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 announced a change in the ratio of its American Depositary Receipts (ADR) program, moving from one ADS representing one common share to one ADS representing twenty-five shares. This change, effective March 6, 2023, requires current ADR holders to exchange their existing ADRs accordingly. The adjustment is expected to increase the trading price of the ADSs proportionally but does not guarantee compliance with Nasdaq's minimum bid price requirement. VEON has until April 3, 2023 to meet this requirement, and the company expresses optimism that this change will benefit stakeholders and enhance its Nasdaq listing visibility.
VEON Ltd. has announced that its Scheme, previously sanctioned by the Court, has become effective as of January 31, 2023. This follows an announcement on January 30, 2023, confirming the fulfillment of conditions necessary for the Scheme's effectiveness. The Scheme imposes a Standstill that restricts 2023 Noteholders from taking Enforcement Action against the Company. The amendments will become effective upon meeting certain conditions, including obtaining necessary licenses. VEON provides digital services to over 200 million customers across seven markets, contributing to digital inclusion and economic growth.
VEON Ltd. announced that the Court has sanctioned the Scheme regarding its 2023 Notes, providing protection to its Scheme Creditors from enforcement actions. The Order will take effect upon delivery to the Registrar of Companies, allowing the Scheme to become binding. The sanctioning of the Scheme aims to bolster VEON's financial flexibility and time to finalize the sale of its Russian business. The company has also confirmed that the Order is exempt from stamp duty. CEO Kaan Terzioglu expressed optimism, stating it is in the best interest of all stakeholders.
VEON Ltd. has confirmed that the Scheme Sanction Hearing is scheduled for 30 January 2023 at 10:30 a.m. London time. This hearing follows the results of a Scheme Meeting held on 24 January 2023. The company will seek a court order to sanction the Scheme, which if approved, will become effective upon meeting other specified conditions. Scheme Creditors are allowed to attend the hearing and make representations. They must register by 27 January 2023. VEON is a global digital operator headquartered in Amsterdam, providing services to over 200 million customers across seven markets.
VEON Ltd. announces that its proposed Scheme has been overwhelmingly approved by 97.59% of Scheme Creditors present and voting at the Scheme Meeting held on 24 January 2023. The required statutory majority was achieved, with 94.79% of votes by number in favor of the Scheme. A Scheme Sanction Hearing is scheduled for 30 January 2023 in London, and further details will be provided as the date approaches. If sanctioned, the Scheme will take effect provided all conditions are met. VEON, headquartered in Amsterdam, serves over 200 million customers in seven markets, focusing on digital transformation and economic growth.
Amsterdam, 18 January 2023: VEON Ltd. announced the U.S. Department of the Treasury has replaced General License 54 with General License 54A. This new license includes both VEON Ltd. and VEON Holdings B.V., allowing transactions related to the purchase of their debt or equity securities that were previously prohibited. The license applies to debt and equity securities issued before 6 June 2022 and covers all necessary facilitation activities. VEON Group CEO Kaan Terzioğlu expressed satisfaction over the confirmation, which alleviates market uncertainties regarding VEON Holdings' debt.
On January 17, 2023, VEON Ltd. provided an update on its proposed scheme of arrangement regarding its 5.95% and 7.25% notes due in 2023. Eligible Noteholders must submit completed Voting and Proxy Forms by 5 PM London time on January 20, 2023, to vote at the upcoming Scheme Meeting. The Company aims to facilitate voting by accepting late submissions from certain Noteholders who missed the initial Custody Instruction Deadline. Detailed proof of holdings is required from these Noteholders to participate. The announcement emphasizes compliance with sanctions laws affecting eligible participants in the Scheme.
Amsterdam, 16 January 2023 – VEON Ltd. (NASDAQ: VEON) has reached out to holders of its 5.95% notes due February 2023 and 7.25% notes due April 2023 to support an English Scheme of Arrangement. The proposal aims to extend the maturities of these notes by eight months. CEO Kaan Terzioğlu emphasized the importance of repayment amid challenges in raising funds. The Scheme is designed to mitigate risks associated with cash being trapped in international clearing systems and is linked to VEON's asset monetization strategy, particularly the planned sale of its Russian operations. A scheme meeting is scheduled for 24 January 2023, with a voting deadline set for 20 January 2023.
VEON Ltd. has announced amendments to its proposed scheme of arrangement for 2023 Notes due in February and April.
The key changes include an eight-month extension of maturity dates to October and December 2023, a 200bps amendment fee, and a put right for noteholders, now uncapped, exercisable at 102% of the principal amount.
Voting for the Scheme is set for January 24, 2023, with a deadline for Voting and Proxy Forms on January 20, 2023. These amendments aim to enhance terms for noteholders while ensuring compliance with applicable sanctions laws.
VEON Ltd. has appointed PricewaterhouseCoopers Accountants N.V. as its statutory financial statement auditors for 2022. Due to the ongoing military conflict in Ukraine, the completion of the audit may miss the statutory deadline of April 30, 2023. Michiel Soeting, Chairman of the Group Audit and Risk Committee, expressed optimism about collaborating with PWC in concluding this crucial process. VEON, a global digital operator serving over 200 million customers, focuses on enhancing digital connectivity and economic growth.