Converged connectivity and digital services

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VEON to Release 2Q25 Earnings Update on August 7, 2025
Globenewswire· 2025-07-23 08:26
Core Viewpoint - VEON Ltd. will release its financial and operational results for the second quarter and half-year ended June 30, 2025, on August 7, 2025, at 8:00 GST (0:00 EST) [2] Group 1: Earnings Release Details - The earnings update will be followed by a conference call with senior management at 16:00 GST (8:00 EST) on the same day [2] - A registration link for the conference call is provided for participants to access the event [3] Group 2: Q&A Participation - Participants can engage in a Q&A session by selecting the 'Yes' option during registration, allowing them to join the Q&A room [5] - A platform for submitting and upvoting questions will be available starting July 31, 2025, at 8:00 EST, and will remain open until 24 hours before the conference call [8] Group 3: Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, contributing to over 7% of the world's population [10] - The company focuses on technology-driven services that empower individuals and stimulate economic growth [10]
VEON and Cohen Circle Secure Investor Commitments for Kyivstar Listing
Globenewswire· 2025-07-10 20:15
Core Viewpoint - VEON Ltd. and Cohen Circle Acquisition Corp. I have executed non-redemption agreements totaling approximately USD 52.3 million, securing the minimum cash condition for the proposed business combination with Kyivstar Group, which is expected to be listed on Nasdaq under the ticker symbol "KYIV" [1][2]. Group 1: Business Combination Details - The closing of the business combination is anticipated in the third quarter of 2025, pending shareholder approval and customary closing conditions [2]. - The business combination will mark Kyivstar Group as the first pure-play Ukrainian company to be publicly listed on a U.S. stock exchange [2]. - Cohen Circle's units, Class A ordinary shares, and warrants are listed on Nasdaq under the ticker symbols "CCIRU," "CCIR," and "CCIRW" respectively [2]. Group 2: Kyivstar Group Overview - Kyivstar Group is Ukraine's leading digital operator, serving over 23 million mobile customers and more than 1.1 million home internet fixed line customers as of December 31, 2024 [3]. - The company provides a wide range of services, including 4G, big data, cloud solutions, cybersecurity, and digital TV [3]. - VEON and Kyivstar Group plan to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure, technological development, and charitable donations [3]. Group 3: VEON Overview - VEON operates as a digital operator providing converged connectivity and digital services to nearly 160 million customers across six countries [4]. - The company aims to transform lives through technology-driven services that empower individuals and stimulate economic growth [4]. Group 4: Cohen Circle Overview - Cohen Circle Acquisition Corp. I is a special purpose acquisition company formed to effect a merger or similar business combination with technology and/or financial services businesses [5]. - The company’s units, Class A ordinary shares, and warrants are also listed on Nasdaq under the symbols "CCIRU," "CCIR," and "CCIRW" respectively [5].
VEON 1Q25 Earnings Release: Strong Start to 2025, Digital Revenues Surge 50%, Driving Growth
GlobeNewswire News Room· 2025-05-15 04:04
Core Insights - VEON reported a total revenue growth of 8.9% year-on-year to USD 1,026 million for Q1 2025, with underlying local currency growth at 12.9% [2][9] - EBITDA increased by 13.7% year-on-year to USD 439 million, with a 10.4% increase in underlying local currency terms [4][9] - Direct digital revenue grew significantly by 50.2% year-on-year to USD 147 million, representing 14.3% of total revenues for the quarter [4][9] Financial Performance - The company achieved a year-on-year revenue growth of 8.9% in reported currency and 12.9% in local currency, adjusted for the impact of a cyberattack in Ukraine and the deconsolidation of TNS+ in Kazakhstan [2][3] - EBITDA for the quarter was USD 439 million, reflecting a 13.7% increase in reported currency and a 10.4% increase in underlying local currency terms [4][9] - Total cash and cash equivalents as of March 31, 2025, amounted to USD 1,775 million, with net debt to LTM EBITDA declining to 1.23x [5][9] Capital Expenditure and Outlook - Capex increased by 8.3% year-on-year, with a capex intensity of 13.1% [5] - The company maintains its FY25 outlook, expecting underlying local currency revenue growth of 12% to 14% and EBITDA growth of 13% to 15% [6] Share Buyback Program - VEON commenced the second phase of its share buyback program in March 2025, amounting to up to USD 35 million, following the completion of the first phase [7] Strategic Focus - The company emphasizes disciplined execution and innovation, aiming to enhance customer experiences through technology-driven services [10][11]
VEON to release 1Q 2025 trading update on May 15, 2025
Globenewswire· 2025-05-02 10:36
Core Viewpoint - VEON Ltd. will release its financial and operational results for Q1 2025 on May 15, 2025, at 8:00 GST (0:00 EST) [2] Group 1: Financial Results Announcement - The trading update will cover selected financial and operating results for the first quarter ended March 31, 2025 [2] - A conference call with senior management will take place on the same day at 16:00 GST (8:00 EST) [2] Group 2: Conference Call Participation - Registration for the results conference call can be done through a provided link, and confirmation will be sent via email [3] - Participants can choose to join via webcast or dial-in for the conference call [4] Group 3: Q&A Session - Shareholders can submit and upvote questions for management through a Q&A platform starting May 8, 2025 [8] - The Q&A platform will remain open until 24 hours before the conference call [8] - Questions can also be submitted to VEON Investor Relations via email prior to the event [8] Group 4: Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, impacting over 7% of the world's population [10] - The company focuses on technology-driven services that empower individuals and drive economic growth [10]
VEON Announces 2025 AGM and Board Nominees
Newsfilter· 2025-03-31 17:00
Core Points - VEON Ltd. has scheduled its 2025 Annual General Meeting of Shareholders for May 8, 2025, with a record date set for March 31, 2025 [1] - The Board has recommended the re-election of seven current Board members, including five nominees from shareholders holding over 5% of the issued share capital [2] - The AGM agenda includes the re-appointment of UHY LLP as the external auditor for the financial year ending December 31, 2025, and the presentation of the audited financial statements for the year ended December 31, 2024 [3] Company Overview - VEON is a digital operator providing connectivity and digital services to nearly 160 million customers across six countries, representing over 7% of the world's population [5]
VEON Discloses Selected Key Financial Metrics About Uklon
Globenewswire· 2025-03-20 17:45
Core Insights - VEON Ltd. announced the acquisition of 97% of Uklon, a leading Ukrainian ride-hailing and delivery platform, by JSC Kyivstar [1][2] - Uklon reported a revenue of USD 65 million for FY 2024, with a compound annual growth rate (CAGR) of 30% from FY 2021 to FY 2024 [2] - The business combination agreement between VEON and Cohen Circle Acquisition Corp. I aims to list Kyivstar on the Nasdaq Stock Market under the ticker symbol KYIV, expected to close in Q3 2025 [3] Company Overview - VEON is a global digital operator serving nearly 160 million customers across six countries, focusing on technology-driven services [5] - Kyivstar, Ukraine's largest digital operator, serves over 23 million mobile subscribers and has committed to invest USD 1 billion in telecom technologies from 2023 to 2027 [5] - Uklon, founded 15 years ago, is the largest ride-hailing player in Ukraine, with over 100,000 drivers and operations in 27 cities [6] Financial Metrics - Uklon achieved over 100 million rides and over 3 million deliveries in 2024 [2] - The company has a team of over 700 experts, including 250 software engineers, enhancing its technology platform [6]