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 |
6-K - VEON Ltd. (0001468091) (Filer)
6-K - VEON Ltd. (0001468091) (Filer)
6-K - VEON Ltd. (0001468091) (Filer)
6-K - VEON Ltd. (0001468091) (Filer)
6-K - VEON Ltd. (0001468091) (Filer)
6-K - VEON Ltd. (0001468091) (Filer)
6-K - VEON Ltd. (0001468091) (Filer)
6-K - VEON Ltd. (0001468091) (Filer)
6-K - VEON Ltd. (0001468091) (Filer)
6-K - VEON Ltd. (0001468091) (Filer)
Dubai, July 2, 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON"), announces today that it has completed the pricing of a private placement of USD 200 million of senior unsecured notes due in 2029 with institutional investors (the "Notes"), following its announcement on June 16, 2025 that it is considering options to raise external financing through a private placement. The Notes, issued by VEON MidCo B.V., are priced at par and have an annual interest rate of 9.000%. The instrument's expected credit rating from S&P and Fitch is BB-. The Notes will be guaranteed by VEON Amsterdam B.V. and will rank pari passu with VEON HQ's outstanding debt. VEON CFO Burak Ozer said: "This
Dubai and Kyiv, June 18, 2025 – VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" or the "Company"), today announces that Kyivstar, its digital operator in Ukraine, has received regulatory approval to conduct testing of Starlink Direct-to-Cell (D2C) services from the Ukrainian National Commission for the State Regulation of Electronic Communications, Radio Frequency Spectrum and the Provision of Postal Services (NCEC). Today's regulatory approval for field testing follows successful integration of Kyivstar's core mobile network with Starlink's Direct-to-Cell service. Successful testing on the integration of Kyivstar's SIM card with Starlink's satellite network was recently complete
Dubai and Kyiv, June 17, 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator, announces today that Kyivstar, VEON's digital operator in Ukraine, has joined forces with Ukraine's Ministry of Digital Transformation to develop Ukraine's first national large language model ("LLM") trained on Ukrainian-language data. The cooperation memorandum builds on VEON's and Kyivstar's pledge to invest USD 1 billion to rebuild Ukraine's digital infrastructure over 2023-2027. The parties plan to develop Ukrainian LLM using open-source architectures and trained exclusively on Ukrainian data sources. In addition to capturing the full range of Ukrainian dialects, terminology, history, and cultural context
Dubai, June 17, 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" or the "Company"), is pleased to announce that it has appointed Vitaly Shmakov as the Acting General Counsel, based in VEON's headquarters in the Dubai International Financial Center, effective July 1, 2025. Vitaly Shmakov is currently serving as Group Director of M&A and Strategic Transactions at VEON. Since joining the Company in 2016, he has held various roles, including Deputy General Counsel for Corporate, M&A and Strategic Transactions; Associate General Counsel; and Senior Legal Counsel. Prior to joining VEON, Vitaly was a Senior Associate for M&A and Corporate Law at Ashurst LLP, an international law f
Dubai, June 17, 2025: VEON Ltd. (NASDAQ:VEON, the "Company" or "VEON")), a global digital operator, today announces that Omiyinka Doris has chosen to step aside from her role as Group General Counsel of the Company effective July 1, 2025. Ms. Doris will continue as a strategic advisor to the Group Chief Executive Officer and will remain based in Amsterdam. Ms. Doris has worked with VEON for a decade, first as Deputy General Counsel, SEC/Disclosure, Finance and Governance, then as Acting Group General Counsel and most recently as the Group General Counsel and a member of the Group Executive Committee (GEC). During a time of intense geopolitical shifts, Ms. Doris played a pivotal role in stee
Announcement marks the third phase of USD 100 million share buyback program Dubai, June 16, 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" or the "Company"), announces that it will shortly commence the third phase of its previously announced share buyback program with respect to the Company's American Depositary Shares ("ADSs"). This third phase of the buyback will be in the amount of up to USD 35 million. The third phase of the share buyback program is being launched after the successful completion of the second phase on May 21, 2025. Cumulatively, the two earlier phases of the program have resulted in the repurchase of 1.43 million ADSs at an average repurchase price
Dubai and Kyiv, June 5, 2025 – VEON Ltd. (NASDAQ:VEON) ("VEON"), a global digital operator, announces the public filing of a registration statement on Form F-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission ("SEC") in connection with the listing of Kyivstar Group Ltd. ("Kyivstar Group"), the parent company of Ukraine's leading digital operator JSC Kyivstar, on the Nasdaq Stock Market LLC ("Nasdaq"). This filing represents a milestone in VEON's plans to list Kyivstar Group on Nasdaq following the anticipated completion of a business combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR) ("Cohen Circle") that was announced on March 18, 2025. At the cl
