Veon Ltd Stock Price, News & Analysis

VEON (Nasdaq: VEON) announced that its software arm QazCode signed a cooperation agreement with sovereign AI firm MeetKai on Nov 25, 2025 to develop and train language models for AI-based digital products across VEON Group's five markets: Kazakhstan, Uzbekistan, Ukraine, Pakistan, and Bangladesh.

MeetKai will train models while QazCode manages data, local compute and adaptation; VEON teams will ensure language and cultural context. The collaboration targets localized products from education and health care to agritech and corporate AI agents, and aims to serve over 150 million people with national AI stacks respecting data sovereignty. QazCode previously developed KazLLM, winner of the GSMA Foundry Excellence Award 2025.

VEON (Nasdaq: VEON) announced that Kyivstar (Nasdaq: KYIV; KYIVW) has launched Starlink Direct to Cell satellite connectivity in Ukraine on November 24, 2025, making Ukraine the first country in Europe with this service.

The service initially provides SMS via Starlink to all Kyivstar 4G smartphone subscribers at no extra cost, with plans to add voice and data in 2026. Coverage is nationwide but excludes occupied areas, border regions, and active combat zones. The rollout follows a VEON group framework agreement with Starlink covering markets totaling 528 million people, and Beeline Kazakhstan has a related commercial agreement.

VEON (Nasdaq: VEON) has commenced a USD 100 million buyback program announced on November 10, 2025.

The Board authorized repurchases of ADSs and/or outstanding bonds up to USD 100 million, with the final split between equity and debt to be set by prevailing market conditions. The company cited current trading levels as materially undervaluing its fundamentals and said selective ADS repurchases and bond buybacks can be value-accretive and reduce future interest obligations.

Buybacks will be executed on the open market under a 10b5-1 plan with a registered broker-dealer and in compliance with Rule 10b-18.

VEON (Nasdaq: VEON) won two IR Magazine Corporate Governance Awards on November 6, 2025: Best Governance Around a Corporate Transaction for its role in the August 2025 listing of Kyivstar Group Ltd. (Nasdaq: KYIV) and Best Use of Technology in Corporate Governance for its augmented intelligence and digital tools supporting board and shareholder processes.

The awards recognize governance discipline around the Kyivstar de-SPAC listing with Cohen Circle and VEON’s deployment of technology for board communications, shareholder engagement, company meetings, and information governance.

VEON (NASDAQ: VEON) reported 3Q25 revenue of $1,115m (+7.5% YoY) and EBITDA of $524m (+19.7% YoY), with EBITDA margin up 480bps to 47.0%. Direct digital revenue rose 63.1% YoY to $198m, representing 17.8% of Group revenue. Group liquidity stood at $1.7bn and net debt excluding leases fell to 1.13x LTM EBITDA. Management raised 2025 local‑currency EBITDA guidance to 16–18% and reiterated revenue growth guidance of 13–15% LCY. The Board authorized a $100m buyback program and Kyivstar Group listing values VEON’s 89.6% stake at $2.5bn.

Kyivstar (Nasdaq: KYIV) reported strong 3Q25 unaudited results with total revenue up 20.9% YoY to UAH 12.3 bn (USD 297 mn) and EBITDA up 21.5% YoY to UAH 7.1 bn (USD 171 mn), delivering a 57.6% EBITDA margin. Mobile ARPU rose 14.0% YoY to UAH 153.1 (USD 3.7).

Direct digital revenue surged 531% to UAH 1,464 mn (USD 35 mn), reaching 11.9% of total revenue, helped by the April consolidation of Uklon (USD 24.7 mn revenue, USD 9.1 mn EBITDA, USD 6.7 mn profit in 3Q25). Multiplay users grew 24.8% YoY to 6.6 mn; digital MAUs rose 49.4% to 13.5 mn.

Liquidity remained strong with cash USD 472 mn and LTM equity free cash flow USD 373 mn. Kyivstar commenced Nasdaq trading on August 15 and ran a Starlink Direct to Cell test. Full‑year 2025 guidance: revenue +24%–27% and EBITDA +23%–26% in UAH terms; capex intensity 30%–33%.

VEON (Nasdaq: VEON) announced that Beeline Kazakhstan will partner with Starlink Direct to Cell to provide satellite-to-mobile connectivity across Kazakhstan, backed by a memorandum of understanding with the Ministry of Artificial Intelligence and Digital Development.

Beeline plans to launch messaging in 2026 followed by data services, building on prior rural network expansion and off-grid base stations. VEON signed a global framework agreement with Starlink, becoming the first global telecom to enter a multi-country arrangement; rollout is subject to standard regulatory approvals.

VEON (Nasdaq: VEON) announced leadership changes effective January 1, 2026. Sebastian Rice will join as General Counsel, succeeding Acting General Counsel Vitaly Shmakov, who is promoted to the newly created Chief Investment Officer role to lead mergers & acquisitions and the Group’s growth portfolio. Anand Ramachandran retains his role as Chief Corporate Development Officer with expanded investor relations and investor value creation responsibilities. Sebastian joins from Akin Gump after 24 years in senior roles including Partner-in-Charge of London and Geneva and Co-Head of Corporate Practice. CEO Kaan Terzioglu highlighted the moves as part of VEON’s digital operator transformation and growth agenda from its Dubai headquarters.

VEON (NASDAQ: VEON) announced that its Pakistan digital finance platform JazzCash won the Silver Award in Banking at Money20/20 USA 2025 for ReadyCash, its digital lending feature.

ReadyCash disburses an average of 140,000 digital loans daily, making JazzCash the largest digital lender in Pakistan, and was recognised for responsible lending and advancing financial inclusion aligned with Pakistan's target of 75% formal access by 2028.