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 (VEON) delivers mobile connectivity, digital services, and fixed-line solutions across emerging markets through brands like Beeline and Kyivstar. This page aggregates all official announcements and third-party coverage related to the company’s operations, financial performance, and strategic initiatives.
Access real-time updates on earnings reports, infrastructure investments, regulatory developments, and technological innovations. Investors gain a consolidated view of material events, while analysts find structured data for market evaluation. Media professionals benefit from primary source verification capabilities.
Key coverage areas include quarterly financial results, partnership announcements, leadership updates, network expansion projects, and digital service launches. All content undergoes strict sourcing verification to ensure compliance with financial disclosure standards.
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VEON Ltd. (NASDAQ: VEON) has announced its innovative Always-on Network Service, enabling digital financial applications to remain operational during mobile service disruptions. Such interruptions, which occurred 155 times across 29 countries in 2020, caused financial damages estimated at $23.6 million per day per 10 million population. The service, which utilizes 4G network-slicing technology, will initially launch in Pakistan, ensuring the JazzCash mobile banking service continues functioning amidst service suspensions. This initiative aligns with VEON's strategy to enhance digital connectivity.
VEON Ltd. has secured a new RUB 30 billion (approximately USD 400 million) seven-year term loan from VTB Bank, guaranteed by VEON Holdings B.V. This floating-rate facility aims to enhance VEON's capital structure and will finance intercompany loans to PJSC VimpelCom. CFO Serkan Okandan emphasized that the loan aids in extending the maturity of the company's debt portfolio, thereby improving financial stability.
VEON Ltd. (NASDAQ: VEON) has announced plans to move its parent company from Bermuda to the United Kingdom, establishing a new UK public limited company as the top holding entity. This transition aims to enhance operational efficiency and align with high standards of corporate governance. The company expects no adverse tax implications or significant changes to its governance structure. Shareholder approval will be sought, with shares to be exchanged on a 1-for-1 basis. The transition is set to comply with regulatory requirements and will maintain current listings on Euronext Amsterdam and NASDAQ.
VEON Ltd. has announced updates to its financial calendar, with quarterly financial results set for publication on specific dates. The results for the fourth quarter of 2021 will be released on February 28, 2022, followed by the first quarter of 2022 on April 28, 2022, the second quarter on August 4, 2022, and the third quarter on November 3, 2022. The announcement underlines VEON's commitment to transparency in reporting financial performance.
VEON Ltd. announced the appointment of Karen Linehan as a non-executive director on its board. Formerly the General Counsel of Sanofi, Karen brings over 30 years of legal experience in the healthcare sector. Her notable achievements include promoting diversity and gender balance within Sanofi. She fills the vacancy left by Steve Pusey and will also contribute to the Audit & Risk and Nominating & Corporate Governance Committees. This strategic move aims to enhance the board's governance and oversight capabilities as VEON continues its growth in connectivity and digital services.
VEON Ltd. has announced the appointment of Mohammad Khairil Abdullah as the new CEO of VEON Ventures, effective March 1, 2022. Khairil, previously the CEO of Axiata Digital Services, brings significant experience in digital businesses, including data, AI, and fintech. His leadership is expected to enhance VEON's digital ventures, including JazzCash and Toffee, while focusing on delivering shareholder value. VEON aims to leverage Khairil's expertise to accelerate growth and synergy across its operations in emerging markets.
VEON Ltd. has announced a partnership between its mobile operator Beeline in Russia and Yandex.Plus to launch a new tariff plan called 'People closest to you with Yandex.Plus'. This plan offers a single-payment package including voice minutes, internet, and unlimited messages, along with access to Yandex’s services like Kinopoisk and Yandex Music. Notably, usage of Yandex services will not count against the main traffic allowance. The initiative aims to enhance user convenience and reflects modern digital consumption habits.
VEON Ltd. has successfully secured bank financing of RUB 90 billion (approximately USD 1.215 billion) through its subsidiary VEON Finance Ireland. The financing involves two bilateral loan facilities of RUB 45 billion each from Sberbank and Alfa Bank, with terms spanning five years. The fixed and floating rate tranches aim to enhance VEON's capital structure and support corporate purposes, including intercompany loans to PJSC VimpelCom. CFO Serkan Okandan highlights this move as part of ongoing efforts to extend VEON’s debt maturity.
VEON Ltd. (NASDAQ: VEON) has appointed Andrey Pyatakhin as CEO of Beeline Kyrgyzstan, effective immediately. Pyatakhin, a veteran with over 20 years at VEON, aims to enhance Beeline Kyrgyzstan's growth trajectory after a stable 2021. Kaan Terzioglu, VEON's CEO, highlighted Kyrgyzstan's strong 4G market and recent spectrum acquisition as key growth factors. The company is focused on leveraging its technology-driven services to empower opportunities in emerging markets.
VEON Ltd. announces the appointment of Victor Biryukov as the new Group General Counsel, effective January 1, 2022. He succeeds Scott Dresser, who is stepping down on December 31, 2021. Biryukov, previously Vice-President for Legal at Beeline Russia, brings 23 years of corporate legal experience to his new role, where he will lead VEON's legal team and support strategic initiatives. The CEO, Kaan Terzioglu, endorses Biryukov's leadership as vital for VEON's governance and future business strategies.
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