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VEON Ltd - VEON STOCK NEWS

Welcome to our dedicated news page for VEON (Ticker: VEON), a resource for investors and traders seeking the latest updates and insights on VEON.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VEON's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VEON's position in the market.

News
VEON’s Mobilink Bank Participates in COP28, Emphasizes the Role of Gender Inclusivity in Climate Finance
Rhea-AI Summary
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) announces that its financial services operating company in Pakistan, Mobilink Bank, participated in the 28th United Nations Climate Change Conference (COP28) in Dubai. Mobilink Bank has invested over PKR1.6 billion in green financing and allocated over PKR12 billion of subsidized financing to more than 66 thousand women entrepreneurs. The company aims to combat climate change and promote gender equality through its sustainable agricultural practices and gender-inclusive focus.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
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none
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News
VEON’s Kyivstar and Amazon Web Services Sign Memorandum of Cooperation to Support the Development of Ukrainian Businesses
Rhea-AI Summary
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) announces partnership between its subsidiary Kyivstar and Amazon Web Services to provide cloud infrastructure services and expertise in data-processing to Ukrainian businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
Tags
none
-
News
VEON Implements New Clawback Policy and Updates Incentive Plans to Enhance Accountability in Compliance with Nasdaq Listing Standards
Rhea-AI Summary
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) announces governance enhancements to its executive remuneration structure, including a new Clawback Policy and updates to incentive plans to align with Nasdaq listing standards, emphasizing its commitment to ethical corporate governance practices and financial integrity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
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none
News
VEON Recognised for Crisis Response at World Communication Awards 2023
Rhea-AI Summary
VEON Ltd. (VEON) received the Crisis Response Award at the World Communication Awards 2023 for its emergency response initiatives in Ukraine, Pakistan, and Bangladesh. The award recognized VEON's comprehensive approach to disaster response, including network resilience, early disaster-warning apps, and humanitarian aid. VEON's digital operators, such as Kyivstar and Jazz, were commended for their efforts in maintaining telecommunications networks and providing digital health services during crises. VEON's CEO emphasized the company's commitment to serving countries and communities in need, securing connectivity for all, fostering future development, and facilitating the distribution of humanitarian assistance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
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none
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News
VEON 3Q23 trading update: raising full-year revenue and EBITDA guidance, return to USD revenue growth, exit from Russia completed
Rhea-AI Summary
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) reports Q3 2023 highlights including a 6.1% YoY revenue increase, service revenue up 6.9% YoY, EBITDA up 17.0% YoY, and a 29.8% YoY decrease in Capex. The company's 4G and Multiplay users generated revenues of USD 474 million, with total cash and cash equivalents of USD 2.2 billion. Net debt excluding leases reduced from USD 5.1 billion in 3Q22 to USD 1.3 billion in 3Q23, while net debt excluding leases to EBITDA ratio declined from 3.3x in 3Q22 to 0.86x in 3Q23.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.73%
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none
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News
Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial Sale of Bangladesh Towers Portfolio
Rhea-AI Summary
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) Announces Sale of Tower Portfolio in Bangladesh to Summit Towers Limited for BDT 11 billion, Establishes Long-Term Service Partnership
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
none
News
VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivstar Board of Directors
Rhea-AI Summary
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) announces former U.S. Secretary of State Michael R. Pompeo joining the Board of Directors of its Ukrainian subsidiary Kyivstar as an independent non-executive director. This move reflects VEON's commitment to Ukraine, with CEO Kaan Terzioglu appointed as Chair of the Kyivstar Board. VEON has committed USD 600 million in investments in Ukraine over the next three years, exiting Russia to focus on serving Ukraine through Kyivstar. Secretary Pompeo joins as a Partner of Impact Investments, supporting Kyivstar and VEON in key strategic initiatives regarding Ukraine.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.34%
Tags
management
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News
VEON Launches Digital-First Operator OQ in Uzbekistan
Rhea-AI Summary
VEON Ltd. announces the launch of digital operator OQ in Uzbekistan, targeting digital natives with integrated media and entertainment services. OQ will provide users with independent service selection, individual tariff formation, and fair payment commitment. It will offer access to streaming music and licensed films, with plans to introduce exclusive content in the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
VEON to release 3Q 2023 trading update on 20 November 2023
Rhea-AI Summary
VEON Ltd. will release its selected financial and operating results for the third quarter and nine months ended 30 September 2023 on 20 November 2023. A results conference call with senior management will also be held on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
VEON files motion with Kyiv Court challenging the freezing of corporate rights in Kyivstar
Rhea-AI Summary
VEON Ltd. challenges the freezing of corporate rights in Kyivstar, filing motions with the Kyiv district court. VEON asserts that the freezing violates its rights and those of its investors. The company requests the lifting of the freezing and clarifies that sanctioned individuals have no ownership or control over VEON or Kyivstar. If the motions are rejected, further legal steps are available. The freezing of corporate rights does not amount to asset seizure and does not hinder the interests of foreign investors. Kyivstar continues to operate with full integrity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
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none
Stock VEON logo
VEON Ltd

Nasdaq:VEON

VEON Rankings

#1981 Ranked by Market Cap
#127 Ranked by Stock Gains
N/A Ranked by Dividends

VEON Stock Data

1.75B
692.81M
0.06%
23.35%
0.1%
Wireless Telecommunications Carriers (except Satellite)
Information
Link
Netherlands
Amsterdam

About VEON

a global tech company aiming to lead the personal internet revolution, bringing new experiences to hundreds of millions of customers in the markets of tomorrow