEON, “VEON”), a global digital operator, is pleased to note the successful mobile spectrum auction held today in its largest market Pakistan. With the auction, the Pakistani Government nearly triples the spectrum available to mobile operators, with VEON’s subsidiary Jazz, Pakistan’s leading connectivity provider under JazzWorld, securing the largest allocation of 190 MHz. The auction increased the spec...

 PRESS RELEASE

VEON and JazzWorld Advance Pakistan’s Digital Financial Future with Ac...

VEON and JazzWorld Advance Pakistan’s Digital Financial Future with Acquisition of TPL Insurance Acquisition to further financial inclusion through integrated digital financial services ecosystem Dubai, New York and Karachi – March 6, 2026 – VEON Ltd. (Nasdaq: VEON, “VEON”), a global digital operator, today announced that its subsidiary Jazz International Holding Limited (“JIH”) has entered into a definitive agreement to acquire a controlling stake in TPL Insurance Limited (“TPL Insurance”), a publicly listed insurance firm in Pakistan. The transaction, which marks a new milestone for VEON...

 PRESS RELEASE

VEON’s Beeline Uzbekistan and Rakuten Symphony Partner for Open RAN, ...

VEON’s Beeline Uzbekistan and Rakuten Symphony Partner for Open RAN, AI Collaboration Tokyo, Tashkent and Barcelona , March 4, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator, and Rakuten Group, Inc. today announce that Beeline Uzbekistan, VEON’s digital operator in Uzbekistan, and Rakuten Symphony, a subsidiary of Rakuten Group, have signed a Memorandum of Understanding (MoU) to explore strategic collaborations that support the development of Uzbekistan’s fast-growing digital economy, including on Open RAN development, AI-powered network intelligence and next-generation digital...

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