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 secured all regulatory approvals for its strategic infrastructure partnership with Engro Corporation in Pakistan. The deal involves transferring VEON's infrastructure assets from Deodar to Engro Connect, Engro Corp's subsidiary. Under the agreement, Engro will pay $188 million to Jazz and guarantee Deodar's intercompany debt repayment of $375 million.
The partnership, initially announced in December 2024, received approvals from the Competition Commission of Pakistan, Pakistan Telecommunication Authority, and Islamabad High Court. The arrangement is expected to complete in June 2025. Jazz will continue to lease Deodar's infrastructure for nationwide mobile services through a long-term partnership agreement, transforming into an asset-light services company.
Beeline Uzbekistan, a subsidiary of VEON Ltd. (NASDAQ: VEON), has relocated its headquarters to Tashkent's IT Park, marking a significant step in its commitment to Uzbekistan's digital transformation. The new headquarters will accommodate around 2,000 employees, including digital services teams, VEON AdTech, and Beelab.
The company reported 9.5 million monthly active digital users in Q1 2025, offering services through its fintech app Beepul, super-app Hambi, and digital entertainment platforms Kinom and Riitm. Since entering the Uzbek market in 2006, VEON has focused on expanding beyond traditional connectivity to deliver digital financial and AI-powered technologies through its DO1440 and AI1440 initiatives.
VEON Ltd. (Nasdaq: VEON) has become the founding member of GSMA Advance's People Excellence Partner program, demonstrating its commitment to professional development and continuous learning. Through this partnership, VEON employees will gain access to GSMA Advance's comprehensive learning materials, including courses and certifications in crucial areas such as 5G, IoT, mobile privacy and security, public policy, and regulatory best practices.
The initiative, coinciding with VEON's strategic relocation from Amsterdam to Dubai, aims to leverage the local talent pool while providing employees with opportunities for skill development in telecom and digital domains. This partnership reinforces VEON's dedication to building high-performing teams equipped with cutting-edge industry knowledge.
VEON Ltd. (Nasdaq: VEON) held its Annual General Meeting at Nasdaq Stock Market in New York City, where shareholders approved the re-election of all seven directors to the Board. The meeting saw approximately 99.5% shareholder representation. Following the AGM, Augie K Fabela II, VEON's founder, was re-elected as Chairman for a second term.
The re-elected Board includes Andrei Gusev, Rt. Hon. Sir Brandon Lewis CBE, Duncan Perry, former U.S. Secretary of State Michael R. Pompeo, Michiel Soeting, and VEON Group CEO Kaan Terzioglu. Shareholders also approved the re-appointment of UHY LLP as the external auditor for the 2025 financial year.
VEON Ltd. (NASDAQ: VEON) has announced that its Kazakh software development company, QazCode, has signed an MoU with Seekr to develop AI-powered B2B solutions. QazCode will integrate SeekrFlow, an end-to-end enterprise AI platform, to accelerate the development of augmented intelligence solutions across VEON's operating countries.
QazCode has already achieved significant milestones in AI development, including creating KazLLM, an AI model with versions containing 8 billion and 70 billion parameters, and Kaz-RoBERTA, the first Kazakh language AI model with 2 billion parameters. The company's KazLLM recently won the GSMA Foundry's Artificial Intelligence Award at MWC Barcelona in February 2025.