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VEON Reinforces Alignment with Shareholder Value Creation
Globenewswire· 2026-03-27 17:31
Core Viewpoint - VEON Ltd. emphasizes strong alignment between management and shareholders through meaningful share ownership and disciplined capital allocation [1][5] Management Ownership - Members of VEON's management collectively hold 1.84% of the Company's total share capital in the form of American Depositary Shares (ADSs), indicating alignment with shareholder interests [2] - CEO Kaan Terzioglu holds slightly more than 1% of the Company's total share capital, surpassing the disclosure threshold for insider ownership [2] Capital Allocation - VEON is progressing with a previously announced USD 100 million buyback program for VEON ADSs and/or outstanding bonds, initiated on November 14, 2025 [3] - As of March 26, 2026, VEON has repurchased 745,420 ADSs for a total consideration of USD 39.0 million and USD 3 million of the 2027 Notes, totaling 2.89 million ADSs repurchased for an aggregate consideration of USD 139.0 million [3] - The Company has introduced a capital allocation policy targeting a return of at least USD 100 million to shareholders annually through share buybacks [4] Strategic Focus - VEON's strategy is centered on delivering long-term value for shareholders, with a focus on sustainable growth [5] - The Company serves over 150 million connectivity customers and more than 205 million quarterly digital users across five frontier markets, emphasizing its digital operator strategy [6] - VEON aims to generate value for shareholders while supporting the growth ambitions of its customers, markets, and partners through aligned incentives and disciplined capital returns [7] Company Overview - VEON is a digital operator providing connectivity and digital services to over 150 million connectivity customers and more than 205 million digital users, operating across five countries [8]
VEON Strengthens Leadership Team to Accelerate Digital Ambition
Globenewswire· 2026-03-17 13:04
Core Insights - VEON Ltd. announces a series of leadership appointments aimed at enhancing organizational capabilities and positioning for growth [2][7] Group 1: Leadership Appointments - Yevgeniy Nastradin appointed as Chief Executive Officer of Beeline Uzbekistan, bringing over a decade of leadership experience within VEON [3] - Andrey Pyatakhin continues as Chief Operating Officer of Beeline Uzbekistan, reporting to Nastradin [4] - Jabbor Kayumov appointed as Chief Executive Officer of Beeline Kazakhstan, with nearly two decades of international leadership experience [5] - Ahmet Kayhan joins as Chief Payments & Digital Assets Officer, focusing on financial services and digital asset capabilities [6] Group 2: Strategic Focus - The leadership changes reflect VEON's commitment to digital innovation and service expansion, which are key growth drivers [7] - All appointments are effective April 1, 2026, pending corporate and regulatory approvals [7] Group 3: Company Overview - VEON operates across five countries, serving nearly 150 million connectivity customers and about 135 million monthly active digital users [8] - The company aims to transform lives through technology-driven services that empower individuals and drive economic growth [8]
VEON Files its 2025 Annual Report on Form 20-F
Globenewswire· 2026-03-16 12:02
Core Viewpoint - VEON Ltd. has filed its Annual Report on Form 20-F for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission, following the completion of the audit by UHY LLP [1] Group 1: Financial Reporting - The 2025 20-F is available on the Company's website, and shareholders can request a hard copy of the report, including audited financial statements, free of charge [2] - The audit of VEON Ltd.'s financial statements was conducted according to Public Company Accounting Oversight Board standards [1] Group 2: Company Overview - VEON is a digital operator providing connectivity and digital services to over 150 million connectivity users and more than 205 million digital users [3] - The Company operates in five countries, which collectively account for over 6% of the world's population, focusing on technology-driven services that empower individuals and drive economic growth [3] - VEON is listed on NASDAQ [3]
