Amsterdam and Tashkent, 9 October 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, is pleased to officially launch the digital entertainment platform KINOM in Uzbekistan. With a content offering of more than 130 channels of linear TV, as well as on-demand films and TV series, KINOM will be accessible for all mobile users in the country. Developed locally in Uzbekistan, KINOM is the latest addition to VEON's DO1440 offerings, which seeks to serve customers with digital ex ...

Overview of the Recent Transaction On September 30, 2024, Helikon Investments Ltd (Trades, Portfolio) made a notable addition to its investment portfolio by acquiring 90,845,580 shares of VEON Ltd (VEON, Financial), a prominent player in the telecommunication services industry. This transaction not only increased the firm's total holdings in VEON to 93,584,855 shares but also significantly impacted its portfolio, with a 72.01% trade impact at a trading price of $30.42 per share. This strategic move highligh ...

Amsterdam, 30 September 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator ("VEON" or the "Company"), announces that it has completed the sale of its 49% stake in Kazakh wholesale telecommunications infrastructure services provider, TNS Plus LLP ("TNS+"), to its JV partner, the DAR group of companies, following the receipt of necessary regulatory approvals. The sale was completed today for a total consideration to VEON (including deferred consideration) of USD 137.5 million. ...

Core Insights - VEON Ltd. has appointed two new senior executives, Anand Ramachandran as Chief of Staff to the Group CEO and Inanc Cakiroglu as Group Chief Information Officer, both based in Dubai [1][2][3] - The company is optimistic about growth and has set an ambitious vision for the next three years, focusing on digital services and consumer and enterprise offerings [2] Executive Appointments - Anand Ramachandran brings nearly three decades of experience in global financial markets and investor relations, previously serving as Vice President of Business Management at Singapore Telecom [2] - Inanc Cakiroglu has over 20 years of experience in technical leadership and business development, joining from mobileLive Canada where he was Director of AI, Analytics and Data [3] Strategic Vision - VEON aims to enhance visibility of its various business verticals to global investors and support growth in its markets [2] - The company's strategic plans and three-year ambitions are publicly available on its website [4] Company Overview - VEON provides digital services to nearly 160 million customers across six countries, representing over 7% of the world's population [4] - The company is headquartered in Amsterdam and is listed on NASDAQ and Euronext [4]

Core Viewpoint - VEON Ltd. is set to have its 2027 Notes included in the J.P. Morgan EM Corporate Indices, marking a significant milestone for the company and enhancing its attractiveness to international investors [1][2]. Company Overview - VEON is a global digital operator providing converged connectivity and digital services to nearly 160 million customers across six countries, representing over 7% of the world's population [4]. - The company is headquartered in Amsterdam and is listed on both Nasdaq and Euronext [4]. Industry Context - The J.P. Morgan CEMBI index, which VEON's 2027 Notes will be included in, tracks US-dollar denominated corporate bonds from emerging market companies, consisting of around 80 bonds from 60 issuers across 16 countries [3]. - The J.P. Morgan Asia Credit Index (JACI) serves as a benchmark for liquid, US-dollar denominated debt instruments from the Asia ex-Japan region [3].

Amsterdam, 13 September 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator that provides connectivity and online services, is delighted to announce that Omiyinka Doris, VEON's Group General Counsel, has been named by the Financial Times (FT) as one of the world's top 15 inhouse legal leaders in FT's annual list. The FT annual list of the world's top company lawyers highlights the achievements of senior in-house lawyers who have excelled at responding to changing demands and ...

Amsterdam, 12 September 2024 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces the vesting of a conditional incentive award (the "Conditional Award") to its Group Chief Executive Officer, Kaan Terzioglu. This Conditional Award was made under VEON's 2021 Long Term Incentive Plan ("LTIP"). Award Details and Vesting Conditions On 10 January 2024, Kaan Terzioglu was granted a Conditional Award under the LTIP, compr ...

Core Viewpoint - VEON Ltd. has released its unaudited interim condensed consolidated financial statements for the six-month period ended June 30, 2024, along with its interim report, following its 2Q24 trading update [1][2]. Company Overview - VEON is a global digital operator providing converged connectivity and digital services to nearly 160 million customers across six countries, representing over 7% of the world's population [3]. - The company is headquartered in Amsterdam and is listed on both Nasdaq and Euronext [3]. Financial Reporting - The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) based on internal management reporting and have not been externally audited [4]. - The interim report includes current risk factors to help investors understand the risks facing VEON and how the company manages those risks [2].

Core Points - VEON Ltd. announces the launch of We Live Here 2.0, a fundraising campaign aimed at supporting the demining of Ukrainian territory in collaboration with the Come Back Alive Foundation and the Ministry of Economy of Ukraine [1][2] - The campaign aims to raise UAH 100 million (approximately USD 2.4 million) to supply minesweepers with Ukrainian-made robotics, vehicles, and communication tools, with VEON's Kyivstar contributing UAH 30 million [2][3] - The first stage of the initiative raised over UAH 180 million (USD 4.8 million) to support 146 engineering and minesweeping groups [2][3] Company Initiatives - VEON and Kyivstar are committed to the recovery and rebuilding of Ukraine, with the second phase of the demining project building on the success of the initial campaign [3] - Kyivstar emphasizes the importance of demining for making liberated territories safe and accessible, and aims to enhance the efficiency and safety of minesweepers through innovative technologies [4][5] - The campaign encourages other Ukrainian businesses to participate and has established user-friendly payment systems for global donations [4] Operational Context - Approximately 150,000 km² of Ukrainian territory requires demining, and the initiative aims to provide minesweepers with essential equipment for safer operations [5] - Kyivstar is the largest telecommunications operator in Ukraine, with 24 million mobile subscribers and over 1.1 million home internet subscribers, maintaining network availability above 90% [6] - VEON operates across six countries, serving nearly 160 million customers and focusing on technology-driven services that promote economic growth [7]

Core Insights - VEON reported Q2 2024 revenue of USD 1,026 million, reflecting a 12.1% year-over-year increase in reported currency and a 15.1% increase in local currency [1][2] - EBITDA for Q2 2024 was USD 459 million, representing a 10.6% year-over-year increase in reported currency and a 13.9% increase in local currency [1][2] - Direct digital revenue reached USD 108 million, marking an 83.3% year-over-year increase in reported currency and 81.4% in local currency [1][2] - The company maintained its FY 2024 revenue growth guidance of 16-18% and EBITDA growth guidance of 18-20%, both in local currency [3][4] Financial Performance - Total service revenues for Q2 2024 were USD 987 million, up 11.3% year-over-year in reported currency and 14.5% in local currency [2] - Capex for Q2 2024 was USD 181 million, a 5.8% increase year-over-year, with a capex intensity of 18.0% over the last twelve months [1][2] - Total cash and cash equivalents as of June 30, 2024, were USD 722 million, with USD 375 million held at headquarters [2] Digital Services Growth - Direct digital revenues exceeded 10% of total revenues, growing 77% year-on-year [4] - Digital services are contributing to topline growth through various channels including interest income, advertising revenues, subscription services, platform commissions, and pay-per-view revenues [5] Strategic Outlook - The company expressed optimism about its growth trajectory, emphasizing enhanced customer engagement through superior digital experiences and advanced technologies like artificial intelligence [6]