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. (Nasdaq: VEON) is a United Arab Emirates-based digital operator active in wireless telecommunications and digital services across Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The VEON news page on Stock Titan aggregates company announcements, operating company updates, and regulatory communications that illustrate how the group is developing connectivity, digital services, and financial solutions in its core markets.
Recent news highlights VEON’s focus on next-generation connectivity and network resilience. Kyivstar in Ukraine has launched Starlink Direct to Cell satellite connectivity services and a 5G pilot zone in Lviv, while Beeline Kazakhstan has tested Starlink Direct to Cell for voice and messaging. Kyivstar has also invested in solar power generation as part of its energy resilience strategy. These stories show how VEON’s operating companies are combining terrestrial and satellite networks and investing in infrastructure to support reliable communications.
VEON’s news flow also covers digital financial services and financial inclusion. Mobilink Microfinance Bank in Pakistan has launched Islamic banking operations, and Banglalink in Bangladesh has received regulatory approval to operate as a payment service provider, enabling digital payment and money transfer services. Group-level announcements include VEON’s transfer to the Nasdaq Global Select Market and its inclusion in major equity indices such as the S&P Global Broad Market Index and the MSCI Ukraine Index.
Investors and followers of VEON can use this news page to review official press releases on connectivity initiatives, digital financial services, capital markets milestones, and corporate transactions involving VEON and its operating companies. The page provides a centralized view of how VEON’s strategy is reflected in concrete projects and regulatory developments across its five markets.
VEON (Nasdaq: VEON) has appointed Anand Ramachandran as Corporate Development Officer, effective May 1, 2025. In this role, Ramachandran will lead VEON's Mergers & Acquisitions and Investor Relations teams.
Ramachandran joined VEON as Chief of Staff in September 2024, where he managed strategic initiatives involving internal, regional and global stakeholders. His previous role was Vice President of Business Management in the Group CEO's Office at Singapore Telecom. With nearly three decades of experience in international financial markets and investor relations at global investment banks and large telecoms companies, Ramachandran brings significant expertise to this position.
VEON (Nasdaq: VEON) has signed a Memorandum of Understanding (MoU) with Airspan Networks Holdings, a U.S.-based Open RAN solutions provider, to enhance Ukraine's communications infrastructure resilience. The collaboration focuses on developing and testing innovative network solutions, including Open RAN and Air-to-Land network technologies.
As part of VEON's USD 1 billion investment commitment for rebuilding Ukraine's digital infrastructure during 2023-2027, the partnership will explore technical and commercial synergies for resilient network solutions. The investment includes network upgrades, expansion, and advanced capabilities implementation such as Open RAN, direct-to-cell satellite connectivity, and air-to-land solutions.
Airspan brings significant expertise from building the world's first nationwide 4/5G ORAN network in Japan and the largest geographical Open RAN Network in the US. Additionally, VEON's subsidiary Kyivstar has launched a laboratory with Rakuten Symphony to test cloud-native RAN software.
VEON (Nasdaq: VEON) has released selected financial information about Uklon group following the announcement of JSC Kyivstar's agreement to acquire 97% of Uklon's shares. Uklon is a leading Ukrainian ride-hailing and delivery platform.
This disclosure follows VEON's March 18, 2025 announcement of a business combination agreement with Cohen Circle Acquisition Corp. I (Nasdaq: CCIRU), which will result in Kyivstar being listed on the Nasdaq Stock Market under the ticker symbol KYIV. The transaction is expected to close in Q3 2025, subject to Cohen Circle's shareholder approval and other customary conditions.
VEON (Nasdaq: VEON) has announced the commencement of the second phase of its share buyback program, allocating USD 35 million for repurchasing American Depositary Shares (ADS). This follows the successful completion of the first phase, which utilized USD 30 million and concluded on January 27, 2025.
The initiative is part of a larger USD 100 million share buyback program approved by VEON's Board of Directors on July 31, 2024. The company believes its ADSs are currently undervalued relative to its operational performance and strategic potential. The buybacks will be executed on the open market through a 10b5-1 plan with a registered broker-dealer, complying with Rule 10b-18.
VEON (Nasdaq: VEON) reported strong financial results for FY24, with total revenue growing 8.3% YoY to USD 4,004 million and EBITDA increasing 4.9% YoY to USD 1,691 million. The company's performance was driven by robust direct digital revenue growth of 63.0% YoY to USD 460 million, representing 11.5% of total revenues.