Total operating revenue reaches USD 255 million or UAH 10.6 billion, up 37.1% year-on-year in USD and 49.6% in local currency termsProfit for the period amounts to USD 44 million, up 22.2% year-on-year in USD and 33.7% in local currency terms, with a profit margin of 17.3%Adjusted EBITDA1 reaches USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency terms, with an adjusted EBITDA margin1 of 54.9% Completes acquisition of Uklon, Ukraine's leading ride-hailing business, and increases stake in Ukraine's leading digital health platform Helsi, subsequent to quarter-end KYIV, Ukraine, June 5, 2025 – Kyivstar Group, Ukraine's leading digital operator ("Kyivstar Group" or "the
Dubai and Astana, June 3, 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" and together with its subsidiaries, the "Group"), is pleased to announce the launch of "AI Tutor", a collaboration of Beeline Kazakhstan and Qazcode. AI Tutor is an AI-powered learning assistant designed to support children's and adults' learning experience in Kazakh language. Built on the locally developed KazLLM large language model, AI Tutor represents a step in digital inclusion and educational access in Kazakhstan. Developed by QazCode, the VEON Group's software development company in Kazakhstan and embedded in Beeline Kazakhstan's super-app Janymda, AI Tutor taps into KazLLM to offer offers six
Islamabad and Dubai, June 3, 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" or "the Company"), announces that it has successfully closed the partnership for the pooling and management of telecommunications infrastructure assets in Pakistan with Engro Corporation Limited ("Engro Corp"). VEON's infrastructure assets housed under Deodar (Private) Limited have now vested into Engro Connect, a subsidiary of Engro Corp. VEON's digital operator Jazz will continue to lease Deodar's extensive infrastructure for the provision of nationwide mobile voice and data services under a long-term partnership agreement. "Completion of this partnership marks another milestone in the executi
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
Dubai, June 17, 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" or the "Company"), is pleased to announce that it has appointed Vitaly Shmakov as the Acting General Counsel, based in VEON's headquarters in the Dubai International Financial Center, effective July 1, 2025. Vitaly Shmakov is currently serving as Group Director of M&A and Strategic Transactions at VEON. Since joining the Company in 2016, he has held various roles, including Deputy General Counsel for Corporate, M&A and Strategic Transactions; Associate General Counsel; and Senior Legal Counsel. Prior to joining VEON, Vitaly was a Senior Associate for M&A and Corporate Law at Ashurst LLP, an international law f
Dubai, May 12, 2025 – VEON Ltd. (NASDAQ:VEON), a global digital operator, today announces its partnership with GSMA Advance, the learning and skills division of the GSMA, to join the People Excellence Partner program which recognizes and supports organizations committed to upskilling their teams and fostering a culture of knowledge advancement through the GSMA Advance comprehensive suite of learning materials. This collaboration makes VEON the inaugural partner of the GSMA Advance People Excellence Partner program, highlighting the Company's commitment to the professional growth and continuous learning of its personnel. Developed by GSMA Advance, the program sets benchmarks for industry kno
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
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Total operating revenue reaches USD 255 million or UAH 10.6 billion, up 37.1% year-on-year in USD and 49.6% in local currency termsProfit for the period amounts to USD 44 million, up 22.2% year-on-year in USD and 33.7% in local currency terms, with a profit margin of 17.3%Adjusted EBITDA1 reaches USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency terms, with an adjusted EBITDA margin1 of 54.9% Completes acquisition of Uklon, Ukraine's leading ride-hailing business, and increases stake in Ukraine's leading digital health platform Helsi, subsequent to quarter-end KYIV, Ukraine, June 5, 2025 – Kyivstar Group, Ukraine's leading digital operator ("Kyivstar Group" or "the
VEON 1Q25 Earnings Release: Strong Start to 2025, Digital Revenues Surge 50%, Driving Growth Dubai, May 15, 2025 VEON 1Q25 Highlights Total revenue growth of 8.9% YoY to USD 1,026 million (12.9% YoY in underlying local currency terms) EBITDA growth of 13.7% YoY to USD 439 million (10.4% YoY in underlying local currency terms) Direct digital revenue growth of 50.2% YoY to USD 147 million (+54.3% YoY in local currency terms), representing 14.3% of revenues for quarterTotal cash and cash equivalents and deposits of USD 1,775 million, with USD 662 million at headquarters ("HQ"); and gross debt at USD 4,377 million (decreased by USD 4 million QoQ), with net debt excluding lease liabilities at
VEON to release 1Q 2025 trading update on May 15, 2025 Dubai, May 2, 2025 – VEON Ltd. (NASDAQ:VEON), a global digital operator, today confirms that the Group will release its selected financial and operating results for the first quarter ended March 31, 2025, at or around 8:00 GST (0:00 EST) on May 15, 2025. VEON will also host a results conference call with senior management at 16:00 GST (8:00 EST) on the same day. 1Q25 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-1q-2025-trading-update.open-exchange.net/ Once registered, a registration confirmation will be sent to the email addr
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