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 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...
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 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...
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 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, 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...
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 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 ...
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...
Mobilink Bank Wins GLOMO Award for Invisible Heirs Campaign Barcelona and Islamabad, March 06, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, proudly announces that its subsidiary, Mobilink Microfinance Bank, has been awarded the ‘CMO Marketing Campaign’ Award at the GSMA Global Mobile (GLOMO) Awards during Mobile World Congress 2025. The award recognizes Mobilink Bank’s Invisible Heirs campaign, which addresses the systemic issue of women being denied their rightful inheritance and empowers them with tools to claim what is lawfully theirs. The Invisible Heirs campaign aims to...
VEON’s Jazz to Deploy 1,000 Solar Sites across Pakistan in collaboration with Huawei Barcelona, 05 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today marked the agreement between Jazz, its digital operator in Pakistan, and Huawei to deploy solar power in Jazz’s 1,000 sites across Pakistan. The solarization of the sites, powered by the iSolar technology of Huawei, will be completed within the coming months, facilitating Jazz’s transition to sustainable telecom network infrastructure with green energy. The initiative will support an energy cost red...
VEON’s Beeline Uzbekistan to Deploy Predictive AI for Enhanced Customer Experience Dubai and Tashkent, 04 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces that Beeline Uzbekistan, its digital operator in Uzbekistan, will work with P.I. Works, a global leader in AI-driven network automation, to deploy customer experience management with predictive analytics. Through simulations of service performance based on system intelligence and machine learning insights, P.I. Works will enable Beeline Uzbekistan to further enhance service quality ...
February was another good month for our top EM Telcos, now up 15% YTD on average. This note also includes key news & other thoughts in order to help investors generate alpha within the EM Telco space. With performance strong so far, we make no changes to our picks.
VEON Highlights Role of Investments in Rebuilding Ukraine, Renews “Invest in Ukraine, NOW!” Call in Kyiv Visit Kyiv and Dubai, 26 February 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, together with its 100%-owned subsidiary Kyivstar, highlighted its investments in Ukraine’s digital infrastructure during the visit of the VEON delegation to Kyiv. The VEON delegation, led by VEON Chairman and Founder Augie Fabela, VEON CEO Kaan Terzioglu, met with the Kyivstar team commemorating the third anniversary of the war and renewing VEON’s commitment to investing in Ukraine’s recovery...
VEON’s Kyivstar and the Come Back Alive Foundation Raise USD 2.6 Million for Demining in Ukraine Dubai and Kyiv, February 14, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, announces that VEON’s wholly owned digital operator in Ukraine Kyivstar, together with the Come Back Alive Foundation, has jointly raised nearly UAH 107 million (USD 2.6 million) for the We Live Here 2.0 project to support demining of Ukrainian territory. The Ministry of Economy of Ukraine provided informational support for the campaign. Over 140,000 square kilometers of Ukraine are contaminated by landmines...
VEON’s JazzCash and Mobilink Bank Shortlisted for Prestigious GLOMO Awards Dubai and Islamabad, February 12 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces that it has been shortlisted for two Global Mobile (GLOMO) Awards at the upcoming MWC 2025. JazzCash, which is Pakistan’s largest fintech with nearly 20 million monthly active users, was shortlisted for the ‘Best Fintech Innovation’ award. Mobilink Microfinance Bank, VEON’s digital banking subsidiary in Pakistan, was nominated for the ‘CMO Marketing Campaign’ award. JazzCash earned its ...
We update the NSR GEM Top Picks list. No stocks are dropped, and we add LILAC and TIM Brasil to our list, extending it to a Top-10 list from Top-8. Our picks had a good start, up 12% on average since the start of the year. This note also includes key news & other thoughts in order to help investors generate alpha within the EM Telco space.
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