Veon Ltd Stock Price, News & Analysis

VEON Ltd. has launched its dedicated advertising technology company, VEON AdTech, headquartered in Tashkent, Uzbekistan. This move supports VEON's digital operators to tap into the projected USD 1.3 billion digital advertising market across its operational countries. VEON AdTech will leverage machine-learning algorithms to deliver targeted digital marketing services, enhancing local economies. The initiative aligns with Uzbekistan's Digital Uzbekistan 2030 strategy, fostering a skilled digital workforce. VEON AdTech aims to support both international and local brands in reaching their audiences effectively, ensuring consumer data privacy through its MobileID technology. This advancement reflects VEON's commitment to expanding its digital capabilities in a rapidly evolving market.

VEON Ltd. has appointed Jagan Mohan as the new Group Head of Internal Audit, effective 1st May 2023. Mohan, previously the Group Director of Internal Audit, brings 25 years of experience across various industries, including telecoms and FMCG. This appointment coincides with the transition of Joop Brakenhoff to the role of Group Chief Financial Officer, also effective on the same date. Mohan will report to Kaan Terzioglu, Group CEO, and Michiel Soeting, Chairman of the Audit and Risk Committee. The changes aim to enhance governance standards and improve operations through an effective internal audit function.

VEON Holdings B.V. announces the results of the 2023 Put Option for its USD 529.32 million 5.95% October 2023 Notes and USD 700 million 7.25% December 2023 Notes. The Put Option Period opened on April 5, 2023, and closed on April 19, 2023. Holders validly exercised a total of USD 165.38 million for the October Notes and USD 293.75 million for the December Notes. After the settlement on April 26, 2023, the outstanding principal amounts will be USD 363.94 million for the October Notes and USD 406.25 million for the December Notes. This action is part of VEON's strategy to manage its debt obligations.

VEON Ltd. (NASDAQ: VEON) announced on April 20, 2023, that its Kyrgyzstan subsidiary, Beeline Kyrgyzstan, has achieved ISO/IEC 27001:2013 certification from the British Standards Institute. This certification reflects a commitment to high standards in information security management systems, ensuring the protection of data assets for corporate, individual clients, and employees.

Kaan Terzioglu, CEO of VEON Group, emphasized the importance of cybersecurity in their operations, while Andrey Pyatakhin, CEO of Beeline Kyrgyzstan, highlighted the achievement as proof of the organization’s dedication to data security. The certification underscores VEON's ongoing efforts to enhance its security measures amid the increasing digitalization of its markets.