Fact-checked by Grok 2 weeks ago

Veon (company)


VEON Ltd. is a multinational operator headquartered in , , that provides converged connectivity and services primarily in emerging markets across and .
Formerly known as VimpelCom Ltd., the company focuses on mobile telecommunications, internet services, and platforms through subsidiaries including in , in , in , and Beeline in and , serving nearly 160 million customers in regions with populations exceeding 500 million.
Listed on , VEON reported trailing twelve-month revenues of $4.15 billion as of June 2025, driven by growth in services, with direct revenues increasing 57% year-over-year in the second quarter.
Key achievements include the listing of subsidiary in 2024 as the first Ukrainian company on a U.S. exchange and strategic acquisitions like Beeline Kazakhstan's purchase of Kazakhstan to expand offerings.
The company has faced past regulatory scrutiny, including a 2016 settlement of over $795 million for violations related to bribery in , though it has since restructured to emphasize and in its core markets.

Overview

Founding and corporate evolution

VEON traces its origins to , founded on October 16, 1992, in , Russia, by American businessman Augie K. Fabela II and Russian physicist Dmitry Zimin as one of the country's earliest cellular operators. The company initially focused on providing services in a nascent market, launching its first commercial network in in 1994 with capacity for 10,000 users. In 2009, VimpelCom evolved into a multinational holding structure through an agreement between Norway's ASA and Russia's (via Altimo), merging their key assets—including Russia's and Ukraine's —into VimpelCom Ltd. Incorporated in and headquartered in , , the new entity was listed on and , marking a shift from a primarily Russian operator to an international group with consolidated ownership stakes favoring at approximately 44% versus 's 33%. The company underwent a significant in February 2017, changing its name to VEON Ltd. to reflect a strategic pivot toward digital services and consumer platforms, positioning itself as a technology-driven provider rather than a conventional telecom operator. This evolution included launching the VEON app ecosystem in select markets, emphasizing data-centric innovations over voice and revenues. In December 2024, VEON finalized the relocation of its group headquarters from to , , following board approval to better align with operations in growth markets across , , and the . The move, announced in October 2024 after delisting from , aimed to reduce operational distances to key customer bases while maintaining listing.

Global footprint and strategic focus

VEON maintains operations across six frontier markets in and , serving over 150 million connectivity customers and approximately 120 million monthly active digital users in regions home to more than 7% of the global population. Its largest market is , where subsidiary accounts for about 37% of group revenue and leads in mobile services. Other key operations include in , in , and Beeline brands in , , and , focusing on high-growth, underserved populations with limited infrastructure. The company's strategic emphasis has shifted toward a "digital operator" model, integrating core mobile and internet connectivity with adjacent digital services such as , , healthcare, and apps tailored to local needs. This pivot targets and underbanked users in these markets, exemplified by offerings like for mobile payments in and similar platforms elsewhere, aiming to enhance daily utility through bundled "multiplay" services that reduce churn and boost engagement. In Q2 2025, direct revenues surged 57% year-over-year, reflecting accelerated adoption amid the strategy's focus on asset-light, high-margin digital ecosystems. Geopolitical volatility in core markets like —impacted by ongoing conflict—and —facing political and economic instability—poses operational risks, including disruptions and regulatory pressures. Nonetheless, these frontier environments offer substantial growth potential due to rapid ization, young demographics, and low penetration rates for advanced services, enabling VEON to pursue elevated local-currency revenue expansion of 13-15% for 2025 overall, with digital segments outperforming. This approach prioritizes scalable innovation over traditional expansion, leveraging local partnerships to mitigate risks while capitalizing on untapped demand.

Historical development

Origins and early expansion (1992–2008)

