VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice, data, and other telecommunication services through a range of wireless, fixed, and broadband internet services. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless internet access and mobile financial services; and mobile bundles and call completion services. It also offers fixed-line telecommunication services, such as voice, data, internet, and value added services for corporations, operators, and consumers, as well as sells equipment and accessories. The company provides its services under the Beeline, Kyivstar, Jazz, Djezzy, and banglalink brands in Russia, Pakistan, Algeria, Uzbekistan, Ukraine, Bangladesh, Kazakhstan, Kyrgyzstan, and Georgia. It serves approximately 210 million customers. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Amsterdam, the Netherlands.
IPO Year:
Exchange: NASDAQ
Website: veon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2024 | $48.00 | Buy | The Benchmark Company |
| 10/11/2023 | Buy | New Street | |
| 8/26/2021 | $2.70 | Underperform → Buy | BofA Securities |
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 holding in excess of 5% of our issued share capital. The recommended nominees are Augie K Fabela II, Andrei Gusev, Sir Brandon Lewis, Duncan Perry, the 70
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 debt facility reflects the market's strong confidence in VEON's strategy, financial health, and future. The new financing not only strengthens our liquidity position but also reinforces our commitm
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 President of Business Management in the Group CEO's Office. "Anand has already made significant contributions during his successful tenure at VEON, demonstrating strateg
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 expertise to drive innovation and adoption of new technologies that will further strengthen Ukraine's communications infrastructure. The collaboration will explore opportunities for the development, deployment, and te
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) 30% Number of Rides in 2024 > 100,000,000 Number of Deliveries in 2024 > 3,000,000 Partner / drivers in Ukraine, EoP > 100,000 Ukrainian citie
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 buyback program is being launched after completion of the USD 30 million first phase on January 27, 2025. VEON's Board of Directors approved a share buyback p
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 cash and cash equivalents and deposits of USD 1,691 million, with USD 481 million at headquarters ("HQ"); and gross debt at USD 4.4 billion (decreased by USD 311 million YoY), with net debt excl
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 100 thousand driver-partners on the platform. The company facilitated over 100 million rides and more than 3 million deliveries in 2024. In 2023, Uklon entered the deliveries business and expanded its operations
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 software development business Kyivstar Tech.Strong growth potential, including expansion into digital services and international partnerships such as Starlink direct-to-cell deployment. Transaction assigns a pro-forma valuation o
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 served as the Chief Commercial Officer of Ooredoo Oman and held senior positions at Deutsche Telekom Croatia, AXIS and Singtel. Johan will succeed Erik Aas who h
6-K - VEON Ltd. (0001468091) (Filer)
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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 holding in excess of 5% of our issued share capital. The recommended nominees are Augie K Fabela II, Andrei Gusev, Sir Brandon Lewis, Duncan Perry, the 70
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 President of Business Management in the Group CEO's Office. "Anand has already made significant contributions during his successful tenure at VEON, demonstrating strateg
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 served as the Chief Commercial Officer of Ooredoo Oman and held senior positions at Deutsche Telekom Croatia, AXIS and Singtel. Johan will succeed Erik Aas who h
Dubai, 16 January 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" or the "Group"), today announces the appointments of two of its operating company CEOs to its Group Executive Committee ("GEC"). Aamir Ibrahim, CEO of Jazz and the Chair of Mobilink Bank in Pakistan, and Evgeniy Nastradin, CEO of Beeline Kazakhstan, have joined the GEC effective 1 January 2025, in addition to their country CEO responsibilities. These appointments to the GEC will further strengthen VEON's strategic alignment to its markets. They will enable Aamir and Evgeniy to further contribute to the Group's ambitious digital services-driven growth plans while also highlighting the investor value potentia
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 serving as the General Manager of Xerox Turkey. More recently Burak has held the position of Chief Financial Officer within the global Digital Transformation, IT Solut
