Veon Ltd Stock Price, News & Analysis

VEON Ltd. has received an additional 180-day grace period from Nasdaq to comply with the minimum bid price requirement, extending the deadline to 1 April 2023. This extension follows the initial notification on 7 April 2022 regarding non-compliance. VEON will transfer its listing to Nasdaq Capital Markets and has committed to undertake necessary corporate actions to meet compliance standards during this new period. Group CEO Kaan Terzioglu stated that this extension is beneficial for all stakeholders.

VEON Ltd. announced on September 26, 2022, the launch of next-generation 4G networks nationwide through its subsidiary Banglalink in Bangladesh. This initiative aims to enhance digital connectivity, expecting to double internet speeds and boost the economic development of Bangladesh, where 92.8% of internet users rely on 4G. The rollout involves deploying 3,000 new base stations and utilizes the 2.3 GHz spectrum. This advancement positions Banglalink as a leader in providing high-quality digital services in the country, facilitating better access to health, education, and entertainment.

VEON Ltd. has announced a share award for Group CEO Kaan Terzioğlu, comprising 5,231,771 shares to be issued on 1 October 2022. Out of these, 1,569,531 shares will vest on the grant date, while the remaining 3,662,240 shares will vest on 1 September 2023. Currently, Terzioğlu holds 1,674,900 shares. This award recognizes Terzioğlu's leadership during challenging times and aligns his interests with those of shareholders. The press release includes a disclaimer about forward-looking statements regarding VEON's strategic plans.

VEON Ltd. reported a positive trading update for the first eight months of 2022, showing a 3.1% increase in consolidated revenue year-on-year in reported currency, and 6.5% in local currency. Service revenue grew 4.3% YoY, while EBITDA rose 3.9% YoY. The company generated cash of USD 682 million from its stake in Algerian operator Djezzy, with total cash and deposits reaching approximately USD 3.2 billion. Notably, 4G penetration increased by 16.5%, contributing to operational momentum.

Amsterdam, 15th September 2022: VEON Ltd. (NASDAQ: VEON) has announced three new initiatives from its subsidiary, Mobilink Microfinance Bank, aimed at empowering women entrepreneurs and supporting farmers in Pakistan. These initiatives include low-cost 4G handsets integrated with a digital banking application, e-commerce services for female business owners, and agricultural advisory services targeting farmers. With only 7% of women financially included in Pakistan, this initiative aims to enhance digital participation and economic growth in the country.

VEON Ltd. announces that its Bangladeshi subsidiary, Banglalink, has won the Ookla Speedtest Award for the fastest mobile network in Bangladesh for the third consecutive year. With a Speed Score of 21.56, Banglalink has solidified its position as the top provider of high-speed internet in the country.

Recent expansions include over 3000 sites deployed and a doubled spectrum holding through the acquisition of 40 MHz spectrum. Additionally, Banglalink recorded double-digit revenue growth in Q2 2022, reflecting VEON's commitment to enhancing digital services.

VEON Ltd. has pledged support for Uzbekistan's Digital Uzbekistan 2030 initiative, aimed at establishing the country as a major IT hub in Central Asia. The announcement was made during a meeting between the Prime Minister and VEON's CEO. VEON plans to house its international operations hub at the newly opened IT-Park in Tashkent and facilitate digital education and job opportunities. The company committed $250 million over five years to enhance digital services in Uzbekistan, including expanding 4G connectivity and creating a local IT Academy.

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.