Veon Ltd Stock Price, News & Analysis

VEON has launched Hambi, an AI-powered super app in Uzbekistan that consolidates digital services and connectivity into a single application. The app, whose name means 'all-in-one' in Uzbek, is available to all mobile users regardless of their provider. Hambi offers various services including e-health consultation (Hambi Davo), car insurance (Hambi Auto), digital marketplace, travel, entertainment, TV, fintech, and gaming functionalities. Beeline Uzbekistan customers get additional self-service options for managing tariffs, data, and roaming. Users can earn mobile data plans, discounts, and bonuses through daily engagement. The app features AI-powered elements for personalized user experience and joins VEON's portfolio of super apps across other markets.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, has announced the filing of its 2023 Dutch Annual Report with the Dutch Authority for the Financial Markets (AFM). The report includes audited consolidated financial statements for the year ended December 31, 2023, prepared according to International Financial Reporting Standards as adopted by the EU and Dutch Civil Code requirements. The complete report is available on VEON's website in the Financial Results section.

VEON (NASDAQ: VEON, Euronext Amsterdam: VEON) has announced it will release its Q3 2024 financial and operating results on 14 November 2024 at approximately 7:00 CET. The company will host a results conference call with senior management at 14:00 CET the same day.

To enhance shareholder engagement, VEON is partnering with Say Technologies to allow shareholders to submit and upvote questions starting from 6 November at 14:00 CET. The Q&A platform will be available until 24 hours before the conference call.

VEON announces the re-election of Group CEO Kaan Terzioglu to the GSMA Board of Directors for the 2025-2026 term. The GSMA Board comprises 26 members representing mobile operators globally. VEON currently serves nearly 160 million connectivity customers and over 100 million monthly active digital service users across six markets - Ukraine, Pakistan, Bangladesh, Kazakhstan, Uzbekistan, and Kyrgyzstan - representing more than 7% of the world's population. The company offers services in connectivity, financial services, education, healthcare, and business digitization.

JazzCash, VEON's financial services arm in Pakistan, has partnered with Dgpays to modernize its e-commerce payment gateway. The collaboration aims to enhance transaction speed, security, and fraud prevention capabilities across Pakistan. Digital wallet transactions in Pakistan grew 134% year-on-year to 269 million, representing 87% of online e-commerce payments. JazzCash, serving over 1,700 e-commerce merchants, processed over 110 million transactions in Q1-Q3 2024, marking a 150% year-on-year increase. The upgraded gateway will feature faster transactions, merchant management systems, customizable checkout pages, and advanced fraud prevention tools.

VEON's subsidiary Jazz launches FikrFree, an AI-powered digital marketplace for insurance and healthcare in Pakistan. The platform addresses Pakistan's low insurance penetration rate (less than 1% of GDP) by offering personalized insurance plans and healthcare services through a mobile app. FikrFree features flexible payment options, streamlined claims processing with 36-hour payouts, and AI-driven insurance recommendations.

The service complements Jazz's existing digital portfolio, including Tamasha (18M MAUs), JazzCash (17.7M MAUs), and SIMOSA (15.2M MAUs) in 2Q24. This initiative aligns with VEON's Digital Operator 1440 strategy, with direct digital revenues representing over 10% of VEON Group's total revenues.

VEON (Nasdaq: VEON; Euronext Amsterdam: VEON) has received a letter from Shah Capital, a 7% shareholder, outlining views on VEON's valuation and suggesting a seven-step strategic roadmap to enhance shareholder value. VEON's Board and Management have reviewed the letter and appreciate Shah Capital's insights and support.

While VEON's share value has more than doubled over the past 2 years, the company acknowledges potential for further improvement. VEON highlights strong investor engagement, recent inclusion in JP Morgan's EM Corporate Indices, and an upgraded MSCI ESG rating of AA. The company is evaluating options to crystallize business value, including potential IPOs of some companies.

VEON's Digital Operator (DO1440) strategy, now complemented by AI1440 focus, drives growth in digital services. The company plans to move headquarters to Dubai and consolidate trading on Nasdaq Stock Exchange. VEON remains committed to sustainable growth and creating long-term shareholder value.

VEON (Nasdaq: VEON; Euronext Amsterdam: VEON) has announced the commencement of its delisting process from Euronext Amsterdam, with the last trading day set for 22 November 2024 and the delisting effective from 25 November 2024. This move aims to consolidate trading on Nasdaq, where VEON's American depositary shares (ADSs) will be traded under the ticker symbol VEON.

VEON's Group CEO, Kaan Terzioglu, stated that this decision aligns with the company's long-term strategy and will strengthen liquidity and simplify reporting processes. The company is committed to ensuring a smooth transition for Euronext Amsterdam shareholders, offering options to adjust their holdings and deposit Common Shares in exchange for ADSs. VEON will cover ADS issuance fees for shareholders who deposit their Common Shares during the specified period.

VEON (Nasdaq: VEON; Euronext Amsterdam: VEON), a global digital operator, has announced its full compliance with Nasdaq listing requirements following the filing of its 2023 Form 20-F on October 17, 2024. Nasdaq has confirmed VEON's compliance, resolving the previously granted exception for the delayed filing. The company had until November 11, 2024, to remediate the delay but met the condition nearly a month earlier.

VEON Group CEO Kaan Terzioglu expressed appreciation for Nasdaq's support, where VEON has been listed since 2013, and highlighted the company's commitment to transparent communication with investors. He stated that VEON is now fully compliant with its listing requirements and looks forward to unlocking further value for shareholders.