Amsterdam and Dubai, 13 November 2024 - VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON)), a global digital operator, ("VEON" or, together with its subsidiaries, the "Group"), announces that the VEON Board of Directors has re-appointed UHY LLP ("UHY") as the independent registered public accounting firm for the audit of the Group's consolidated financial statements for the year ended December 31, 2024 in accordance with the standards established by the Public Company Accounting Oversight Board, United States (the "PCAOB Audit"). UHY LLP is an independent member of UHY International. Established in 1986 and based in London, UK, UHY International is a leading network of independent accoun
Amsterdam and Tashkent, 14 October 2024: VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON))), a global digital operator, announces that Andrey Pyatakhin has been appointed as the incoming CEO of Beeline Uzbekistan following a decision by current Beeline Uzbekistan CEO Andrzej Malinowski to step down by the end of November 2024. The incoming CEO of Beeline Uzbekistan, Andrey Pyatakhin, joined VEON Group in 2001. In his more than 20 years with VEON Group, Andrey has served in various capacities, including as the CEO of Beeline Georgia, CEO of Beeline Armenia and most recently as the CEO of Beeline Kyrgyzstan. Andrey completed the Advanced Management program at Harvard Business School. Andrze
Amsterdam and Dubai, 30 September 2024: VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON))), a global digital operator, is pleased to announce the appointment of two new senior executives to its Group Leadership Team in Dubai. Anand Ramachandran, who joins VEON as the Chief of Staff to the Group CEO, and Inanc Cakiroglu, who joins as the Group Chief Information Officer (CIO), will both be based in VEON's expanding operational hub in Dubai, and report to Group CEO Kaan Terzioglu. "As we have shared with our investors on VEON's Capital Markets Day, we are bullish about growth and have set out an ambitious vision for the upcoming three years. In this new era, VEON will grow by putting a more g
Amsterdam, 31 May 2024: VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON))), a global digital operator that provides converged connectivity and online services (the "Company"), today held its Annual General Meeting (AGM), during which the Company's shareholders approved the recommended slate of seven directors as VEON's new Board of Directors (the "Board"). VEON welcomes former U.S. Secretary of State Michael R. Pompeo, Sir Brandon Lewis and Duncan Perry, who will serve alongside the incumbent directors Augie K Fabela II, Andrei Gusev, Michiel Soeting and VEON Group CEO Kaan Terzioglu on the Board. Following the AGM, the new Board held its inaugural meeting, and elected VEON's Founder and
Amsterdam, 29 May 2024 – VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON))), a global digital operator that provides converged connectivity and online services, ("VEON" or the "Company" or, together with its subsidiaries, the "Group"), announces that it has appointed UHY LLP (UHY) as the independent registered public accounting firm for the audit of the Group's consolidated financial statements for the year ended December 31, 2023 in accordance with the standards established by the Public Company Accounting Oversight Board (United States) (the "PCAOB Audit"). As previously announced, VEON experienced a delay in filing its 2023 annual report on Form 20-F (the "2023 20-F") due to t
The Benchmark Company initiated coverage of VEON with a rating of Buy and set a new price target of $48.00
New Street initiated coverage of VEON with a rating of Buy
BofA Securities upgraded VEON from Underperform to Buy and set a new price target of $2.70
UBS upgraded VEON from Neutral to Buy and set a new price target of $2.40 from $1.65 previously
HSBC downgraded VEON from Buy to Hold and set a new price target of $1.80
BofA Securities downgraded VEON from Neutral to Underperform
HSBC Securities downgraded VEON from Buy to Hold
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 cash and cash equivalents and deposits of USD 1,691 million, with USD 481 million at headquarters ("HQ"); and gross debt at USD 4.4 billion (decreased by USD 311 million YoY), with net debt excl
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, please click here or copy and paste this link to the address bar of your browser: https://veon-q4-2024-trading-update.open-exchange.net/. Once registered,
Amsterdam, Dubai and Kyiv, 20 November 2024: VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON)), a global digital operator ("VEON" or the "Group"), announces that its wholly-owned subsidiary in Ukraine, Kyivstar, has successfully acquired 2x5 MHz spectrum in the 2100 MHz band and 40 MHz spectrum in the 2300 MHz band at an auction held by Ukraine's National Commission for State Regulation of Electronic Communications, Radio Frequency Spectrum, and Postal Services (NCEC). Kyivstar will invest UAH 1.43 billion (c. 34 million USD1) in the Ukrainian economy through this spectrum acquisition. With this new acquisition, Kyivstar will boost its total spectrum holding from 152 MHz to 202 MHz, ena
