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 updated the timing of the ratio change for its ADR program, which was initially scheduled for March 6, 2023. The new effective date is now set for March 8, 2023, following confirmation from the Depository Trust & Clearing Corporation (DTCC). Record holders of ADRs will exchange their existing ADRs at a ratio of 1 new ADR for every 25 existing ADRs. This change aims to align the trading price with Nasdaq's minimum bid price requirements, although the company cannot guarantee success in achieving compliance. The ADS will continue trading under the symbol VEON.
VEON Ltd. has announced a postponement in the effective date of its ADR ratio change under its American Depository Receipt program. Initially set for March 6, 2023, the change has been delayed due to The Depository Trust & Clearing Corporation (DTCC) not being ready to provide the new CUSIP number. VEON is awaiting further confirmation from DTCC regarding the new effective date. The previous announcement regarding the ratio change was made on February 6, 2023. VEON operates globally, providing services to over 200 million customers, and aims to drive digital inclusion and economic growth.
Barcelona, March 2, 2023 - VEON Ltd. (NASDAQ: VEON), a global digital operator, announced its participation in the GSMA Open Gateway initiative, featuring universal network APIs aimed at facilitating access for developers across operator networks. This framework, launched with 21 other mobile network operators at MWC Barcelona 2023, seeks to revolutionize telecom service design and delivery, reminiscent of the mobile voice roaming standardization in the 1980s. VEON's CEO, Kaan Terzioglu, emphasized the significance of rapid innovation and interoperability in the digital landscape, expressing enthusiasm for the standardization benefits for developers and customers alike.
VEON Ltd. announces that Mobilink Microfinance Bank Ltd. (MMBL) has signed the GSMA’s Connected Women Commitment Initiative.
This makes MMBL the first global microfinance bank to commit to this initiative aimed at bridging the mobile gender gap.
With over 16 million monthly active customers in Pakistan, MMBL aims to increase its female customer base by 15%, adding 600,000 female customers by 2025. The initiative seeks to foster digital technology adoption among women to enhance financial inclusion.
CEO Kaan Terzioglu emphasizes the importance of female microentrepreneurs for Pakistan's future economic success.
MWC, Barcelona, 1 March 2023: VEON Ltd. (NASDAQ: VEON) announced a partnership with OneWeb to enhance mobile internet connectivity and digital services in emerging markets. This collaboration aims to extend 4G coverage and address digital divides in regions with low population densities and disaster-prone areas.
OneWeb's LEO satellite network, with 544 satellites launched, enables high-speed connectivity and integrates seamlessly with existing mobile infrastructures. VEON's CEO highlighted the initiative's potential for disaster response and economic growth, while OneWeb's CEO emphasized their shared mission for affordable connectivity.
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Amsterdam, 28 February 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) announced that Banglalink has signed a tri-party agreement with Teletalk and Summit Towers Ltd. for telecom infrastructure sharing in Bangladesh. This initiative will enable both operators to share resources under relevant guidelines, supported by Summit Towers Ltd. for technical assistance.
CEO Erik Aas emphasized the collaboration as a means to enhance customer experience and service quality while promoting environmental sustainability. Kaan Terzioglu, CEO of VEON Group, stated this partnership aligns with their digital operator strategy, benefiting mobile customers.
VEON Ltd. announced on 21 February 2023 the completion of a share transfer to Joop Brakenhoff, a member of the Group Executive Committee, under its Deferred Share Plan. A total of 104,047 shares vested, with 52,543 shares transferred to Mr. Brakenhoff and 51,504 shares withheld for local tax. This follows previous transfers to the CEO and CFO in July 2022. GEC members are expected to hold shares equivalent to 6.0x the CEO's annual salary and 2.0x for other members. Post-transaction, Mr. Brakenhoff holds 145,115 American Depositary Shares.
Amsterdam, Netherlands, 21 February 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) announces the launch of 4G mobile connectivity for the Tashkent metro in Uzbekistan via its digital operator Beeline. The coverage spans all 31 underground stations, enhancing access for approximately 620,000 daily riders. In 2022, Tashkent metro recorded 220 million passenger journeys. Beeline's initiative forms part of its '4G for all' strategy, increasing 4G base stations by 2,300, which boosted 4G population coverage by 16%. This development advances Uzbekistan's digital infrastructure and positions Tashkent as a Central Asian IT hub.
VEON Ltd. has received regulatory approval for the sale of its Russian operations to senior management of PJSC VimpelCom, led by CEO Alexander Torbakhov. This approval comes from the Russian Federal Antimonopoly Service and is seen as a significant milestone. The transaction is expected to complete by June 1, 2023, enhancing VEON's equity, reducing debt, and improving its credit profile. CEO Kaan Terzioğlu emphasized the sale as an optimal solution for all stakeholders involved, including shareholders.