VEON Highlights Role of Investments in Rebuilding Ukraine, Renews “Invest in Ukraine, NOW!” Call in Kyiv Visit
Rhea-AI Summary
VEON (Nasdaq: VEON) and its subsidiary Kyivstar highlighted their investments in Ukraine's digital infrastructure during a delegation visit to Kyiv. The delegation, led by VEON Chairman Augie Fabela and CEO Kaan Terzioglu, met with key government officials and participated in the YES Special Meeting.
Key announcements include VEON's USD 1 billion investment plan for Ukraine over 2023-2027 and plans for indirectly listing Kyivstar on Nasdaq, which would make it the first Ukrainian business publicly traded in the US. Kyivstar, wholly owned by VEON, serves nearly 24 million connectivity customers and operates digital platforms including Helsi healthcare platform with 28 million registered users, Kyivstar TV, and various cloud, cybersecurity, and AI solutions.
Positive
- USD 1 billion investment commitment for 2023-2027
- Planned Nasdaq listing for Kyivstar subsidiary
- 24M connectivity customers base
- 28M users on Helsi healthcare platform
- Diversified digital services portfolio
Negative
- None.
News Market Reaction – VEON
In the trading session that priced this news, VEON declined 1.91%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Kyiv and Dubai, 26 February 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, together with its
The VEON delegation, led by VEON Chairman and Founder Augie Fabela, VEON CEO Kaan Terzioglu, met with the Kyivstar team commemorating the third anniversary of the war and renewing VEON’s commitment to investing in Ukraine’s recovery and reconstruction, held a series of bilateral meetings with key government stakeholders and participated in the Yalta European Strategy (YES) Special Meeting.
In bilateral meetings with government stakeholders, including Mykhailo Federov, Deputy Prime Minister for Innovation, Education, Science and Technology Development - Minister of Digital Transformation of Ukraine and Oleksiy Chernyshov, Deputy Prime Minister - Minister of National Unity of Ukraine, VEON and Kyivstar highlighted the work in maintaining critical connectivity and digital services for Ukraine and underscored the role of investments in rebuilding the country. The delegation advocated for immediate investments in the country’s recovery, highlighting VEON’s plan to invest USD 1 billion into Ukraine over 2023-2027, and the progress towards indirectly listing Kyivstar on the Nasdaq Stock Market LLC in the United States, which would make Kyivstar the only Ukrainian business whose shares would be publicly traded in the United States.
“VEON is deeply committed to Ukraine’s future, and to the critical role the private sector and international investments must play in the country’s recovery and reconstruction. It is a privilege to be on the ground in Ukraine at this historically important time, discussing our investment plans that will support building the future of Ukraine," said Augie Fabela, VEON Board Chairman and Founder. "Together with Kyivstar, VEON will continue to support Ukraine by investing in its digital economy, promoting investment opportunities in Ukraine, and bringing game-changing vital technologies like Starlink’s direct-to-cell service to the country.”
VEON is the parent company and the sole owner of Kyivstar, Ukraine’s leading digital operator with the country’s largest mobile and fixed-line connectivity businesses that serve nearly 24 million connectivity customers. Kyivstar offers a wide range of digital services to consumers and Ukrainian businesses, including the digital healthcare platform Helsi, with a registered user base of 28 million, and the entertainment streaming platform Kyivstar TV, as well as cloud, cybersecurity and AI solutions.
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than
Disclaimer
This release contains “forward-looking statements”, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s corporate strategy and plans to indirectly list Kyivstar on a U.S. stock exchange. These statements are based on management’s current expectations and are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may impact VEON’s, ability to enter into a definitive agreement in respect of the indirect listing of Kyivstar on a U.S stock exchange or otherwise complete the proposed indirect listing of Kyivstar on a U.S stock exchange. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
Contact Information
VEON
Hande Asik
Group Director of Communication
pr@veon.com
