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VEON appoints Burak Ozer as Group Chief Financial Officer
GlobeNewswire· 2025-01-09 07:00
Key Announcement - VEON Ltd appoints Burak Ozer as Group Chief Financial Officer (Group CFO), effective 9 January 2025 [1] - Burak Ozer succeeds Joop Brakenhoff, who will continue as an Advisor to the Group CEO [1] Burak Ozer's Background - Burak Ozer brings over 27 years of international finance experience [2] - He started his career at Xerox, holding key financial positions in the USA and UK, and served as General Manager of Xerox Turkey [2] - Most recently, he was CFO in the global Digital Transformation, IT Solutions & Cybersecurity sector [2] Leadership Comments - VEON Group CEO Kaan Terzioglu welcomes Burak Ozer, citing his international experience and track record as invaluable for VEON's repositioning in frontier markets [3] - Terzioglu expresses gratitude to Joop Brakenhoff for his years of service and looks forward to his continued advisory role [3] - Burak Ozer expresses excitement to join VEON during a pivotal growth and innovation phase, aiming to drive growth and ensure strong financial governance [3] About VEON - VEON is a global digital operator serving nearly 160 million customers across six countries, representing over 7% of the world's population [4] - The company provides converged connectivity and digital services, transforming lives through technology-driven services in areas like connectivity, financial services, entertainment, education, and healthcare [4] - VEON is listed on NASDAQ [4]
In a Groundbreaking Agreement, VEON and Starlink to Bring Starlink Direct-to-Cell Satellite Connectivity to Kyivstar Customers
Newsfilter· 2024-12-30 08:00
Dubai and Kyiv, 30 December 2024: VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" or "VEON Group"), today announces that Kyivstar, its digital operator in Ukraine, has signed an agreement with Starlink, a division of SpaceX, to introduce groundbreaking direct-to-cell satellite connectivity in Ukraine. Upon its launch, the service will make Ukraine one of the first countries to have the game-changing Starlink direct-to-cell service, enhancing the resilience of the country's connectivity landscape ...
VEON discloses its unaudited interim condensed consolidated financial statements for 3Q and 9M 2024
Newsfilter· 2024-12-13 07:00
Dubai and Amsterdam, 13 December 2024: VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON"), following the release of its 3Q24 trading update on 14 November 2024, today discloses its unaudited interim condensed consolidated financial statements for the three-month and nine-month periods ended 30 September 2024 for VEON Ltd. The Financial Statements are available on the VEON Group website at https://www.veon.com/investors/. About VEONVEON is a Nasdaq-listed digital operator that provides converged con ...
Kyivstar and Jazz Secure Double Win for VEON at The World Communication Awards 2024
GlobeNewswire News Room· 2024-12-12 11:00
London, 12 December 2024 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that it won in two categories at the World Communication Awards 2024. Kyivstar, VEON’s digital operator in Ukraine, received the Crisis Response Award, while Jazz, the Company’s operator in Pakistan, received the Best Operator in a Growth Market Award. Both companies and VEON were commended for their positive impact and dedication to the markets in which they operate, during the awards ceremon ...
Kazakh Language Gets its National LLM with a Groundbreaking Partnership of Kazakh Research Institutions and VEON's QazCode
GlobeNewswire News Room· 2024-12-11 14:13
Kaz-LLM Development and Launch - VEON Ltd, in partnership with the Ministry of Digital, Innovations, and Aerospace Industry of Kazakhstan, ISSAI NU, Beeline Kazakhstan, and Astana Hub, launched the open-source Kazakh-language large language model (Kaz-LLM) [1] - Kaz-LLM was developed with over 150 billion tokens and is capable of interacting in Kazakh, Turkish, English, and Russian [2] - The model has two versions with 8 billion and 70 billion parameters, aimed at accelerating AI-powered product and service adoption in Kazakhstan [2] - Kaz-LLM has been published on the Hugging Face platform ahead of its full launch [2] VEON's Role and Strategy - VEON's QazCode is the only private sector partner in the Kaz-LLM initiative, aligning with VEON's mission to provide augmented intelligence tools for low-resource languages [3] - Kazakhstan is VEON's most advanced market in terms of augmented intelligence capabilities [3] - VEON aims to bridge the linguistic gap in AI, ensuring equal opportunities for the half a billion people in its markets [5] - VEON Group CEO highlighted the potential of AI to enhance human skills in various sectors, including healthcare, education, and agriculture [5] Beeline Kazakhstan and QazCode Contributions - Beeline Kazakhstan and QazCode have already launched several AI products, including the open-source Kaz-RoBERTA-conversational model with 2 billion parameters [7] - Kaz-RoBERTA-conversational is used for customer service interactions on Beeline Kazakhstan's digital platforms and has been downloaded over three thousand times on Hugging Face [7] - QazCode, with a team of 700 including 350 developers, focuses on telecoms process automation, gamification, entertainment, and IT productivity using AI [11] - Beeline Kazakhstan serves 11 million mobile customers and 2 million fixed internet customers, with a digital ecosystem of 60 products and 11.6 million monthly active users as of June 2024 [10] International Collaboration and Expertise - Beeline Kazakhstan and QazCode contribute to international know-how on LLM development for low-resource languages, collaborating with GSMA Foundry and the Barcelona Supercomputing Center [8] - QazCode shares expertise on LLM development, including the Catalan language model developed by the Barcelona Supercomputing Center [8] ISSAI and National AI Ecosystem - ISSAI, founded in September 2019, drives AI research and innovation in Kazakhstan, collaborating with national and international partners in education, industry, and government [9] - The launch of Kaz-LLM is a pivotal step in developing Kazakhstan's AI ecosystem, reflecting the country's commitment to innovation and technological progress [4]
