Core Viewpoint - VEON Ltd. is set to release its third quarter and nine-month financial results for 2025 on November 10, 2025, at 9:00 GST (0:00 EST) [2] Financial Results Announcement - The earnings update will cover consolidated financial and operating results for the period ending September 30, 2025 [2] - A conference call with senior management will take place on the same day at 16:00 GST (7:00 EST) [2] Conference Call Details - Registration for the results conference call can be done via a provided link, and participants will receive a confirmation email with access details [3] - The conference call will also be available via a livestream on YouTube, allowing real-time participation without registration [5] Q&A Session - Shareholders can submit and upvote questions for management through a platform starting October 31, 2025, until the Friday before the conference call [8] - The Q&A session will allow for direct engagement with VEON management, enhancing shareholder interaction [7] Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, contributing to over 7% of the global population [10] - The company focuses on technology-driven services that empower individuals and stimulate economic growth [10]

Core Insights - VEON Ltd. has agreed to acquire 100% of OLX Kazakhstan for a total consideration of USD 75 million, enhancing its digital services portfolio in Kazakhstan [1][4]. Company Overview - Beeline Kazakhstan, a subsidiary of VEON, serves 11 million customers with mobile connectivity and 2 million with fixed internet services, and has been executing a digital operator strategy since 2018 [5]. - OLX Kazakhstan is a leading online classifieds platform in Kazakhstan, with approximately 10 million monthly active users and 3.6 million listings as of June 30, 2025, reaching over 52% of the country's active internet users [2]. Strategic Implications - The acquisition is expected to create synergies by integrating OLX KZ into Beeline Kazakhstan's digital services ecosystem, allowing for a more comprehensive set of offerings to customers [3]. - The CEO of OLX Group expressed confidence that Beeline Kazakhstan will drive the next phase of growth for OLX KZ, aligning with OLX Group's strategy to focus on core categories and key markets [4]. Market Position - OLX KZ is recognized as a trusted marketplace in Kazakhstan, serving millions daily, which positions Beeline Kazakhstan to enhance its market leadership through this acquisition [4]. - VEON operates across five countries, providing connectivity and digital services to nearly 160 million customers, indicating a strong regional presence and potential for growth through strategic acquisitions [6].

Core Viewpoint - VEON Ltd. has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - Changes in a company's future earnings potential, reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [3]. - Institutional investors utilize earnings estimates to calculate the fair value of a company's shares, leading to buying or selling actions that affect stock prices [3]. VEON's Earnings Outlook - The recent rating upgrade for VEON indicates an improvement in the company's underlying business, which is expected to positively influence its stock price [4]. - Analysts have raised their earnings estimates for VEON, with the Zacks Consensus Estimate increasing by 112% over the past three months [7]. Zacks Rank System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - The upgrade of VEON to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for near-term price increases [9].

Group 1: Smithfield Foods, Inc. - Smithfield Foods, Inc. is a pork producer and food-processing company with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for its current year earnings has increased by 3% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 9.97, compared to the industry average of 10.80, and possesses a Value Score of A [1] Group 2: VEON - VEON is engaged in telecommunication and digital services and also carries a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its next year earnings has increased by 15.2% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 5.21, significantly lower than the industry average of 17.60, and possesses a Value Score of A [2] Group 3: 1st Source - 1st Source is a bank holding company offering a broad range of commercial banking, personal banking, and trust services, with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 4.2% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 10.07, compared to the industry average of 11, and possesses a Value Score of B [3]

Core Insights - VEON Ltd. inaugurated the JazzCash Experience Lounge in Islamabad, Pakistan, aimed at promoting digital financial services [1][3] - JazzCash, with 53 million customers, is the leading digital financial services provider in Pakistan, processing transactions equivalent to approximately 9% of the country's GDP in 2024 [2][5] - The Experience Lounge serves as a demonstration hub for digital payment systems, showcasing various technologies and payment methods to enhance financial inclusion [4][5] Company Overview - VEON operates across five countries, serving over 150 million connectivity customers and approximately 120 million monthly active digital users [7] - JazzCash operates under a Branchless Banking charter, offering a wide range of financial services including payments, lending, and insurance [8] Industry Impact - JazzCash's extensive network includes nearly 600,000 merchants and 300,000 agents, facilitating financial access and supporting small-scale commerce [2][4] - The platform disburses over 140,000 digital loans daily to micro-entrepreneurs, contributing to inclusive economic growth [2] - VEON's digital financial services platforms processed approximately US$43.6 billion in total transaction value over the last twelve months, highlighting their economic impact in frontier markets [5]

