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. (VEON) reported robust financial results for Q3 2021, with revenues of USD 2,005 million, reflecting a 10.2% year-over-year increase. Local currency revenue growth reached 11.2%, driven by strong performance in key markets such as Russia, Kazakhstan, and Pakistan. EBITDA rose by 8.6% to USD 889 million, with a local currency increase of 9.1%. Notably, equity free cash flow improved to USD 308 million. The company raised its FY2021 Group EBITDA guidance to a minimum local currency growth of 8%.
VEON Ltd has signed a seven-year agreement with Amdocs to enhance digital services for its Beeline mobile operations in Uzbekistan and Kazakhstan. This agreement will enable the deployment of Amdocs's microservices-based technology, aimed at providing personalized digital experiences. As of June 30, 2021, VEON serves 6.7 million customers in Uzbekistan and 10 million in Kazakhstan, with over 56% and 58% being 4G users, respectively. VEON aims to become a leading digital operator, leveraging this partnership to innovate and adapt its services.
VEON Ltd. announced the departure of long-serving General Counsel, Scott Dresser, effective December 31, 2021. Appointed in August 2014, Dresser has significantly influenced VEON’s governance and strategic initiatives, including navigating a U.S. DOJ/SEC compliance monitorship that concluded in 2019. Under his leadership, the legal department received recognition as a top legal team in the UK/Europe. Dresser will remain as a strategic advisor to the Chairman of the Board, Gennady Gazin, who praised his contributions to the company.
VEON Ltd. (NASDAQ: VEON) has partnered with Sechenov University to launch an Artificial Intelligence Laboratory in Russia. This initiative aims to enhance healthcare technologies, focusing on predictive medicine in traumatology and oncology. Over 120 professionals from both organizations will collaborate on projects to improve high-precision diagnostics. The laboratory seeks to leverage AI for better diagnostic accuracy and treatment predictions based on extensive medical data analysis. This move marks a step toward innovative healthcare solutions and aims to integrate AI into the Russian healthcare system.
On September 17, 2021, VEON Ltd. disclosed a securities transaction involving Erik Aas, CEO of Banglalink. On September 9, 2021, Aas purchased 100,000 ADRs of VEON at a market price of USD 2.1982, totaling USD 219,820. Post-transaction, his holdings amount to 200,000 ADRs. This transaction highlights management's confidence in the company's future amid existing market dynamics.
VEON Holdings B.V. has announced the pricing of its 5-year RUB 20 billion (approximately USD 273 million) senior unsecured notes with an interest rate of 8.125%, due in 2026. This issuance marks the third Russian Rouble-denominated bond offering under its Global Medium Term Note Programme. The settlement date is set for September 16, 2021, and the proceeds will be utilized for general corporate purposes. VEON is actively monitoring the international capital markets for future offerings, depending on market conditions.
VEON Ltd. disclosed that Group CEO Kaan Terzioglu purchased 100,000 ADRs on September 8, 2021, at a market price of USD 2.15, totaling USD 215,000. Following this transaction, Terzioglu now holds 700,000 ADRs. This voluntary disclosure highlights executive confidence and alignment with shareholder interests, possibly positively influencing investor sentiment.
VEON Holdings B.V. has announced a drawdown of senior unsecured notes in Russian Roubles under its Global Medium Term Note Programme, initially established in April 2020. This marks the fourth drawdown under the programme, with a total limit set at US$6.5 billion. The proceeds from these notes will be utilized for general corporate purposes. The updated programme has been approved for listing on the Official List of the Luxembourg Stock Exchange. The Notes will not be registered under the U.S. Securities Act and are available only to qualified institutional buyers.
VEON Ltd (NASDAQ: VEON) has announced an increased investment in ShopUp, Bangladesh's top B2B commerce platform, as part of a $75 million Series B funding round, which ShopUp successfully closed. The investment allows ShopUp to enhance its infrastructure and develop new financial products for small retailers. This funding round is the largest of its kind in South Asia and brings ShopUp's total funding to over $110 million, reflecting over 13 times revenue growth in the past year. VEON's strategic involvement underscores its commitment to expanding digital services in the region.
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