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. 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.
VEON Ltd. has acquired IBS DataFort, a prominent cloud IT infrastructure provider. This acquisition, executed through VEON's VimpelCom subsidiary, enhances Beeline's cloud service offerings in Russia. IBS DataFort, established in 2001, is recognized for managed cloud services. The integration will bolster Beeline's market position and enable the development of innovative products in cloud, cybersecurity, and Big Data. CEO Kaan Terzioglu emphasized that this move supports VEON's digital operator strategy and technological expansion.
VEON Ltd. (NASDAQ: VEON) has announced ambitious medium-term financial targets for 2022-2024, aiming for a 10-14% CAGR in local currency revenue and EBITDA growth. The company anticipates a three-point EBITDA margin expansion, driven by a cost efficiency program that is expected to yield USD 250 million in annual savings by 2024. VEON plans to reduce its US dollar-denominated debt to below 40% of net debt while lowering its capex intensity below 20%. CEO Kaan Terzioğlu highlighted the growth potential across nine markets as the company transitions to a digital operator model.
VEON Ltd. (NASDAQ: VEON), a global connectivity provider, has launched a new long-term incentive plan for its Group Executive Leadership. This initiative aims to align executive compensation with shareholder value creation. Key features include:
- Performance shares with a three-year vesting period
- 50% of annual short-term incentives in VEON shares
- Shareholding requirements for executives, twice their annual base salary, and six times for the CEO
CEO Kaan Terzioğlu emphasized that the plan is crucial for the company's long-term success.
VEON Ltd. announces the global launch of its MobileID initiative, a comprehensive authentication and credential management system aimed at improving digital identity validation. The service is set to benefit 212 million customers across nine countries and will comply with local data privacy laws. Following successful trials in Russia, MobileID promises enhanced security for consumers and retailers, with features like universal login and faster service registration. This initiative marks a significant step in addressing online fraud while improving customer experience.
VEON Ltd. has launched its MobileID initiative aimed at providing secure authentication and credentials management for consumers and retailers. This service will be rolled out to 212 million customers across nine countries, ensuring compliance with local data privacy laws. MobileID integrates GSMA's Mobile Connect standard, allowing seamless identity verification both online and in physical stores. Following successful trials in Russia, MobileID will begin deployment in Uzbekistan and Kazakhstan. The initiative promises enhanced customer experiences and higher conversion rates for participating retailers.
On Dec. 1, 2021, VEON Ltd. announced the completion of the sale of its Russian tower assets to Service-Telecom, following regulatory approvals. The deal involves the sale of 100% of National Tower Company, encompassing approximately 15,400 mobile network towers, for a total of RUB70.65bn (USD957mn). VEON received RUB64.4bn (USD872mn) at closing, with further payments due over the next three years, aimed at reducing external debt. This transaction strengthens VEON’s financial flexibility and supports a long-term partnership with Service-Telecom.
On December 1, 2021, VEON Ltd. disclosed a securities transaction involving Erik Aas, CEO of Banglalink. On November 26, 2021, Aas purchased 50,000 ADRs at a market price of USD 1.76, totaling USD 87,795. Post-transaction, Aas holds a total of 250,000 ADRs. VEON is a global provider of connectivity and internet services, listed on NASDAQ and Euronext Amsterdam.
On December 1, 2021, VEON Ltd. announced a voluntary disclosure regarding securities transactions by Kaan Terzioglu, the Group CEO. On November 26 and 29, 2021, Terzioglu purchased 100,000 ordinary shares for an average market price of RUB 134.95, totaling RUB 13,494,539. Following this purchase, he holds 900,000 ADR/ORDs in the company. VEON, listed on NASDAQ and Euronext Amsterdam, is a global provider of connectivity and internet services.
VEON Ltd. has signed a Memorandum of Understanding with Bilim Tech to launch the Astrum IT Academy in Uzbekistan, aimed at educating 2,000 IT students annually in AI programming and big data analytics. This initiative supports Uzbekistan's Digital 2030 programme, fostering technology-led economic growth. VEON will provide educational services, internships, and real-life projects. The academy expects to train students in a purpose-built facility, with a focus on practical insights. Up to 10% of top students may secure long-term positions with VEON, enhancing the local tech workforce.
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