Veon (VEON) Stock News

VEON Ltd. (Nasdaq: VEON) has announced the opening of Beeline Kazakhstan's new headquarters in Almaty, Kazakhstan's business hub. The purpose-built facility will accommodate 500 professionals from across VEON's ecosystem, including Beeline and QazCode teams.

The new office space is designed to enhance cross-functional collaboration between telecom, AI, and digital services teams, aimed at accelerating innovation and improving customer experience. The facility was inaugurated by VEON's top executives, including Chairman Augie Fabela and Group CEO Kaan Terzioglu, demonstrating the company's commitment to Kazakhstan's digital transformation.

VEON Ltd. (NASDAQ: VEON), a global digital operator, has scheduled the release of its 2Q25 and H1 2025 financial and operating results for August 7, 2025, at 8:00 GST (0:00 EST).

The company will host a results conference call with senior management at 16:00 GST (8:00 EST) on the same day. VEON is implementing an enhanced shareholder engagement approach by partnering with Say Technologies to facilitate Q&A submissions from both retail and institutional shareholders starting July 31, 2025.

VEON Ltd. (Nasdaq: VEON) and Cohen Circle Acquisition Corp. (Nasdaq: CCIR) have secured non-redemption agreements totaling $52.3 million for the proposed Kyivstar Group listing. The agreements, involving institutional investors Helikon and Clearline, cover approximately 5.05 million CCIR Class A shares.

The business combination is expected to close in Q3 2025, subject to shareholder approval and other conditions. Upon completion, Kyivstar Group will be listed on Nasdaq under the ticker "KYIV", becoming the first pure-play Ukrainian company listed on a U.S. stock exchange.

VEON (NASDAQ:VEON) has successfully priced a USD 200 million private placement of senior unsecured notes due in 2029. The notes, to be issued by VEON MidCo B.V., will carry a 9.000% annual interest rate and are priced at par, with an expected credit rating of BB- from S&P and Fitch.

The notes will be guaranteed by VEON Amsterdam B.V. and will rank equally with VEON HQ's outstanding debt. Settlement is expected on July 15, 2025, subject to customary closing conditions. The proceeds will be used for general corporate purposes and capital structure optimization.

VEON's Ukrainian subsidiary Kyivstar has achieved a significant milestone in advancing Direct-to-Cell (D2C) services through successful integration with Starlink and regulatory approval for testing. The company completed successful testing of Kyivstar SIM card compatibility with Starlink's satellite network in the US, and received approval from Ukraine's NCEC for field testing. The planned D2C service launch is set for Q4 2025, initially supporting SMS and OTT messaging. Field testing will begin in select Ukrainian regions this summer, focusing on text message services. This initiative aims to enhance connectivity in areas affected by infrastructure damage, rural regions, and during emergencies. Kyivstar has already allocated necessary spectrum and is preparing infrastructure for full integration.

VEON's Ukrainian subsidiary Kyivstar has partnered with Ukraine's Ministry of Digital Transformation to develop the country's first national large language model (LLM). This initiative is part of VEON's USD 1 billion investment commitment to rebuild Ukraine's digital infrastructure during 2023-2027. The Ukrainian LLM will be developed using open-source architectures and trained exclusively on Ukrainian data sources, focusing on local dialects, terminology, history, and cultural context. The project aims to ensure sensitive national data remains securely stored within Ukraine. Scheduled for release by December 2025, the LLM will power AI applications across sectors including government, defense, healthcare, finance, and education. This development follows VEON's similar initiatives in Kazakhstan with KazLLM and ongoing efforts in Pakistan for an Urdu language model.

VEON Ltd. (Nasdaq: VEON) has appointed Vitaly Shmakov as Acting General Counsel, effective July 1, 2025, based in Dubai. Shmakov, currently Group Director of M&A and Strategic Transactions, brings nearly 20 years of experience in M&A and corporate law. Since joining VEON in 2016, he has held various senior legal positions and previously worked at Ashurst LLP. He holds multiple law degrees and is pursuing an Executive MBA at London Business School. The appointment aligns with VEON's talent development strategy and comes as the company progresses with plans to list Kyivstar on Nasdaq. Chairman Augie K Fabela II and CEO Kaan Terzioglu expressed confidence in Shmakov's ability to lead the legal team and contribute to VEON's strategic initiatives.

VEON Ltd. (NASDAQ: VEON) announces that Group General Counsel Omiyinka Doris will step down from her position effective July 1, 2025, transitioning to a strategic advisor role to the Group CEO in Amsterdam. During her decade-long tenure at VEON, Doris served in various legal leadership roles and was instrumental in key strategic initiatives including VEON's exit from Russia, bond restructurings, consolidation of trading on Nasdaq, and headquarters relocation to Dubai. She played a crucial role in the planned Kyivstar Group listing on Nasdaq and helped maintain Ukraine's telecommunications infrastructure during wartime as a Supervisory Board member. Doris was recognized by the Financial Times as one of the world's top 15 in-house legal leaders in 2024. She led significant transformations in VEON's legal and compliance teams, establishing an Ethics and Compliance Centre of Excellence in Dubai.

VEON Ltd. (Nasdaq: VEON) has announced the third phase of its USD 100 million share buyback program, committing up to USD 35 million for ADS repurchases. This follows the successful completion of two earlier phases, which resulted in buying back 1.43 million ADSs at an average price of USD 45.59 per ADS. The program, initially announced on August 1, 2024, aims to optimize shareholder value as the company believes its ADSs are undervalued. The buybacks will be conducted on the open market through a 10b5-1 plan. Additionally, VEON is exploring options to raise external financing through a private placement of bonds with a tenor of up to four years, to be issued by VEON Midco B.V. and guaranteed by VEON Amsterdam B.V.