Core Insights - Nabeel Bukhari combines legal expertise in company and corporate law with self-taught financial analysis skills, providing a unique perspective on business dynamics [1] - His work has been published on respected platforms such as InvestorPlace and GuruFocus, and featured in notable publications like Forbes, Yahoo Finance, and MSN [1] Summary by Categories Professional Background - Nabeel Bukhari is a law graduate specializing in company and corporate law [1] - He has developed self-taught expertise in financial analysis, enhancing his value in the financial sector [1] Contributions and Publications - Bukhari's insights have been published by respected financial platforms, indicating his credibility and influence in the industry [1] - His work has also been featured in well-known publications, further establishing his reputation as a knowledgeable analyst [1]

Core Viewpoint - The article indicates that a breaking news story is forthcoming, suggesting significant developments that may impact the industry or company involved [1] Group 1 - The article is currently lacking detailed information and will provide full coverage soon [1]

Core Insights - Nabeel Bukhari combines legal expertise in company and corporate law with self-taught financial analysis skills, providing a unique perspective on business dynamics [1] - His work has been published on respected platforms such as InvestorPlace and GuruFocus, and featured in notable publications like Forbes, Yahoo Finance, and MSN [1] Company and Industry Analysis - Bukhari's integration of legal knowledge with financial insights positions him as a valuable asset in the financial realm, enhancing the understanding of business operations [1] - The collaboration with another Seeking Alpha author, Saba Sadiq, indicates a network of professionals contributing to financial analysis [1]

Industry Overview - The Zacks Diversified Communication Services industry is facing challenges such as high capital expenditures for 5G infrastructure, unpredictable raw material prices, supply-chain disruptions due to geopolitical tensions, and high customer inventory levels [1] - The industry is expected to benefit from accelerated 5G rollout and increased fiber densification in the long run [1] Current Market Conditions - Companies like Telenor ASA, Telecom Italia S.p.A., and VEON Ltd. are likely to benefit from increased demand for scalable infrastructure due to the proliferation of IoT and the transition to cloud networks [2] - Demand for traditional telephony services is declining as customers switch to lower-priced alternatives and migrate to IP-based services, exacerbated by ongoing geopolitical tensions [4] Strategic Focus - Companies are focusing on providing customized support services to small and mid-sized businesses (SMBs) to improve profitability and adapt to technology advancements [5] - The industry is also offering free services to low-income families and enhancing wireless connectivity to address operating risks [5] Supply Chain and Cost Challenges - The industry continues to face a shortage of chips and high raw material prices due to inflation and economic sanctions, impacting production costs and schedules [6] - Extended lead times for basic components are likely to further escalate production costs and affect profitability [6] Profitability Outlook - The growth of video and bandwidth-intensive applications has led to significant investments in LTE, broadband, and fiber, although these investments have compromised short-term profitability [7] - The industry is transforming from traditional telecommunications firms to technology-driven companies to meet growing demand [7] Industry Performance - The Zacks Diversified Communication Services industry ranks 184, placing it in the bottom 25% of over 250 Zacks industries, indicating bearish near-term prospects [8][9] - The industry has underperformed compared to the S&P 500 and the broader Zacks Utilities sector, with a meager growth of 0.7% over the past year compared to 21.1% and 6.3% respectively [10] Valuation Metrics - The industry is currently trading at a trailing 12-month EV/EBITDA of 11.93X, below the S&P 500's 17.79X and the sector's 14.98X [13] Company Highlights - **Telenor ASA**: Recently completed a $15 billion merger with Axiata Group, with a current-year earnings estimate revised upward by 14.1% to $0.89 per share, and a stock gain of 34.2% in the past year [16] - **Telecom Italia**: Achieved a 101% stock gain in the past year, with current-year earnings estimate revised upward by 188.9% to $0.08 per share [17] - **VEON Ltd.**: Stock gained 112.6% in the past year, with current-year earnings estimate revised upward by 112% since June 2025 [21]

Core Viewpoint - VEON Ltd. and its subsidiary Kyivstar have successfully listed Kyivstar on the Nasdaq, marking a significant milestone for Ukrainian businesses and highlighting investment opportunities in Ukraine's reconstruction [1][2][3] Company Overview - Kyivstar is Ukraine's leading digital operator, serving nearly 22.4 million mobile customers and over 1.1 million home internet fixed line customers as of June 30, 2025 [7] - The company provides a wide range of services, including 4G, big data, cloud solutions, cybersecurity, and digital TV [7] - VEON and Kyivstar plan to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure, technological development, charitable donations, and strategic acquisitions [7] Industry Engagement - The opening bell ceremony was attended by key Ukrainian officials and marked Kyivstar's historic listing as the first Ukrainian company on a U.S. stock exchange [2][3] - Prior to the ceremony, VEON and Kyivstar hosted an investor meeting with over 160 participants and the "Invest in Ukraine, NOW!" U.S.-Ukraine Business Symposium, discussing investment opportunities in Ukraine [4] Strategic Importance - The listing is seen as a demonstration of Ukraine's resilience and growth potential, aiming to attract global investors [3][4] - VEON's leadership emphasized the importance of Kyivstar's listing as a way to showcase Ukraine's commitment to growth and to create value for stakeholders [3]