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. (Nasdaq: VEON) is a United Arab Emirates-based digital operator active in wireless telecommunications and digital services across Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The VEON news page on Stock Titan aggregates company announcements, operating company updates, and regulatory communications that illustrate how the group is developing connectivity, digital services, and financial solutions in its core markets.
Recent news highlights VEON’s focus on next-generation connectivity and network resilience. Kyivstar in Ukraine has launched Starlink Direct to Cell satellite connectivity services and a 5G pilot zone in Lviv, while Beeline Kazakhstan has tested Starlink Direct to Cell for voice and messaging. Kyivstar has also invested in solar power generation as part of its energy resilience strategy. These stories show how VEON’s operating companies are combining terrestrial and satellite networks and investing in infrastructure to support reliable communications.
VEON’s news flow also covers digital financial services and financial inclusion. Mobilink Microfinance Bank in Pakistan has launched Islamic banking operations, and Banglalink in Bangladesh has received regulatory approval to operate as a payment service provider, enabling digital payment and money transfer services. Group-level announcements include VEON’s transfer to the Nasdaq Global Select Market and its inclusion in major equity indices such as the S&P Global Broad Market Index and the MSCI Ukraine Index.
Investors and followers of VEON can use this news page to review official press releases on connectivity initiatives, digital financial services, capital markets milestones, and corporate transactions involving VEON and its operating companies. The page provides a centralized view of how VEON’s strategy is reflected in concrete projects and regulatory developments across its five markets.
VEON's subsidiary Jazz launches FikrFree, an AI-powered digital marketplace for insurance and healthcare in Pakistan. The platform addresses Pakistan's low insurance penetration rate (less than 1% of GDP) by offering personalized insurance plans and healthcare services through a mobile app. FikrFree features flexible payment options, streamlined claims processing with 36-hour payouts, and AI-driven insurance recommendations.
The service complements Jazz's existing digital portfolio, including Tamasha (18M MAUs), JazzCash (17.7M MAUs), and SIMOSA (15.2M MAUs) in 2Q24. This initiative aligns with VEON's Digital Operator 1440 strategy, with direct digital revenues representing over 10% of VEON Group's total revenues.
VEON (Nasdaq: VEON; Euronext Amsterdam: VEON) has received a letter from Shah Capital, a 7% shareholder, outlining views on VEON's valuation and suggesting a seven-step strategic roadmap to enhance shareholder value. VEON's Board and Management have reviewed the letter and appreciate Shah Capital's insights and support.
While VEON's share value has more than doubled over the past 2 years, the company acknowledges potential for further improvement. VEON highlights strong investor engagement, recent inclusion in JP Morgan's EM Corporate Indices, and an upgraded MSCI ESG rating of AA. The company is evaluating options to crystallize business value, including potential IPOs of some companies.
VEON's Digital Operator (DO1440) strategy, now complemented by AI1440 focus, drives growth in digital services. The company plans to move headquarters to Dubai and consolidate trading on Nasdaq Stock Exchange. VEON remains committed to sustainable growth and creating long-term shareholder value.
VEON (Nasdaq: VEON; Euronext Amsterdam: VEON) has announced the commencement of its delisting process from Euronext Amsterdam, with the last trading day set for 22 November 2024 and the delisting effective from 25 November 2024. This move aims to consolidate trading on Nasdaq, where VEON's American depositary shares (ADSs) will be traded under the ticker symbol VEON.
VEON's Group CEO, Kaan Terzioglu, stated that this decision aligns with the company's long-term strategy and will strengthen liquidity and simplify reporting processes. The company is committed to ensuring a smooth transition for Euronext Amsterdam shareholders, offering options to adjust their holdings and deposit Common Shares in exchange for ADSs. VEON will cover ADS issuance fees for shareholders who deposit their Common Shares during the specified period.
VEON (Nasdaq: VEON; Euronext Amsterdam: VEON), a global digital operator, has announced its full compliance with Nasdaq listing requirements following the filing of its 2023 Form 20-F on October 17, 2024. Nasdaq has confirmed VEON's compliance, resolving the previously granted exception for the delayed filing. The company had until November 11, 2024, to remediate the delay but met the condition nearly a month earlier.
VEON Group CEO Kaan Terzioglu expressed appreciation for Nasdaq's support, where VEON has been listed since 2013, and highlighted the company's commitment to transparent communication with investors. He stated that VEON is now fully compliant with its listing requirements and looks forward to unlocking further value for shareholders.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, has filed its Annual Report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The filing follows the completion of the audit of VEON's 2023 financial statements by independent auditor UHY LLP according to PCAOB standards.
