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VEON's Beeline Kazakhstan to Acquire Online Classifieds Business OLX Kazakhstan
Globenewswire· 2025-10-21 08:30
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].
SurgePays to Host Second Quarter 2025 Financial Results Conference Call on Wednesday, August 13
Prnewswire· 2025-08-05 12:30
Core Viewpoint - SurgePays, Inc. is set to release its second quarter 2025 financial results on August 13, 2025, followed by a conference call to discuss these results [1] Company Overview - SurgePays, Inc. operates as a wireless, fintech, and point-of-sale technology company, focusing on providing mobile connectivity and financial services to underserved communities [3] - The company functions as both a mobile virtual network operator (MVNO) and a mobile virtual network enabler (MVNE), managing its own wireless brand and offering back-end infrastructure to other wireless providers [3] - SurgePays has developed a proprietary point-of-sale platform utilized in thousands of retail locations across the nation, facilitating SIM activations, top-ups, and digital financial services [3] - The company is positioned for growth in both retail and wholesale wireless channels, indicating a scalable business model [3]
SurgePays CEO Brian Cox to Participate in Fireside Chat Hosted by Water Tower Research
Prnewswire· 2025-07-23 12:30
Core Viewpoint - SurgePays, Inc. is actively engaging with investors through a fireside chat hosted by Water Tower Research, focusing on its business model and market opportunities in the wireless and fintech sectors [1][2]. Company Overview - SurgePays, Inc. operates as a wireless, fintech, and point-of-sale technology company, targeting underserved communities with mobile connectivity and financial services [4]. - The company functions as both a mobile virtual network operator (MVNO) and a mobile virtual network enabler (MVNE), providing its own wireless brand and backend infrastructure to other providers [4]. Event Details - The fireside chat will take place on July 29, 2025, at 11:00 am Eastern Time, and is open to all investors [2]. - Topics to be discussed include SurgePays' addressable market, subscriber growth, profitability timeline, and outlook for 2025 and 2026 [7]. Leadership Background - John Roy, the host of the event, has extensive experience in technology stock analysis, having worked at UBS and Merrill Lynch, among others [3].
SurgePays to Present at the iAccess Alpha Virtual Best Ideas Summer Investment Conference on June 24-25
Prnewswire· 2025-06-11 13:00
Core Insights - SurgePays, Inc. is set to present at the iAccess Alpha Virtual Best Ideas Summer Investment Conference on June 24 and 25, 2025, with CEO Brian Cox leading the presentation [1][2] Company Overview - SurgePays, Inc. operates as a wireless, fintech, and point-of-sale technology company, focusing on providing mobile connectivity and financial services to underserved communities [3] - The company functions as both a mobile virtual network operator (MVNO) and a mobile virtual network enabler (MVNE), managing its own wireless brand and offering back-end infrastructure services to other wireless providers [3] - SurgePays has developed a proprietary point-of-sale platform utilized in thousands of retail locations across the nation, facilitating SIM activations, top-ups, and digital financial services [3] - The company is strategically positioned for growth in both retail and wholesale wireless channels, indicating a scalable business model [3]
SurgePays to Host First Quarter 2025 Financial Results Conference Call on Tuesday, May 13th
Prnewswire· 2025-05-06 14:30
Core Viewpoint - SurgePays, Inc. is set to release its first quarter 2025 financial results on May 13, 2025, followed by a conference call to discuss these results [1]. Group 1: Financial Results Announcement - The financial results for the first quarter of 2025 will be released after the close of trading on May 13, 2025 [1]. - A conference call will be held on the same day at 5:00 p.m. ET to discuss the financial results [1]. Group 2: Accessing the Conference Call - The live webcast of the conference call can be accessed via the Company's investor relations website or through a registration link [2]. - Telephone access is available for participants in the U.S. and internationally, with specific numbers provided [2]. Group 3: Company Overview - SurgePays, Inc. is a wireless and fintech company focused on providing mobile connectivity and financial services to underserved communities [4]. - The company operates as both a mobile virtual network operator (MVNO) and a mobile virtual network enabler (MVNE), offering its own wireless brand and back-end infrastructure to other providers [4]. - SurgePays has a proprietary point-of-sale platform used in thousands of retail locations across the nation, facilitating SIM activations, top-ups, and digital financial services [4].