VEON .(VEON)
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VEON's Jazz Secures Pakistan's Largest Long-Term Private Sector Syndicated Credit Facility of up to PKR 75 billion
Newsfilter· 2024-07-22 18:15
Attachment 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 7% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. Headquartered in Amsterdam, VEON is listed on Nasdaq and Euronext. For more information visit: https://www.veon.com. About Jazz Jazz is Pakistan's leading digital operator with over ...
VEON's Kyivstar Extends Energy Resilience of Network
Newsfilter· 2024-07-17 07:00
Kyivstar addresses power blackouts with industrial-grade generator fleet From the outset of the war, resilience has been a major focus of Kyivstar's strategy to maintain crucial communication services and safeguard digital operations. Kyivstar has deployed 2,322 generators and 115,000 four-hour duration batteries at base stations to provide backup power during blackouts. Today's announcement that Kyivstar plans to deploy an additional 848 stationary industrial generators and 61,766 new batteries is a furthe ...
VEON Granted Extension by Nasdaq for 20-F Filing
Newsfilter· 2024-07-09 15:30
Amsterdam, 9 July 2024 – VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, ("VEON" or the "Company"), confirms that Nasdaq has accepted the Company's plan submitted May 29, 2024 to regain compliance in connection with the delayed filing of its Annual Report on Form 20-F for the year ended December 31, 2023 ("2023 20-F"). Nasdaq has granted the Company an exception, enabling it to regain compliance with the listing rules by filin ...
VEON Granted Extension by Nasdaq for 20-F Filing
GlobeNewswire News Room· 2024-07-09 15:30
VEON had previously reported that it would be delayed in its filing of its 2023 20-F due to extraordinary circumstances related to the war in Ukraine and the sale of its Russian operations which impacted its ability to appoint an independent Public Company Accounting Oversight Board ("PCAOB") registered audit firm; and announced that it had received notice from Nasdaq that it was not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). Since that time ...
VEON Discloses its 1Q24 Unaudited Interim Condensed Consolidated Financial Statements
Newsfilter· 2024-06-26 15:09
Amsterdam, 26 June 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, following the release of its 1Q24 trading update on 16 May 2024, today discloses unaudited interim condensed consolidated financial statements as of and for the three-month period ended 31 March 2024 (the "Financial Statements"). The Financial Statements are available on the VEON Group website at https://www.veon.com/investors/ VEON's financial stat ...
VEON Discloses its 1Q24 Unaudited Interim Condensed Consolidated Financial Statements
GlobeNewswire News Room· 2024-06-26 15:09
Amsterdam, 26 June 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, following the release of its 1Q24 trading update on 16 May 2024, today discloses unaudited interim condensed consolidated financial statements as of and for the three-month period ended 31 March 2024 (the "Financial Statements"). The Financial Statements are available on the VEON Group website at https://www.veon.com/investors/ VEON's financial stat ...
VEON and Kyivstar increase Ukraine investment commitment to USD 1 billion, attend Ukraine Recovery Conference in Berlin
GlobeNewswire News Room· 2024-06-10 09:00
Berlin and Kyiv, 10 June 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that VEON, through its 100%-owned subsidiary Kyivstar, plans to increase its commitment to rebuild Ukraine's digital infrastructure to USD 1 billion over the five-year period from 2023 through 2027. This is an increase from the previously announced USD 600 million investment commitment for the three-year period between. The commitmen ...
VEON and Kyivstar increase Ukraine investment commitment to USD 1 billion, attend Ukraine Recovery Conference in Berlin
Newsfilter· 2024-06-10 09:00
Core Insights - VEON, through its subsidiary Kyivstar, plans to increase its investment in rebuilding Ukraine's digital infrastructure to USD 1 billion over five years from 2023 to 2027, up from a previous commitment of USD 600 million over three years [2] - The investment will focus on network and digital services, including potential acquisitions, new asset development, social contributions, and partnerships [2][4] - Kyivstar has been recognized as Ukraine's largest foreign investor in 2022 and 2023, with a capital expenditure of UAH 12.3 billion (approximately USD 350 million) over these two years [4] Investment and Infrastructure Development - Since February 24, 2022, Kyivstar has built 1,895 new LTE base stations and upgraded about 13,200 existing base stations to 4G, achieving 95% 4G coverage in territories controlled by Ukraine [5] - The operator aims for near-universal (98%) 4G coverage within the next two years and is expanding its high-speed GPON network to seven new cities in 2024 [5] - Kyivstar has invested UAH 1 billion (approximately USD 27.4 million) in energy resilience, installing over 2,300 generators and 113,000 batteries to maintain network operations during power infrastructure attacks [5] Digital Services and Community Support - Kyivstar invested in Helsi, Ukraine's leading digital healthcare platform, which has 2.5 million monthly active users and serves nearly 1,600 medical institutions [5] - The company supports local businesses through integration with Amazon Web Services and Microsoft Azure, and its Real-Time Kinematic technology is utilized in various professional applications [5] - Total customer support and CSR initiatives since February 2022 have amounted to USD 50 million, including significant contributions to Ukraine's demining efforts [5] Company Overview - VEON is a global digital operator providing services to nearly 160 million customers across six countries, with a focus on technology-driven services that promote economic growth [1] - Kyivstar, as the largest telecommunications operator in Ukraine, has maintained network availability above 90% over the past two years, supporting both its customers and the broader population [6]
VEON to Hold Capital Markets Day 2024, Sharing Mid-Term Ambition to Accelerate Local Currency Topline Growth to 16%-19% CAGR
Newsfilter· 2024-06-06 05:00
Dubai and Amsterdam, 6 June 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services ("VEON" or, together with its subsidiaries, the "Group"), today holds its Capital Markets Day ("CMD 2024"), sharing its medium-term financial and operational ambitions, as well as its growth strategy through 2027. Going forward, the Group aims to upstream dividends from all operating companies without restrictions, including from Ukraine, fo ...
VEON Announces Its New Board, Names Founder Augie Fabela as Chairman
Newsfilter· 2024-05-31 14:00
Holders of approximately 97.9% of the VEON Ltd. shares were represented at the AGM. Shareholders ratified the appointment of PricewaterhouseCoopers Accountants N.V. for the audit of the Company's consolidated financial statements for the year ended December 31, 2023 in accordance with International Standards on Auditing. It was noted in the meeting that the Company had appointed UHY LLP for the audit of its 2023 consolidated financial statements in accordance with standards established by the Public Company ...