Amsterdam and Dubai, 14 November 2024 07:00AM CET VEON Q3 2024 Highlights Q3 Total revenue of USD 1,038 million, +9.8% YoY; revenue growth in local currency +14.1% YoY (+16.0% YoY underlying revenue growth in local currency) Q3 Direct digital revenue of USD 121 million, +35.1% YoY (+32.6% YoY in local currency)Q3 Telecom and infrastructure revenue USD 916 million, +7.2% YoY (+12.2% YoY in local currency)Q3 EBITDA of USD 438 million, -1.5% YoY, +3.5% YoY growth in local currency (+9.8% YoY underlying growth in local currency) Total cash and cash equivalents of USD 1,019 million, with USD 453 million at headquarters ("HQ"); and gross debt at USD 4.0 billion (decreased by USD 335 million YoY)
VEON to release 3Q 2024 trading update on 14 November 2024 Amsterdam and Dubai, 31 October 2024 – VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON)), a global digital operator, today confirms that the Group will release its selected financial and operating results for the third quarter and nine months ended 30 September 2024, at or around 7:00 CET (6:00 GMT, 1:00 EST) on 14 November 2024. VEON will also host a results conference call with senior management at 14:00 CET (13:00 GMT, 8:00 EST) on the same day. 3Q24 results conference call To register and access the event, please click here or copy and paste this link to the address bar of your browser: https://veo
VEON 2Q24 Trading Update: Double-Digit USD Growth, Robust Operational Execution, Confirming Full Year Guidance Amsterdam, 8 August 2024 07:00AM CEST VEON Q2 2024 Highlights Q2 revenue of USD 1,026 million, +12.1% YoY (+15.1% YoY in local currency) and EBITDA of USD 459 million, +10.6% YoY (+13.9% YoY in local currency) Q2 direct digital revenue of USD 108 million, +83.3% YoY (+81.4% YoY in local currency)Q2 capex of USD 181 million, +5.8% YoY, with LTM capex intensity of 18.0% Total cash and cash equivalents of USD 722 million, with USD 375 million at HQ; and gross debt at USD 4.0 billion (decreased by USD 1.2 billion YoY), with net debt excluding lease liabili
VEON to release 2Q 2024 trading update on 8 August 2024 Amsterdam, 25 July 2024 – VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON))), a global digital operator that provides converged connectivity and online services, today confirms that the Group will release its selected financial and operating results for the second quarter and six months ended 30 June 2024, at or around 7:00 CEST (6:00 BST, 1:00 EST) on 16 May 2024. VEON will also host a results conference call with senior management at 14:00 CEST (13:00 BST, 8:00 EST) on the same day. 2Q24 results conference call To register and access the event, please click here or copy and paste this link to the address bar of your browser: http
Dubai and Amsterdam, 6 June 2024: VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON))), a global digital operator that provides converged connectivity and online services ("VEON" or, together with its subsidiaries, the "Group"), today holds its Capital Markets Day ("CMD 2024"), sharing its medium-term financial and operational ambitions, as well as its growth strategy through 2027. In its CMD 2024 materials, the Group will disclose the following key ambitions through 2027: Medium-term revenue growth at a compound annual growth rate ("CAGR") from 2023 to 2027 of 16%-19% in local currency. Medium-term EBITDA growth with a CAGR from 2023 to 2027 of 19%-22% in local currency.EBITDA marg
VEON 1Q24 Trading Update: Accelerating USD Growth, Strong Operational Execution Amsterdam, 16 May 2024 07:00AM CEST – VEON Q1 2024 Highlights Q1 revenue of USD 942 million, +6.6% YoY (+11.6% YoY in local currency) and EBITDA of USD 386 million, +0.2% YoY (+5.1% YoY in local currency) Q1 capex of USD 125 million, +38.6% YoY, with LTM capex intensity of 18.3% Total cash and cash equivalents of USD 632 million, with USD 261 million at HQ; and gross debt at USD 3.7 billion (decreased by USD 2.0 billion YoY), with net debt excluding lease liabilities at USD 2.0 billion; VEON repaid its Revolving Credit FacilityMaintaining FY 2024 revenue growth guidance in local currency of 16-18%, EBITDA gro
VEON to release 1Q 2024 trading update on 16 May 2024 Amsterdam, 16 April 2024 – VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON))), a global digital operator that provides converged connectivity and online services, today confirms that the Group will release its selected financial and operating results for the first quarter ended 31 March 2024, at or around 7:00 CEST (6:00 BST, 1:00 EST) on 16 May 2024. VEON will also host a results conference call with senior management at 14:00 CEST (13:00 BST, 8:00 EST) on the same day, which will be accessible through the webcast and over the phone. Webcast and dial-in To register and access the event, please click here or