Veon Ltd Stock Price, News & Analysis

Amsterdam, 30 August 2022: VEON Ltd. (NASDAQ: VEON) has successfully completed a high-speed internet access project for the express rail link between Tashkent and Samarkand in Uzbekistan. Collaborating with the Uzbekistan Ministry of Information Technologies, Beeline Uzbekistan installed around 40 upgraded base stations, ensuring 4G connectivity for residents and tourists. This initiative aims to enhance digital communication, promoting economic growth and tourism in the region, addressing connectivity needs at key locations such as the 'Great Silk Road' centre and Imam al-Bukhari memorial complex.

VEON Ltd. announced that its subsidiary Kyivstar will launch a national digital health service for all Ukrainians as part of the Digital Ukraine strategy. This initiative follows Kyivstar's acquisition of a controlling stake in Helsi Ukraine, Ukraine's largest digital healthcare provider, which serves 24.8 million mobile subscribers. The digital health service aims to enhance access to healthcare for the entire population, including refugees and internally displaced individuals. The partnership seeks to integrate advanced digital healthcare solutions across Ukraine.

VEON Ltd. announces that its Bangladeshi subsidiary, Banglalink, has launched a monetization feature on its digital entertainment platform, Toffee. This initiative allows local content creators, including artists and influencers, to earn revenue from their video content. With over 6.8 million monthly users, Toffee offers access to more than 100 national and international TV programs. The move aligns with VEON’s strategy to enhance customer engagement and promote local economic growth through digital services.

VEON Ltd. has successfully completed the sale of its Djezzy stake, receiving approximately USD 682 million. This sale was part of VEON's strategy to streamline its portfolio, following the announcement made on July 1, 2021. The transaction enhances VEON's liquidity, raising total cash to USD 3.1 billion as of August 4, 2022. CEO Kaan Terzioglu highlighted the strong performance of the Djezzy team and affirmed VEON's focus on emerging markets.

VEON Ltd (VEON) reports robust Q2 2022 results with total revenues of USD 2,008 million, reflecting a 5.6% year-over-year increase. EBITDA reached USD 913 million, up 13.0% YoY, driven by strong performance in mobile data revenue, which grew by 11.6%. The company maintained a healthy liquidity position with total cash and cash equivalents amounting to USD 2.3 billion. Notably, 4G user penetration reached 50% of the customer base, up 6.9 percentage points YoY. Despite challenges in Ukraine and Pakistan, VEON's diversified operations in other countries showed solid growth.

Amsterdam, 5 August 2022: VEON Ltd. announces that its subsidiary Banglalink has entered a tower sharing agreement with Bangladesh Telecommunications Company Limited (BTCL). This asset-light strategy aims to enhance service quality and facilitate Banglalink's 4G expansion. The partnership allows for optimized resource utilization and energy-efficient operations. VEON's CEO emphasizes a focus on high-quality connectivity and digital services while reducing capital-intensive infrastructure ownership. The collaboration reflects VEON's commitment to transforming lives through technology and improving shareholder value.

VEON Ltd. has appointed Alex Bolis, previously the Head of Corporate Strategy, Communications and Investor Relations, as a special advisor to the CEO and CFO. He will now engage in special projects across the Group and specific countries. The investor relations and communications functions will report to the Group CFO and Chief People Officer, respectively. CEO Kaan Terzioglu expressed gratitude for Bolis’s contributions to the company's transformation.

VEON announces the completion of additional share transfers to its Executive Committee members under the Deferred Share Plan established in February 2022. The latest transfers include 145,715 shares to Michael Schulz, 92,572 shares to Joop Brakenhoff, and 64,286 shares to Alex Bolis. This program aims to align management ownership with the company’s performance, requiring GEC members to maintain a minimum shareholding equivalent to 6.0x the Group CEO’s salary and 2.0x for other members. These incentives encourage long-term commitment to VEON’s growth.

VEON Ltd. (NASDAQ: VEON), a global digital operator, announces the completion of management share transfers as part of its incentive program initiated in February 2022. The transfer includes shares awarded to the Group CEO, Kaan Terzioglu, and Group CFO, Serkan Okandan, under VEON's Deferred Share Plan. This step aims to align executive compensation with the company’s digital strategy and long-term shareholder value creation. Post-transfer, Terzioglu holds 1,674,900 shares, while Okandan holds 222,172 shares.