VEON Partners with GSMA Innovation Fund to Accelerate Digital Innovation in Pakistan and Bangladesh
Globenewswire· 2026-03-04 07:00
Core Insights - VEON Ltd. has announced a partnership with the GSMA's Mobile for Development Foundation to co-fund digital innovation projects in Pakistan and Bangladesh, supported by the GSMA Innovation Fund [1][3]. Group 1: Partnership Details - The partnership was launched with a Memorandum of Understanding (MoU) signed during MWC26 Barcelona, involving key figures from GSMA and the CEOs of JazzWorld and Banglalink [2]. - JazzWorld and Banglalink will collaborate with the GSMA Innovation Fund to co-fund selected start-ups in Pakistan and Bangladesh, providing both financial and in-kind support [3][4]. Group 2: Company Contributions - VEON's operating companies, JazzWorld and Banglalink, aim to enhance the digital landscape in their respective countries by supporting entrepreneurs who drive positive social impact [4][5]. - JazzWorld has a strong track record in accelerating digital innovation in Pakistan, focusing on locally-relevant digital solutions that foster community growth [5]. - Banglalink is committed to making digital services accessible and aims to support Bangladeshi entrepreneurs during a critical period of growth [6]. Group 3: GSMA Innovation Fund - The GSMA Innovation Fund identifies and supports start-ups that create positive social, economic, and climate impacts through mobile technology in developing countries [7]. - Projects are selected through a transparent and competitive evaluation process, ensuring rigorous standards for funding [7]. Group 4: Company Profiles - VEON provides connectivity and digital services to nearly 150 million users across five countries, focusing on technology-driven services that empower individuals and drive economic growth [8]. - JazzWorld serves over 100 million users with a diverse portfolio, reflecting a strategic shift from connectivity to capability [9]. - Banglalink aims to transform lives through technology and is focused on becoming a future-ready service provider [10]. Group 5: GSMA Overview - The GSMA is a global organization that unifies the mobile ecosystem to foster innovation and societal change, representing mobile operators and organizations across the industry [11].
VEON Welcomes Expanded Kyivstar Free Float After the Successful Kyivstar Secondary Offering
Globenewswire· 2026-02-03 15:00
Core Viewpoint - VEON Ltd. announces the successful closing of a secondary public offering of 14,375,000 common shares of Kyivstar Group Ltd. at a price of USD 10.50 per share, which was over-subscribed by 5 times, indicating strong investor interest in the company [1][2]. Group 1: Offering Details - The offering closed on February 2, 2026, and included shares held by VEON Amsterdam B.V. and other selling shareholders [1]. - VEON received proceeds of USD 139.8 million from the offering, which will be used for general corporate purposes [2]. - The offering included the full exercise of the underwriters' option to purchase an additional 1,875,000 common shares [3]. Group 2: Company Background - Kyivstar is the only Ukrainian company listed on a U.S. stock exchange and provides a wide range of digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions [8]. - VEON aims to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure, technological development, and social projects [9]. Group 3: Leadership Statements - Kaan Terzioglu, VEON Group CEO, emphasized the importance of the offering in expanding Kyivstar's investor base and making Ukraine's growth potential accessible to international investors [2]. - Oleksandr Komarov, Kyivstar Group President, expressed gratitude to international investors and highlighted the demand for well-managed Ukrainian companies [2].
