Core Points - VEON Ltd. has transferred its American Depositary Shares (ADSs) listing to the Nasdaq Global Select Market, which is Nasdaq's highest listing tier, indicating the company's improved financial profile and capital markets presence [1][2] - The transfer to the Nasdaq Global Select Market, along with VEON's recent inclusion in the S&P Global Broad Market Index and the MSCI Ukraine Index, enhances the visibility and accessibility of VEON shares to global institutional investors [3][4] - The CEO of VEON emphasized that the listing on the Nasdaq Global Select Market reflects the company's growing scale and financial discipline, and aims to deepen investor understanding of its digital operator model [4] Company Overview - VEON is a digital operator providing converged connectivity and digital services to nearly 150 million connectivity users and over 140 million digital users across five countries, impacting more than 6% of the world's population [5]

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]

Financial Performance - VEON reported a revenue growth of 5.9% year-on-year to USD 1,087 million in the second quarter of 2025, with local currency growth at 11.2% YoY, surpassing the average inflation rate of 8.6% in its operating countries [2][9] - Direct digital revenues increased by 56.6% YoY in reported currency and 62.4% YoY in local currency, accounting for 16.5% of total revenues, up from 5.4% a year ago [3][9] - EBITDA reached USD 520 million, reflecting a 13.2% YoY increase in reported currency and a 19.6% increase in local currency terms [3][9] Capital Expenditure and Financial Position - Capital expenditures (Capex) for 2Q25 were USD 231 million, resulting in a capex intensity of 21.3% for the quarter [4] - Total cash and cash equivalents as of June 30, 2025, amounted to USD 1,283 million, with net debt to EBITDA at 1.32x [4][9] Outlook - The company revised its 2025 outlook, expecting local currency revenue growth of 13% to 15% and local currency EBITDA growth of 14% to 16% [5][10] - Capex intensity for 2025 is anticipated to remain within the range of 17% to 19% [5][10] Strategic Initiatives - VEON completed the third phase of its share buyback program, acquiring 722,588 ADSs for a total of USD 35 million, completing a previously announced USD 100 million buyback program [6] - The acquisition of Uklon in April 2025 marks a strategic milestone in expanding VEON's digital services footprint [8]

Core Insights - VEON Ltd. has partnered with GSMA Advance to become the inaugural member of the People Excellence Partner program, emphasizing its commitment to employee upskilling and knowledge advancement [1][2] - The partnership will provide VEON employees access to a variety of learning courses, enabling them to achieve certifications in critical areas such as 5G, IoT, mobile privacy, and regulatory best practices [3][4] - This initiative aligns with VEON's strategic move to Dubai, aiming to leverage the local talent pool and enhance its workforce capabilities in high-tech disciplines [4] Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, representing over 7% of the global population, and focuses on technology-driven services that promote economic growth [5] - The company is listed on Nasdaq and is dedicated to transforming lives through its digital services [5] GSMA Overview - GSMA represents the interests of mobile operators globally, uniting over 750 operators and nearly 400 companies in the mobile ecosystem [5] - The organization is known for hosting major industry events, including the Mobile World Congress (MWC) and the Mobile 360 Series [5]