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VEON Ltd - VEON STOCK NEWS

Welcome to our dedicated news page for VEON (Ticker: VEON), a resource for investors and traders seeking the latest updates and insights on VEON.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VEON's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VEON's position in the market.

News
Cricket Finds Its Digital Home in Bangladesh: VEON’s Banglalink to Stream ICC Cricket on Toffee
Rhea-AI Summary
VEON 's Banglalink secures exclusive rights to stream ICC cricket events in Bangladesh on Toffee platform until 2025, marking a significant partnership with Total Sports Management. The deal includes six ICC events with 71 men's and 95 women's matches, aiming to provide a transformative digital viewing experience for cricket enthusiasts and boost the country's digital economy. Toffee's success during past sports events highlights its popularity with over 50 million viewers and its revenue model based on subscriptions and adtech.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
none
-
News
VEON Announces 2024 AGM and Board Nominees
Rhea-AI Summary
VEON announces its 2024 Annual General Meeting of Shareholders (AGM) on 31 May 2024 with a record date of 25 April 2024. The Board recommends seven nominees for appointment, including Michael R. Pompeo and the current CEO, Kaan Terzioglu. The Company faces challenges in appointing an auditor for the financial period ending 31 December 2024 due to changes in its asset portfolio. The AGM agenda includes the ratification of PwC for the audit of financial statements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
none
-
News
VEON to release 1Q 2024 trading update on 16 May 2024
Rhea-AI Summary
VEON announces the release of its 1Q 2024 trading update on 16 May 2024, along with a results conference call with senior management. Shareholders can participate in a Q&A session facilitated by Say Technologies to engage with the company's management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
Tags
none
News
VEON management increases share ownership
Rhea-AI Summary
VEON (NASDAQ: VEON), a global digital operator, announced an increase in management's ownership of VEON shares through equity incentive-based compensation plans. Utilizing part of the 92,459,532 common shares issued to VEON Holdings BV on 1 March 2024, the company awarded shares to its top executives under various plans including Short-Term Incentive (STI) 2023, Project Awards, Special Awards, and Long-Term Incentive (LTI) 2024. The awards aim to align management incentives with shareholder returns and company value creation. Key figures include Kaan Terzioglu receiving a significant number of shares across different award types, and similar grants were made to other executive members like Joop Brakenhoff and Omiyinka Doris. The LTI 2024, linked to performance relative to peers, will vest at the end of a three-year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
-
News
VEON Pays Back Outstanding Balance and Cancels its Revolving Credit Facility
Rhea-AI Summary
VEON repays USD 805 million debt under revolving credit facility, reducing interest expenses and improving cash management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
none
-
News
VEON Announces Sale of Stake in Beeline Kyrgyzstan, increasing the focus on its large markets
Rhea-AI Summary
VEON announces the sale of its 50.1% stake in Beeline Kyrgyzstan to CG Cell Technologies, focusing on its digital operator model. The transaction values Beeline Kyrgyzstan at 3.4x 2023 EBITDA. The sale aligns with VEON's strategy to simplify its structure and concentrate on key markets for digital services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
none
News
VEON 4Q23 trading update: Strong organic growth in revenue and EBITDA, solid execution of VEON 2.0 strategy
Rhea-AI Summary
VEON reported strong organic growth in revenue and EBITDA for Q4 and FY 2023, following the execution of VEON 2.0 strategy. Despite a decrease in reported currency terms, the company saw double-digit growth in local currency. VEON's total revenue for Q4 was USD 953 million (+1.4% YoY), with EBITDA at USD 364 million (-20.4% YoY). For FY 2023, revenue was USD 3,698 million (-1.5% YoY), and EBITDA was USD 1,609 million (-7.9% YoY). The company announced strong revenue growth guidance of 16-18% and EBITDA growth guidance of 18-20% for FY 2024, with an emphasis on digital offerings and market expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.41%
Tags
none
-
News
Banglalink Gets Unified Licence to Deliver Superior Digital Services in Bangladesh
Rhea-AI Summary
VEON 's Banglalink receives unified license in Bangladesh to streamline operations and support future technologies, enhancing customer experience and connectivity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
Tags
none
-
News
VEON appoints PwC as 2023 auditors, provides updates on reporting timelines
Rhea-AI Summary
VEON Ltd. appoints PricewaterhouseCoopers Accountants N.V. for the audit of its consolidated financial statements for 2023 but expects delays in reporting due to difficulties in finding a suitable auditor. The Company anticipates non-compliance with listing requirements and will seek consents for delayed delivery of financial statements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
management
News
VEON to Hold Capital Markets Day on June 6, 2024
Rhea-AI Summary
VEON announces Capital Markets Day on June 6, 2024 for investors and analysts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
Tags
none
Stock VEON logo
VEON Ltd

Nasdaq:VEON

VEON Rankings

#1991 Ranked by Market Cap
#127 Ranked by Stock Gains
N/A Ranked by Dividends

VEON Stock Data

1.75B
692.81M
0.06%
23.35%
0.1%
Wireless Telecommunications Carriers (except Satellite)
Information
Link
Netherlands
Amsterdam

About VEON

a global tech company aiming to lead the personal internet revolution, bringing new experiences to hundreds of millions of customers in the markets of tomorrow