VimpelCom was founded in 1992 in by Russian engineer Dmitry Zimin, a former systems developer, and American businessman Augie K. Fabela II, with the aim of establishing the first cellular mobile network in . The company conducted pilot tests in 1993 using the AMPS/DAMPS standard, a second-generation analog technology, before launching full commercial operations in in 1994 under the brand, initially serving up to 10,000 users. Rapid subscriber growth followed as VimpelCom secured licenses for CDMA and later technologies, enabling network expansion beyond into other regions during the late 1990s and early 2000s. Competition with operators like Mobile TeleSystems spurred penetration, with cellular subscribers in increasing dramatically from minimal levels in 1995 to millions by 2000, driven primarily by voice and services. This growth supported VimpelCom's in 1996 on the , marking the first Russian company to list on a U.S. exchange and raising capital for further infrastructure development. VimpelCom faced regulatory hurdles in Russia, including license disputes and frequency allocation denials amid the unstable post-Soviet business environment influenced by state and oligarchic interests. In 2004, the company initiated its international expansion within the by acquiring a majority stake in Kazakhstan's KaR-Tel, the second-largest mobile operator there, to leverage local expertise and establish a Central Asian foothold. Efforts to enter began around the same time through bids for , though protracted shareholder disputes delayed full control until later years. By 2008, these steps had positioned VimpelCom as a regional player, with revenues increasingly derived from core mobile services amid ongoing infrastructure investments.

Mergers and international growth (2009–2016)

In October 2009, Telenor of Norway and Alfa Group's telecom arm Altimo resolved a protracted dispute over control of VimpelCom by merging their assets in Russia's VimpelCom operations (covering CIS countries) and Ukraine's Kyivstar into a new Bermuda-registered entity, VimpelCom Ltd., listed on NASDAQ. The merger valued the combined company at approximately $23 billion, with VimpelCom's Russian assets at $18.4 billion and Kyivstar at $5.2 billion, aiming to consolidate ownership and enable international expansion beyond saturated CIS markets. Post-merger, Telenor held 38.84% economic ownership and Altimo 38.46%, with the remainder in free float, though voting rights favored Telenor slightly to maintain strategic influence. This foundation facilitated aggressive acquisitions in 2010–2011 to diversify into higher-growth emerging markets and amid intensifying competition in core regions. On October 4, 2010, VimpelCom announced a $6.6 billion deal to acquire control of Italy's and a majority stake in Egypt-based Orascom Telecom Holding, issuing new shares to Orascom's parent, SpA, in exchange. The transaction closed on April 15, 2011, after shareholder approval, granting VimpelCom 100% ownership of (with 51.7% indirect control of Orascom Telecom) and expanding operations to 14 countries including , , , , , and others in and . Certain Orascom assets, such as North Korean operations, were spun off to preserve focus on viable markets. The mergers propelled subscriber growth from 87 million pre-2011 to over 173 million immediately post-deal, positioning VimpelCom as the world's sixth-largest mobile operator by subscribers and emphasizing in voice and data services across volatile emerging economies. However, the financings—relying heavily on share issuance and debt—elevated net debt from $4 billion to around $24 billion, straining liquidity amid currency fluctuations, regulatory hurdles in new markets, and slower-than-expected synergies from integration. Early efforts included pilots for mobile data and basic services, but these remained secondary to core infrastructure amid debt servicing pressures and macroeconomic instability in acquired regions.

Rebranding and operational shifts (2017–2022)

In March 2017, VimpelCom Ltd. rebranded to VEON Ltd., adopting the name from its proprietary messaging platform to emphasize a shift toward a services provider beyond traditional . The change, announced on February 27, 2017, aimed to unify operations under a tech-oriented identity, focusing on data-driven consumer apps and services in emerging markets. The occurred amid following a bribery scandal resolution, where VEON (then VimpelCom) agreed to pay $795 million in combined penalties and to U.S., Dutch, and authorities for violations involving bribes to obtain licenses in . Leadership turnover ensued, with the company replacing its CEO, , general counsel, and two other executives by early to address compliance failures. Under incoming CEO Jean-Yves Charlier, who led the rebrand, VEON prioritized cost discipline, targeting a reduction in corporate overhead from $431 million in 2017 toward half that level by streamlining central functions and exiting underperforming segments. To enhance efficiency, VEON divested non-core assets, including its 50% stake in the Italian joint venture Wind Tre, sold to CK Hutchison for $1.279 billion in August 2018 after regulatory approval. These moves redirected capital to high-growth regions like Asia and Africa, while centralizing back-office operations reduced operational expenses amid currency volatility and market pressures. The in 2020 exacerbated challenges, with lockdowns in key markets causing a 16.3% year-over-year drop to $1.9 billion in the second quarter, driven by reduced mobility and economic contractions. Despite this, the crisis accelerated adoption of remote digital tools, laying groundwork for consumer apps like MyBeeline, which integrated billing, support, and content services to retain users in restricted environments. By late 2020, VEON reported quarterly stabilization at -1.3% in local currency terms, signaling resilience through early digital pivots.

