Dubai, April 8, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, has successfully completed the reorganization of VEON Holdings B.V. and finalized its consent solicitation process, first announced on January 13, 2025. These steps pave the way for the proposed business combination with Cohen Circle Acquisition Corp. I, which is expected to lead to Kyivstar Group Ltd., the parent company of Ukraine’s leading digital operator Kyivstar, listing on the Nasdaq under the ticker symbol KYIV. The reorganiz ...

Dubai, March 31, 2025 – VEON Ltd. (NASDAQ:VEON), a global digital operator, ("VEON" or the "Company"), today announced that its Board of Directors (the "Board") has set the date for the Company's 2025 Annual General Meeting of Shareholders (the "AGM") for May 8, 2025. The record date for the AGM has been set for March 31, 2025. The Board and its Remuneration and Governance Committee have recommended VEON's seven current Board members for re-election at the AGM, including among them five nominees by statutor ...

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Dubai, March 27, 2025 – VEON Ltd. (NASDAQ:VEON), a global digital operator, today announces the successful syndication of a 24-month, USD 210 million senior unsecured term loan under a new facility agreement from a consortium of international lenders, including ICBC Standard Bank and leading GCC banks. "I am pleased to mark VEON's return to the capital markets with the successful syndication of this new USD 210 million term loan from a group of leading international banks and investors. This new debt facil ...

Core Insights - VEON Ltd. has appointed Anand Ramachandran as Corporate Development Officer, effective May 1, 2025, to lead Mergers & Acquisitions and Investor Relations teams [1] - Anand Ramachandran has nearly three decades of experience in international financial markets and investor relations, previously serving as Chief of Staff at VEON and Vice President at Singapore Telecom [2][3] - The Group's CEO, Kaan Terzioglu, emphasized Anand's strategic expertise and leadership as crucial for executing VEON's strategic initiatives [3] Company Overview - VEON is a digital operator providing converged connectivity and digital services to nearly 160 million customers across six countries, representing over 7% of the world's population [5] - The company focuses on transforming lives through technology-driven services that empower individuals and drive economic growth [5]

Dubai and Kyiv, March 21, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, today signed a Memorandum of Understanding (“MoU”) with Airspan Networks Holdings LLC (“Airspan”), a U.S.-based provider of Open RAN solutions and network infrastructure. VEON and Airspan intend to collaborate in evaluating technical and commercial synergies for resilient network solutions in Ukraine, identifying joint business prospects in both public and private network sectors, and sharing expertise to drive innovation a ...

Core Viewpoint - VEON Ltd. has signed a Memorandum of Understanding with Airspan Networks to enhance Ukraine's communications infrastructure through innovative network solutions and collaboration [1][2]. Group 1: Collaboration Details - The partnership aims to evaluate technical and commercial synergies for resilient network solutions in Ukraine, focusing on both public and private sectors [2][3]. - The collaboration will explore the development, deployment, and testing of advanced wireless technologies, including Open RAN and Air-to-Land network solutions [3][4]. Group 2: Investment Commitment - VEON and its subsidiary Kyivstar have committed to investing USD 1 billion from 2023 to 2027 to rebuild Ukraine's digital infrastructure, which includes upgrading mobile networks with advanced capabilities [4][5]. - This investment will focus on maintaining connectivity through technologies such as Open RAN and direct-to-cell satellite connectivity [4][5]. Group 3: Expertise and Experience - Airspan Networks has significant expertise in building Open RAN networks, having constructed the largest geographical Open RAN network in the U.S. and the first nationwide 4/5G ORAN network in Japan [5][6]. - Kyivstar has recently launched a laboratory with Rakuten Symphony to test cloud-native RAN software, further enhancing its capabilities in network innovation [6]. Group 4: Company Backgrounds - VEON operates across six countries, providing digital services to nearly 160 million customers and is listed on NASDAQ [7]. - Airspan Networks is recognized as a leader in Open RAN, having shipped over 1 million radios globally to more than 1,000 customers [7].

Kyiv and Dubai, March 20, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, today provides additional selected financial information about Uklon group (“Uklon”) following its announcement on 19 March 2025 regarding the agreement signed between JSC Kyivstar (“Kyivstar”) and Uklon for Kyivstar to acquire 97% of the shares of Uklon, a leading Ukrainian ride-hailing and delivery platform. Uklon Key Financial and Operational Metrics, FY 2024 (preliminary, unaudited) Revenue (USD mln) 65 Revenue CAGR ...

Core Viewpoint - VEON Ltd. is initiating the second phase of its share buyback program, amounting to USD 35 million, as part of a larger USD 100 million program aimed at optimizing shareholder value and strengthening its financial position [1][2]. Group 1: Share Buyback Program - The second phase of the share buyback program follows the completion of the first phase, which was USD 30 million and concluded on January 27, 2025 [2]. - The total share buyback program was approved by VEON's Board of Directors on July 31, 2024, with a maximum amount of USD 100 million [2]. - The buybacks will be executed on the open market under a 10b5-1 plan and in compliance with Rule 10b-18, with decisions influenced by liquidity, market conditions, and legal requirements [3]. Group 2: Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, representing over 7% of the global population [4]. - The company focuses on technology-driven services that enhance individual empowerment and stimulate economic growth [4]. - VEON is listed on NASDAQ and is headquartered in Dubai [4].

Core Insights - VEON reported a strong financial performance for FY24, achieving an 8.3% year-on-year revenue growth and a 4.9% YoY growth in EBITDA, meeting expectations set in Q3 2024 [3][5] - The underlying revenue growth in local currency terms was 14.6% YoY, surpassing the average inflation rate of 9.3% in its operating countries, indicating effective pricing strategies [4] - Direct digital revenue saw significant growth, increasing by 63.0% YoY in reported currency, contributing to 11.5% of total revenues for the year [5][9] Financial Performance - Total revenue for FY24 reached USD 4,004 million, with EBITDA amounting to USD 1,691 million [9] - Capex increased by 26.9% YoY, with a capex intensity of 20.6%, although excluding Ukraine, it aligned with expectations of 18%-19% [6] - Cash and cash equivalents totaled USD 1,691 million, with net debt to EBITDA ratio improving to 1.34x from 1.52x [6] Quarterly Highlights - In Q4 2024, total revenue grew by 4.7% YoY to USD 998 million, with EBITDA increasing by 11.3% YoY to USD 408 million [10] - Direct digital revenue for Q4 2024 rose by 42.4% to USD 126 million, representing 12.6% of total revenues for the quarter [10] Future Outlook - For FY25, VEON anticipates underlying local currency revenue growth of 12%-14% and EBITDA growth of 13%-15% [11] - The company plans to initiate a second phase of its share buyback program, amounting to up to USD 35 million [11] Strategic Developments - 2024 was marked as a transformative year for VEON, with a significant increase in share price, strategic partnerships, and a shift of headquarters to Dubai [13][14] - The company aims to maintain its position in the digital revolution and continue executing its strategic priorities in 2025 [14]