Key financial metrics include:
- Total cash and deposits of USD 1,691 million (USD 481 million at HQ)
- Gross debt decreased by USD 311 million YoY to USD 4.4 billion
- Net debt excluding lease liabilities at USD 1.9 billion
- Equity Free Cash Flow of USD 403 million
- Capex of USD 826 million
For FY25, VEON projects underlying local currency growth of 12-14% YoY for total revenue and 13-15% YoY for EBITDA. The company also announced the second phase of its share buyback program for ADSs, worth up to USD 35 million.
VEON's subsidiary Kyivstar has agreed to acquire 97% of Uklon, Ukraine's leading ride-hailing and delivery platform, for USD 155.2 million. Uklon operates in 27 cities across Ukraine with over 100,000 driver-partners, facilitating more than 100 million rides and 3 million deliveries in 2024.
The acquisition aligns with VEON's digital operator strategy, expanding Kyivstar's digital portfolio which includes Helsi healthcare platform and KyivstarTV streaming service. Uklon recently expanded into Uzbekistan and entered the deliveries business in 2023. Current Uklon CEO Serhii Hryshkov will retain his position post-acquisition.
This announcement comes alongside VEON's USD 1 billion investment commitment in Ukraine (2023-2027) and follows the March 18, 2025 announcement of Kyivstar's planned Nasdaq listing under ticker symbol KYIV through a business combination with Cohen Circle Acquisition Corp. I.
VEON (Nasdaq: VEON) has signed a business combination agreement with Cohen Circle Acquisition Corp. I to list Kyivstar, Ukraine's largest digital operator, on the Nasdaq Stock Market. The transaction values Kyivstar at USD 2.21 billion at closing.
Kyivstar serves 24 million customers with fixed and mobile communication services. The company's digital portfolio includes the Helsi healthcare platform with over 28 million registered patients and Kyivstar TV with 2 million monthly active users. Enterprise services include cloud, cybersecurity, AI solutions, and Kyivstar Tech software development.
Following the business combination, expected to close in Q3 2025, Kyivstar Group will trade under the ticker symbol KYIV. VEON will maintain a minimum 80% ownership stake in Kyivstar Group post-closing, subject to Cohen Circle's shareholder approval and customary conditions.
VEON (Nasdaq: VEON) has appointed Johan Buse as the new CEO of Banglalink, its digital operator in Bangladesh, effective April 6, 2025. Buse, who previously led StarHub's Consumer Business Group in Singapore, brings decades of telecom industry experience across Europe, Asia, and the Middle East, including roles at Ooredoo Oman, Deutsche Telekom Croatia, AXIS, and Singtel.
He succeeds Erik Aas, who is departing after nine years of leadership during which Banglalink expanded nationwide, enhanced its 4G network, and launched digital services including Toffee, MyBL, and RYZE. Buse aims to accelerate digital expansion and contribute to Bangladesh's economic growth by leveraging VEON's digital expertise to bridge the digital divide and foster innovation.
VEON (NASDAQ: VEON) has announced it will release its Q4 and full-year 2024 financial and operating results on March 20, 2025 at approximately 10:00 GST (2:00 EST). The company will host a results conference call with senior management at 16:00 GST (8:00 EST) on the same day.
The digital operator is implementing an enhanced shareholder engagement approach by partnering with Say Technologies to facilitate Q&A participation. Starting March 13 at 8:00 EST, shareholders can submit and upvote questions through Say Technologies' platform until 24 hours before the conference call. Questions can also be submitted directly to VEON's Investor Relations team.
VEON (Nasdaq: VEON) announces its subsidiary, Mobilink Microfinance Bank, has won the 'CMO Marketing Campaign' Award at the GSMA Global Mobile (GLOMO) Awards during Mobile World Congress 2025 for its Invisible Heirs campaign.
The campaign addresses women's inheritance rights in Pakistan through an innovative inheritance calculator integrated into Mobilink Bank's Dost mobile app. The initiative combines technological solutions with powerful storytelling to help women calculate and claim their rightful inheritance shares.
This victory adds to VEON's GLOMO Awards success, following Kyivstar's 2024 win for Network Resilience Project. Mobilink Bank previously received the 'Digital Nations Video Creativity Award' for the same campaign at GSMA's M360 Asia-Pacific event in 2024. Additionally, JazzCash, Pakistan's largest fintech with nearly 20 million monthly active users, was shortlisted for 'Best Fintech Innovation' for its Tap Pay for Business feature.
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