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 Ltd. announced a significant increase in share ownership for its management following the completion of management share awards as part of its incentive programs initiated in February 2022. On April 14, 2023, the company disclosed that five members of its Group Executive Committee received a total of 154,876 shares under the Short-Term Incentive (STI) scheme and 643,286 shares through the Long-Term Incentive (LTI) plan. The LTI plan aligns executive remuneration with long-term value creation tied to performance metrics. The shares from the STI plan are deferred into shares for a two-year vesting period starting from March 15, 2023. The announcement underscores VEON's commitment to aligning management interests with those of its shareholders.
VEON Ltd. has appointed PricewaterhouseCoopers Accountants N.V. as auditors for the Group's consolidated financial statements for the year ended December 31, 2022. This follows an earlier announcement on January 11, 2023, regarding PwC's appointment as the Dutch statutory financial auditors. The audit will adhere to the standards set by the Public Company Accounting Oversight Board in the U.S.
VEON, headquartered in Amsterdam, serves over 200 million customers across seven markets, emphasizing digital inclusion and economic growth. The company is listed on Nasdaq and Euronext Amsterdam.
VEON Holdings B.V. has announced the commencement of the 2023 Put Option Period for its notes totaling USD 1.23 billion. This includes USD 529.32 million in 5.95% notes due October 2023 and USD 700 million in 7.25% notes due December 2023. The period starts on April 5, 2023, and ends on April 19, 2023, with the settlement date set for April 26, 2023. Holders can repurchase notes at 102% of their principal plus accrued interest. Participation must comply with applicable sanctions laws, and holders should submit their election notices timely through specified clearing systems.
VEON Ltd. announced the successful completion of amendments to its 2023 Notes, effective as of April 4, 2023. This follows the satisfaction of the Amendment Conditions previously communicated. Key dates include the issuance of the 2023 Put Option Event Notice on April 5, the commencement of the Put Option Period also on April 5, and the expiry of this period on April 19, 2023, at 5:00 p.m. New York time. The Settlement Date for the 2023 Put Option is set for April 26, 2023. VEON serves over 200 million customers across seven markets, focusing on digital connectivity and inclusion.
VEON Ltd. confirms the satisfaction of all Scheme Amendment Conditions as of April 3, 2023. This follows a previous announcement on January 31, 2023, regarding the Scheme's effectiveness. The company has obtained all necessary authorizations to implement amendments to the 2023 Notes. The amendments are set to take effect on April 4, 2023, with further steps detailed in a timeline. Key dates include the issuance of the 2023 Put Option Event Notice on April 5, and the expiry of the 2023 Put Option Period on April 19, 2023.
VEON provides digital services to over 200 million customers across seven markets.
VEON Ltd. has successfully obtained all remaining licenses needed to amend its 2023 Notes and extend their maturities. This includes licenses from UK, Dutch, and Bermuda authorities. With these approvals, the company can implement the amendments as outlined in the Scheme. Group CEO Kaan Terzioglu expressed optimism about the extensions, stating they allow for additional time to finalize the sale of the Russian business and reduce the risk of double principal payments. The company will release details on the process and timeline for implementing the amendments shortly.
VEON Ltd. has reported its preliminary Q4 2022 and FY 2022 results, excluding Russian operations now classified as 'held for sale'. In Q4 2022, total revenues were USD 940 million (-4.9% YoY) but +18.6% in local currency. Full-year revenues reached USD 3,755 million (-2.4% YoY, +14.0% local currency). EBITDA for Q4 was USD 453 million (+1.2% YoY) and USD 1,743 million for FY 2022 (-5.3% YoY). The company highlights a significant improvement in liquidity, with USD 3.1 billion cash on hand, and anticipates local currency revenue and EBITDA growth of 10%-14% for 2023.
VEON Ltd. has appointed Lasha Tabidze as the Group DO1440 Officer, aimed at enhancing its digital operator model. Previously the CEO of Beeline Georgia, Tabidze will drive digital transformations across VEON's operating companies, reporting to CEO Kaan Terzioglu. The new role focuses on optimizing customer engagement through 1,440 minutes of daily service, integrating digital products with mobile connectivity.
The digital operator model has successfully transformed a significant portion of its customer base, winning the "Best Service for Connected Consumers" award at GSMA's GLOMO 2023. Tabidze expressed enthusiasm for driving best practices within the group.
FAQ
What is the current stock price of Veon (VEON)?
What is the market cap of Veon (VEON)?
