Welcome to our dedicated page for Veon news (Ticker: VEON), a resource for investors and traders seeking the latest updates and insights on Veon stock.
VEON Ltd (VEON) delivers mobile connectivity, digital services, and fixed-line solutions across emerging markets through brands like Beeline and Kyivstar. This page aggregates all official announcements and third-party coverage related to the company’s operations, financial performance, and strategic initiatives.
Access real-time updates on earnings reports, infrastructure investments, regulatory developments, and technological innovations. Investors gain a consolidated view of material events, while analysts find structured data for market evaluation. Media professionals benefit from primary source verification capabilities.
Key coverage areas include quarterly financial results, partnership announcements, leadership updates, network expansion projects, and digital service launches. All content undergoes strict sourcing verification to ensure compliance with financial disclosure standards.
Bookmark this page for streamlined tracking of VEON’s evolving role in global connectivity markets. Combine our news feed with Stock Titan’s analytical tools for comprehensive investment research.
VEON's subsidiary Kyivstar has launched We Live Here 2.0, a fundraising campaign to support the demining of Ukrainian territory. The initiative, in partnership with the Come Back Alive Foundation and supported by Ukraine's Ministry of Economy, aims to raise UAH 100 million (approx. USD 2.4 million) for Ukrainian-made robotics, vehicles, and communications tools for minesweepers. Kyivstar will donate UAH 30 million to kickstart the campaign.
This second phase builds on the success of the initial We Live Here campaign, which collected over UAH 180 million (USD 4.8 million) between May 2023 and February 2024, supplying 146 engineering and minesweeping groups with equipment. The project aims to make liberated Ukrainian territories safe and accessible for civilians, while also facilitating the restoration of mobile communications in de-occupied areas.
VEON reports strong Q2 2024 results with double-digit growth in USD terms. Key highlights include:
- Q2 revenue of USD 1,026 million, up 12.1% YoY (15.1% in local currency)
- EBITDA of USD 459 million, up 10.6% YoY (13.9% in local currency)
- Direct digital revenue of USD 108 million, up 83.3% YoY
- Capex of USD 181 million, up 5.8% YoY
- Total cash and cash equivalents of USD 722 million
VEON maintains its FY 2024 guidance for revenue growth of 16-18% and EBITDA growth of 18-20% in local currency terms, with capex intensity of 18-19%. The company's growth is driven by increased 4G customers and digital service users across financial, entertainment, healthcare, education, and enterprise services.
VEON (NASDAQ, Euronext Amsterdam: VEON), a global digital operator, has announced its intention to voluntarily delist from Euronext Amsterdam in the fourth quarter of 2024. This move aims to simplify and streamline the company's reporting requirements, resulting in a sole listing on Nasdaq. Following the delisting, VEON plans to initiate a buyback program for up to USD 100 million of its American Depositary Shares (ADS).
The company believes that its ADSs are currently undervalued relative to its operations, presenting an opportunity for share repurchases. The timing and specifics of the ADS buybacks will be determined by VEON's management and Board of Directors, considering factors such as liquidity, market conditions, and legal requirements.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has published its 2023 Integrated Annual Report, highlighting the company's performance across financial, social, environmental, and governance metrics. Key achievements include:
- Expanded 4G coverage, with 60% of mobile customers on 4G by end of 2023
- Provided digital services in finance, entertainment, healthcare, and education
- Invested in employee training, averaging 40 hours per employee
- Increased share of senior female leaders
- Reduced Scope 1 and 2 CO2 emissions by 14% year-on-year
- Decreased total energy consumption by 0.4% despite 21% increase in data usage
VEON aims to continue driving sustainable growth through digitalization and AI-based solutions, focusing on financial inclusion and bridging the AI gap in its markets.
VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator providing converged connectivity and online services, has announced the release of its Q2 2024 trading update on 8 August 2024 at approximately 7:00 CEST. The company will host a results conference call with senior management at 14:00 CEST on the same day.
To enhance shareholder engagement, VEON is partnering with Say Technologies to allow shareholders to submit and upvote questions for management. The Q&A platform will be available from 31 July at 14:00 CEST until 24 hours before the conference call at https://app.saytechnologies.com/veon-2024-q2.
Shareholders can register for the event and access the webcast or dial-in details through the provided link. VEON encourages participants to use the webcast link for the best experience.
VEON announces that its digital operator in Pakistan, Jazz, has secured the country's largest long-term private sector syndicated credit facility of up to PKR 75 billion (approximately USD 270 million). This 10-year financing arrangement will support Jazz's growth ambitions as Pakistan's leading provider of 4G connectivity and digital services.
The banking consortium, led by The Bank of Punjab, includes prominent financial institutions such as Habib Bank, Bank Alfalah, and Meezan Bank. This credit facility will accelerate the deployment of cutting-edge digital infrastructure in Pakistan, focusing on services important for realizing the potential of its young population and vibrant business landscape.
The agreement signifies trust and support for Jazz as the leading digital growth engine of the country, enabling its transition from a telco to a ServiceCo with investments in cloud, software, and financial services.
VEON's subsidiary Kyivstar is enhancing its network resilience in Ukraine by deploying an additional 848 industrial generators and 61,766 batteries. This investment aims to ensure service continuity during extended power blackouts caused by attacks on Ukraine's energy infrastructure. Kyivstar has already deployed 2,322 generators and 115,000 four-hour duration batteries at base stations.
The company has invested over USD 24 million in energy resilience over the past two years. This new deployment is part of Kyivstar's strategy to support critical connectivity across Ukraine, including facilities requiring at least three days of generating capacity during comprehensive power outages.
VEON and Kyivstar have committed to invest USD 1 billion in Ukraine over a five-year period from 2023 to 2027. Kyivstar was recently recognized as Ukraine's largest foreign investor in 2022 and 2023 by Forbes Ukraine and received the GSMA's Global Mobile Award for its Network Resilience Project at MWC 2024.
VEON has received an extension from Nasdaq to file its delayed 2023 20-F annual report. The company must submit the report by November 11, 2024, to regain compliance with listing rules. The delay stems from the war in Ukraine and the sale of VEON's Russian operations, which complicated the appointment of an independent audit firm. VEON has since appointed UHY LLP as its PCAOB auditor and is working towards completing the report by the fourth quarter of 2024.
VEON has announced the successful amendment of its 2025 and 2027 notes following the consent of bondholders and obtaining a license from the U.S. Treasury's Office of Foreign Assets Control (OFAC). The amendments effectively cancel the economic obligations under the original notes, relieving VEON Holdings from making principal or interest payments. In May and June 2024, new notes due in April 2025, June 2025, and November 2027 were issued to eligible investors. Additionally, VEON executed the early redemption of its September 2025 and September 2026 notes, concluding the consent solicitation process initiated in April 2024. The company also settled deferred considerations related to the sale of PJSC Vimpelcom. VEON shares continue to trade without restrictions on Nasdaq and Euronext-Amsterdam.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has released its unaudited interim condensed consolidated financial statements for the three-month period ended 31 March 2024. These financial statements are based on internal management accounts and have not been externally reviewed or audited. VEON emphasizes that the financial information is subject to material variation and should not be overly relied upon. The full financial statements can be accessed on the VEON Group website.
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