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 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.
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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.
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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.
Amsterdam, 8 March 2023: VEON Ltd. (NASDAQ: VEON) announces its support for the "BeSafe" campaign to protect Ukrainian women and children from human trafficking. Through its Ukrainian operator, Kyivstar, VEON is launching a messaging system to alert vulnerable individuals in high-risk countries. The campaign, organized by the OSCE and Thomson Reuters, aims to raise awareness of trafficking signs and provide assistance through crisis hotlines across Europe. The UN projects a ninefold increase in Ukrainian trafficking victims in Europe due to the ongoing crisis.