Recent transformations and challenges (2023–present)

In 2023, VEON completed the divestiture of its operations, which it had agreed to sell in November 2022 to a group of senior management at , amid escalating Western sanctions related to Russia's invasion of . This transaction reduced exposure to sanctions risks, including those imposed by in July 2023 on mobile operators like VimpelCom, allowing VEON to refocus on its remaining emerging markets. A major challenge emerged in December 2023 when VEON's Ukrainian subsidiary suffered a widespread on December 12, attributed to actors linked to the ongoing war, which partially destroyed IT systems and disrupted services for millions of users. Services were largely restored by December 19, but the incident incurred recovery costs estimated at approximately $100 million, including waived fees for affected customers. In response, VEON enhanced cybersecurity measures across its operations, highlighting vulnerabilities in frontier markets amid geopolitical tensions. VEON advanced its by expanding services like and , with direct digital revenues increasing 57% year-over-year in the second quarter of 2025, representing 16.5% of total revenue. This growth reflected investments in digital ecosystems despite challenges, including sustained operations in where the war compounded risks such as infrastructure damage and regulatory uncertainty. To support recovery and unlock value, VEON's completed a business combination with Cohen Circle Acquisition Corp. I on August 14, 2025, enabling Kyivstar Group's listing on under the ticker KYIV, marking the first pure-play Ukrainian public investment opportunity on U.S. exchanges. This from VEON aimed to attract capital for Ukraine's digital infrastructure amid ongoing , with VEON and Kyivstar committing $1 billion in investments from 2023 to 2027. In October 2024, VEON announced plans to relocate its headquarters from to Dubai's International Financial Centre, completing the move by December 19, 2024, to align closer with its key markets in , , and the following its delisting from . Geopolitical risks persisted, particularly in , where operations faced war-related disruptions, yet VEON reported resilient performance through diversified digital initiatives.

Ownership and governance

Major shareholders and ownership changes

LetterOne Investment Holdings S.A., an investment vehicle associated with , , and (formerly of ), emerged as VEON's largest shareholder following the 2011 merger of VimpelCom and , holding approximately 47.9% of common and voting shares by 2017. ASA, a state-controlled firm, concurrently held about 18.9% as a significant minority , reflecting a balanced structure post-international expansion. In 2019, initiated its exit from VEON, selling portions of its stake in open-market transactions; by March 2019, it reduced to 8.9%, and on November 22, 2019, divested the remaining 157 million shares (approximately 9%) for $362 million, boosting VEON's free float to 43.8%. This transaction, executed via public exchanges rather than direct transfer to , eliminated Telenor as a major holder without altering LetterOne's dominant position, leaving no co-equal controlling entity. VEON Ltd. trades on under VEON, with institutional investors comprising the bulk of the free float; notable holders include Wellington Management Group LLP (0.92%) and (0.73%) as of mid-2025, none exceeding 2%. LetterOne's stake has remained stable at approximately 45.5% through 2024-2025, including after a March 2024 share issuance that slightly diluted it to 45.46%. Geopolitical shifts, including Western sanctions on Fridman and Aven post-2022 , introduced risks tied to LetterOne's ownership, such as potential disruptions to operations like , but prompted no ownership divestments or dilutions by mid-2025. VEON's 2023 sale of Russian subsidiary VimpelCom to local entities severed asset-level Russian exposure but left parent-level shareholdings unchanged, preserving LetterOne's preeminent yet non-majority role amid diversified institutional ownership.

