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]

Kyiv and Dubai, March 19, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), today announces its wholly-owned subsidiary JSC Kyivstar (“Kyivstar”) has signed an agreement to acquire Uklon group (“Uklon”), a leading Ukrainian ride-hailing and delivery platform. This strategic acquisition marks Kyivstar’s expansion into a new area of digital consumer services in line with VEON’s digital operator strategy. Uklon operates in 27 cities across Ukraine and unites more than 100 thousand driver-par ...

  Kyivstar, Ukraine’s largest digital operator, serves 24 million customers with fixed and mobile communication services.Expected to be the only U.S.-listed pure play Ukrainian investment opportunity.Consumer digital service portfolio includes healthcare platform Helsi with more than 28 million registered patients and streaming platform Kyivstar TV with 2 million monthly active users, while enterprise services include cloud, cybersecurity and AI solutions, and the software development business Kyivstar Tec ...

Dubai and Dhaka, 17 March 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" or the "Group"), today announces that Johan Buse has been appointed as the Chief Executive Officer of Banglalink, VEON's digital operator in Bangladesh, effective 6th April 2025. Johan joins Banglalink from StarHub in Singapore where he led the Consumer Business Group focusing on strategy and business transformation. Prior to that, Johan has decades of experience in the telecom industry across Europe, Asia and the Mid ...

VEON to release 4Q 2024 trading update on 20 March 2025 Dubai, 12 March 2025 – VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms that the Group will release its selected financial and operating results for the fourth quarter and full year ended 31 December 2024, at or around 10:00 GST (2:00 EST) on 20 March 2025. VEON will also host a results conference call with senior management at 16:00 GST (8:00 EST) on the same day. 4Q24 results conference call To register and access the event, please ...

Core Insights - The article emphasizes the importance of consulting a registered financial advisor before making investment decisions, highlighting that the content is meant for discussion rather than financial advice [2][3] Group 1 - The article clarifies that past performance does not guarantee future results, indicating a need for caution in investment decisions [3] - It notes that the views expressed may not reflect the opinions of the platform as a whole, suggesting a diversity of perspectives among analysts [3] - The article states that the analysts are third-party authors, which may include both professional and individual investors who might not be licensed or certified [3]

Group 1: Company Achievements - VEON Ltd.'s subsidiary, Mobilink Microfinance Bank, won the 'CMO Marketing Campaign' Award at the GSMA Global Mobile (GLOMO) Awards for its Invisible Heirs campaign [1][3] - The Invisible Heirs campaign addresses gender-based financial inequality in Pakistan and includes an inheritance calculator in the Dost mobile app [2][3] - Mobilink Microfinance Bank has previously received recognition for the Invisible Heirs campaign, including the 'Digital Nations Video Creativity Award' at GSMA's M360 Asia-Pacific event in 2024 [3] Group 2: Leadership Statements - Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank, emphasized the campaign's role in driving societal change and empowering women financially [3] - Haaris Mahmood Chaudhary, President & CEO of Mobilink Microfinance Bank, highlighted the importance of equipping women to claim their inheritance as a step towards reshaping gender equality in Pakistan [3] Group 3: Industry Context - JazzCash, Pakistan's largest fintech, was shortlisted for the GLOMO Awards in the 'Best Fintech Innovation' category for its Tap Pay for Business feature [4] - VEON operates across six countries, providing digital services to nearly 160 million customers, and is committed to economic growth through technology [5]

Group 1 - VEON Ltd.'s subsidiary, Mobilink Microfinance Bank, won the 'CMO Marketing Campaign' Award at the GSMA Global Mobile Awards for its Invisible Heirs campaign, which addresses women's inheritance rights in Pakistan [1][3] - The Invisible Heirs campaign includes an inheritance calculator in the Dost mobile app, enabling women to calculate their rightful inheritance and features a video narrative that raises awareness about the challenges women face [2][3] - Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank, emphasized the campaign's role in driving societal change and empowering women financially, highlighting VEON's mission to create transformative digital services [3] Group 2 - Haaris Mahmood Chaudhary, President & CEO of Mobilink Microfinance Bank, described the award as a significant step towards enhancing women's financial independence and reshaping gender equality in Pakistan [3] - VEON has a history of success at the GLOMO Awards, with previous recognition for its initiatives, including Kyivstar's award for mobile innovation in humanitarian situations [3] - JazzCash, Pakistan's largest fintech, was also shortlisted for the GLOMO Awards in the 'Best Fintech Innovation' category for its Tap Pay for Business feature [4] Group 3 - VEON operates across six countries, serving nearly 160 million customers and is committed to transforming lives through technology-driven services [5] - Mobilink Microfinance Bank is recognized as Pakistan's leading digital microfinance institution, focusing on financial inclusion and digital transformation, and was awarded 'Best Microfinance Bank' at the Pakistan Banking Awards 2024 [6]

Core Insights - VEON Ltd. has entered into an agreement with Huawei to implement solar power solutions at 1,000 sites operated by Jazz in Pakistan, marking a significant step towards sustainable telecom infrastructure [1][2]. Group 1: Project Overview - The solarization project will utilize Huawei's iSolar technology and is expected to be completed in the coming months, significantly reducing energy costs by up to 96% at the sites where it is deployed [2]. - This initiative aligns with Jazz's commitment to achieving a net-zero carbon target by 2050, integrating sustainable energy solutions into its operations [2]. Group 2: Leadership Statements - Aamir Ibrahim, CEO of Jazz, emphasized the company's dedication to enhancing customer experience while reducing environmental impact, highlighting the importance of renewable energy in providing reliable connectivity [3]. - Phillip Gan, President of Huawei Middle East and Central Asia, expressed pride in the partnership with VEON and Jazz, noting that the iSolar project sets a new standard for green energy adoption in the telecom sector [3]. Group 3: Future Implications - The successful deployment of the iSolar project is anticipated to serve as a scalable model for future expansions, providing a replicable framework for integrating sustainability into the telecom industry [3][4]. - Both VEON and Huawei are committed to exploring innovative technologies that contribute to a low-carbon future, further embedding sustainability into their digital landscape [4].

Core Insights - VEON Ltd. has entered into an agreement with Huawei to deploy solar power technology across 1,000 sites in Pakistan through its digital operator Jazz [1][2] - The initiative aims to transition Jazz to a sustainable telecom network infrastructure, with an expected energy cost reduction of up to 96% at the sites where the technology is implemented [2] - This project aligns with Jazz's commitment to achieving a net-zero carbon target by 2050, showcasing a dedication to environmental sustainability [2][3] Group 1 - The solarization project will utilize Huawei's iSolar technology and is expected to be completed within the coming months [2] - Aamir Ibrahim, CEO of Jazz, emphasized the importance of providing reliable connectivity powered by renewable energy while reducing the environmental footprint [3] - Phillip Gan, President of Huawei Middle East and Central Asia, highlighted the partnership as a benchmark for green energy adoption in the telecom industry [3] Group 2 - The deployment of iSolar is anticipated to serve as a scalable model for future expansion, providing a replicable framework for other initiatives [3][4] - VEON and Huawei are committed to exploring innovative technologies that contribute to a low-carbon future [4] - The agreement was digitally signed during the Mobile World Congress 2025 in Barcelona, involving key executives from VEON, Jazz, and Huawei [9]