In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON's Corporate Rights on Kyivstar
GlobeNewswire News Room· 2024-12-03 09:00
Court Decision and Corporate Rights - The Shevchenkivskyi District Court of Kyiv unfroze VEON's corporate rights in Kyivstar and other Ukrainian subsidiaries, including Ukraine Tower Company, KyivstarTech, and Helsi [1][2] - This decision reflects Ukraine's commitment to the rule of law and protection of international investors' rights [2] - The unfreezing removes a source of concern for VEON's investors and enables accelerated business partnerships in Ukraine [4] VEON's Strategic Direction - VEON aims to create further value in Kyivstar by exploring ways to attract international and local investors [5] - Kyivstar is highlighted as the sole Ukrainian investment theme on the U S listed equity market through VEON's Nasdaq listing [5] VEON's Global Presence - VEON is a NASDAQ-listed digital operator serving nearly 160 million customers across six countries, representing over 7% of the world's population [7] - The company focuses on providing connectivity and digital services to drive economic growth and transform lives [7] Investor Confidence - VEON expresses gratitude to investors for their continued confidence and support during the period of frozen corporate rights [3] - The court ruling is seen as a win-win for VEON's investors, Kyivstar, and Ukraine, enhancing the country's appeal as an investment destination [4]
VEON Welcomes Unfreezing of its Corporate Rights in Kyivstar, Supporting Ukraine's Recovery and Resilience
GlobeNewswire News Room· 2024-11-29 16:45
Amsterdam, Dubai and Kyiv, 29 November 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), is pleased to announce that the Shevchenkivskyi District Court of Kyiv has ruled in favor of a request to unfreeze 47.85% of VEON’s corporate rights in Kyivstar and 100% of VEON’s corporate rights in its other Ukrainian subsidiaries (Ukraine Tower Company, Kyvistar Tech and Helsi). The decision fully removes the restrictions on VEON’s corporate rights imposed by the Ukrainian courts on ...
VEON Shares Now Trade Exclusively on Nasdaq in New York
GlobeNewswire News Room· 2024-11-25 15:00
Company Strategy - VEON consolidates its share trading on the Nasdaq Capital Market in New York, ceasing trading on Euronext Amsterdam to enhance liquidity and simplify reporting [1][2] - The move to Nasdaq is part of VEON's strategy to improve accessibility for current and potential investors, focusing on growth in dynamic frontier markets [3] - VEON plans to relocate its Group headquarters to Dubai, increasing visibility for Gulf investors and becoming the largest Nasdaq-listed company with a Dubai headquarters [4] Shareholder Information - VEON's common shares will continue to be traded on Nasdaq as American depositary shares (ADSs), with each ADS representing 25 common shares under the ticker symbol VEON [4] - Euronext Amsterdam shareholders can deposit their Common Shares with The Bank of New York Mellon in exchange for ADSs, with VEON covering ADS issuance fees until 6 December 2024 [5] Company Overview - VEON is a Nasdaq-listed digital operator providing connectivity and digital services to nearly 160 million customers across six countries, representing over 7% of the world's population [7] - The company focuses on technology-driven services that empower individuals and drive economic growth in its operating regions [7]
VEON Publishes 2023 Dutch Annual Report for VEON Holdings B.V. with Audited Financial Statements for Year Ended 31 December 2023
GlobeNewswire News Room· 2024-11-21 13:30
Amsterdam and Dubai, November 21, 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, (“VEON” or the “Company” or together with its subsidiaries, the “Group”), today published the 2023 Dutch Annual Report for its wholly-owned subsidiary VEON Holdings B.V., which includes audited consolidated financial statements for the year ended December 31, 2023. A copy of the VEON Holdings B.V. 2023 Dutch Annual Report can be found on the Financial Results section of VEON website: http ...
VEON on Track to Consolidate Trading on Nasdaq in New York, Last Day on Euronext Amsterdam is Tomorrow
GlobeNewswire News Room· 2024-11-21 08:00
Amsterdam and Dubai, 21 November 2024: VEON Ltd. (Nasdaq: VEON; Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Company”), today confirms that, as previously announced, its shares will cease trading on the Euronext Amsterdam at the close of trading tomorrow, 22 November 2024 (the “Last Trading Date”), and that the delisting of its common shares from trading on Euronext Amsterdam (the “Euronext Amsterdam Delisting”) will be effective from Monday, 25 November 2024. As it moves to consolid ...