Group CEO Kaan Terzioglu stated that this filing puts VEON back on track with listing compliance requirements. The company has also remediated the previously identified material weakness in its internal controls over financial reporting relating to the accounting treatment and financial statement presentation for disposals of businesses. VEON implemented significant improvements to its control environment during the second half of 2023, and management has concluded that the material weakness has been fully remediated.
The 2023 Form 20-F is available on the SEC website and VEON's website. Shareholders can request a hard copy of the report, including audited financial statements, free of charge from VEON's Investor Relations Department.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has announced a leadership change at Beeline Uzbekistan. Andrey Pyatakhin has been appointed as the incoming CEO, replacing Andrzej Malinowski, who will step down by the end of November 2024. Pyatakhin, a 20-year veteran of VEON Group, has previously served as CEO of Beeline operations in Georgia, Armenia, and Kyrgyzstan.
Under Malinowski's leadership since March 2021, Beeline Uzbekistan has undergone a significant transformation, achieving 12 consecutive quarters of double-digit local currency revenue growth. The company has expanded its 4G network and developed a portfolio of digital services including fintech, entertainment, and adtech. Beeline Uzbekistan also became the first tech company in Central Asia to receive Top Employer certification.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, has announced plans to relocate its headquarters from Amsterdam to Dubai, United Arab Emirates. The move, approved by VEON's Board of Directors, will make VEON the largest Nasdaq-listed company with its Group headquarters in Dubai. The company's expanding operational hub has been located in the Dubai International Financial Centre (DIFC) since early 2022.
VEON's Group CEO, Kaan Terzioglu, stated that this strategic realignment positions the company closer to its key markets and allows it to capitalize on Dubai's opportunities, including access to world-class talent and enhanced visibility with Gulf investors. The announcement coincides with the start of GITEX Global 2024, a major technology event in Dubai.
VEON currently serves 160 million connectivity customers and 110 million monthly active digital users across six markets.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has launched KINOM, a digital entertainment platform in Uzbekistan. KINOM offers over 130 channels of linear TV, on-demand films, and TV series, accessible to all mobile users in the country. The platform supports Full HD streaming on various devices and focuses on local language content.
KINOM is part of VEON's DO1440 strategy, which aims to provide digital experiences throughout the day. It joins VEON's portfolio of successful digital entertainment platforms, including Tamasha in Pakistan (18 million monthly active users) and Toffee in Bangladesh (12.3 million MAUs). As of June 2024, VEON reported 110 million monthly active users of its digital services, with direct revenues from these services representing over 10% of VEON Group's total revenues in the first half of 2024.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) announced that its operating companies Mobilink Microfinance Bank and Banglalink have received three awards at the M360 APAC – GSMA's annual event. The awards recognize their contributions to digital inclusion:
1. Mobilink Bank won the 'Digital Nations Video Creativity Award' for its 'Invisible Heirs' campaign, addressing women's inheritance rights in Pakistan.
2. Quratulain Chaudhary from Mobilink Bank received the 'Women Digital Leadership Award'.
3. Banglalink won the 'Excellence in Digital Inclusion Video Award' for its MyBL Super App campaign, which has improved healthcare accessibility in rural Bangladesh.
These awards add to previous recognitions for both companies, highlighting VEON's commitment to digital inclusion and addressing critical issues in their markets.
VEON has completed the sale of its 49% stake in Kazakh wholesale telecommunications infrastructure services provider, TNS+ LLP, to its JV partner, the DAR group of companies. The sale was completed for a total consideration of USD 137.5 million. Following the sale, Beeline Kazakhstan will continue to offer its services, with business continuity secured by long-term commercial contracts with TNS+.
VEON's Group CEO, Kaan Terzioglu, emphasized that this sale allows Beeline Kazakhstan to focus on building its portfolio of connected consumer and enterprise services while maintaining access to TNS+'s robust wholesale infrastructure. Beeline Kazakhstan offers digital services such as Simply, Izi, Hitter, and BeeTV, and is involved in developing Kazakhstan's local-language AI large language model.
Alidar Utemuratov, Group CEO and founder of DAR, stated that consolidating ownership of TNS+ reflects their confidence in Kazakhstan as a key country for data traffic transit between Europe and Asia. DAR plans to expand into new geographies and introduce cutting-edge digital products while maintaining TNS+'s leadership in data transit.