Kyivstar Announces Pricing of Secondary Offering of Common Shares Held by VEON
Globenewswire· 2026-01-30 01:50
Core Viewpoint - VEON Ltd. announced the pricing of a public offering of 12,100,000 common shares held by VEON Amsterdam B.V. and 400,000 common shares from other selling shareholders at a price of USD 10.50 per share, with an additional option for underwriters to purchase up to 1,875,000 shares [1][2] Group 1: Offering Details - The public offering is set to close on February 2, 2026, pending customary closing conditions [2] - The offering is being managed by Morgan Stanley, Barclays, Cantor, and Rothschild & Co as joint book-running managers, with Benchmark, StoneX Company, and Northland Capital Markets as co-managers [2] Group 2: Company Background - VEON is a digital operator providing connectivity and digital services to nearly 150 million connectivity users and over 140 million digital users across five countries [5] - Kyivstar Group Ltd. operates as Ukraine's leading digital operator, offering a range of services including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions [6] Group 3: Investment Plans - Together with VEON, Kyivstar plans to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on social investments in infrastructure, technological development, charitable donations, and strategic acquisitions [7]
VEON Notes Kyivstar Group Publication of Selected Full Year 2025 Financial Information
Globenewswire· 2026-01-28 13:05
Core Viewpoint - VEON Ltd. anticipates positive financial performance for 2025, driven by Kyivstar Group's preliminary estimates and strong execution across its operating companies [2]. Group 1: Financial Estimates - Kyivstar Group estimates revenue growth for the year ended December 31, 2025, will range between 24% and 26% year-on-year compared to 2024 [6]. - Adjusted EBITDA growth is also expected to fall within the same range of 24% to 26% year-on-year [6]. - Capex Intensity for the year is projected to be between 29% and 31% [6]. Group 2: Investment Plans - Together with VEON, Kyivstar plans to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure, technological development, charitable donations, and strategic acquisitions [4]. Group 3: Company Overview - Kyivstar Group Ltd. is a leading digital operator in Ukraine, providing a wide range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions [3]. - VEON serves nearly 150 million connectivity users and over 140 million digital users across five countries, emphasizing technology-driven services that promote economic growth [4].
VEON Wins Corporate Governance Awards for Kyivstar Listing and Technology Leadership in Corporate Governance
Globenewswire· 2025-11-12 09:30
Core Insights - VEON Ltd. has received two prestigious awards at the IR Magazine Corporate Governance Awards 2025, recognizing its governance excellence and innovative use of technology in corporate governance [1][5] Group 1: Awards and Recognition - The "Best Governance Around a Corporate Transaction" award acknowledges VEON's exemplary governance during the successful listing of Kyivstar Group Ltd. on Nasdaq in August 2025 [5] - The "Best Use of Technology" award highlights VEON's innovative integration of augmented intelligence and digital tools in enhancing its governance framework [5] Group 2: Leadership and Commitment - Kaan Terzioglu, VEON Group CEO, expressed pride in the recognition of VEON's commitment to governance excellence, attributing it to the teams involved in the Kyivstar listing and the Board of Directors' oversight [2] - The recognition validates the extensive efforts in structuring the Kyivstar listing to uphold robust governance principles and protect investor interests, marking a historic achievement as Kyivstar became the first Ukrainian company to list on a U.S. stock exchange [3] Group 3: Company Overview - VEON is a digital operator providing connectivity and digital services to nearly 160 million customers across five countries, contributing to economic growth through technology-driven services [4]
VEON Completes Reorganization Ahead of Kyivstar’s Planned Nasdaq Listing
Globenewswire· 2025-04-08 06:00
Group 1 - VEON Ltd. has completed the reorganization of VEON Holdings B.V. and finalized its consent solicitation process, facilitating a business combination with Cohen Circle Acquisition Corp. I, leading to Kyivstar Group Ltd. listing on Nasdaq under the ticker symbol KYIV [1][2] - The reorganization involved a legal demerger in the Netherlands, focusing VEON Holdings B.V. solely on Kyivstar and related assets, while other core businesses were transferred to newly formed Dutch entities [2] - VEON secured approval from 95.83% of its 2027 bondholders to transfer the issuer from VEON Holdings B.V. to VEON MidCo B.V., with unanimous support at a meeting held on January 30, 2025 [3] Group 2 - VEON operates across six countries, providing connectivity and digital services to nearly 160 million customers, contributing to economic growth through technology-driven services [4] - Kyivstar, as Ukraine's largest digital operator, serves over 23 million mobile subscribers and 1.1 million Home Internet fixed line customers, and has committed to invest USD 1 billion into the Ukrainian economy from 2023 to 2027 [5] - Kyivstar has allocated over UAH 2 billion in the past two years to support Ukraine during wartime, including assistance for the Armed Forces and social projects [5]