Executive leadership and board structure

Kaan Terzioğlu serves as Group of VEON, having assumed the role in June 2021 following prior interim and co-CEO positions since 2019; his leadership emphasizes data-driven strategies across VEON's emerging markets operations. Terzioğlu, previously CEO of from 2015 to 2019, has overseen initiatives to integrate and services into core telecom offerings, aiming to boost and revenue diversification amid competitive pressures in . The comprises seven members, blending veterans with independent directors to guide strategic oversight; as re-elected at the 2025 Annual General Meeting, it includes Chairman Augie K. Fabela II (VEON founder), Andrei Gusev, Rt. Hon. Sir CBE (former minister), Duncan Perry, former U.S. Michael R. Pompeo, Michiel Soeting, and CEO Terzioğlu as a non-independent nominee. Key standing committees include (chaired by independents focusing on financial reporting and risk), and (overseeing executive pay and board composition), and Nominating (handling director selections), reflecting a structure designed for in high-risk international operations. In response to the U.S. Department of Justice agreement stemming from the bribery scandal, VEON enacted governance reforms mandating robust anti-corruption compliance programs, including enhanced , internal controls, and third-party monitoring; an independent compliance monitor certified the program's effectiveness, leading to the DPA's conclusion in October 2019 without further penalties. These measures prioritized to mitigate recurrence risks in VEON's geopolitically sensitive markets. Shareholder Shah Capital, holding a significant stake, criticized VEON's in October 2024 for insufficient progress in unlocking , attributing a substantial discount in the company's valuation to suboptimal capital allocation and strategic execution; the firm proposed a seven-step including asset and operational efficiencies, prompting VEON to acknowledge the input while reaffirming its value-creation commitments.

Business operations

Key subsidiaries and markets

VEON's primary operating subsidiaries are concentrated in five emerging markets: , , , , and . Its largest unit, in , serves approximately 73 million mobile subscribers as of mid-2025, holding a leading of around 37%, with adaptations focused on extensive rural network coverage to address the country's diverse terrain and high . The subsidiary navigates challenges such as elevated taxation rates on telecom services, which exceed 20% of revenues in some categories, prompting localized strategies for cost-efficient utilization and partnerships with local infrastructure providers. In Ukraine, Kyivstar operates as the incumbent provider with about 23 million mobile subscribers and a 47-48% market share as of 2025, demonstrating resilience amid ongoing conflict and a major cyberattack in December 2023 that disrupted services but was restored within days through redundant systems and international support. The unit has adapted by prioritizing network hardening, including diversified power backups and satellite linkages for wartime continuity, while maintaining dominance in urban centers like Kyiv. in caters to roughly 38-40 million subscribers, representing about 20% market share, with operations tailored to the densely populated regions through aggressive expansion of budget-oriented access points and integration with local services for workers. Challenges include subscriber churn from economic volatility and competition, addressed via hyper-localized pricing models compliant with guidelines. In , Beeline brands serve with 11 million mobile customers, emphasizing urban 5G rollouts in and to leverage the market's oil-driven digital demand, and with operations scaled for in a state-influenced landscape. These units adapt to gaps by investing in backhaul with entities, amid challenges like bureaucratic spectrum allocation delays. VEON has divested from non-core markets like and in prior years to streamline focus on these high-growth frontiers.

Core services and digital innovations

VEON's core services encompass voice and data plans, alongside via fixed and networks. These offerings support essential connectivity for voice calls, , and high-speed data usage, with ongoing investments in LTE infrastructure and selective rollouts to improve latency, throughput, and coverage in operational regions. Complementing these traditional services, VEON has prioritized digital innovations to extend functionality beyond connectivity, including platforms designed for among underbanked users. Key examples include mobile wallet applications enabling transfers, bill payments, and micro-lending, with services like processing transactions, government disbursements, and products through integrated APIs for enhanced security and fraud detection. VEON's digital portfolio also features entertainment streaming apps for music and video content, bundled with telecom subscriptions to drive user engagement. Innovations in this domain incorporate AI for predictive personalization, such as tailored content recommendations and network optimization, alongside custom large language models that achieve superior performance in local contexts compared to general-purpose alternatives. Further advancements include secure verification systems, which authenticate users across services to facilitate seamless access without reliance on third-party platforms. These efforts aim to foster ecosystem integration, though implementation often hinges on local regulatory frameworks that can introduce delays in volatile environments.

Financial performance

Revenue trends and profitability

In fiscal year 2024, VEON achieved revenues of $4.00 billion, reflecting an 8.3% year-on-year increase in reported USD terms, driven primarily by growth in digital services and subscriber additions across its operations. EBITDA for the year rose 4.9% to $1.59 billion in USD, supported by cost discipline and a shift toward higher-margin digital revenues, which expanded 63% year-over-year and accounted for 11.5% of total . These gains partially offset headwinds from depreciation in markets such as and , where performance was stronger at double-digit levels. Entering 2025, VEON sustained momentum, with Q2 revenues growing 5.9% year-over-year in USD to $1.087 billion, equivalent to 11.2% expansion in terms, fueled by continued adoption and usage. EBITDA increased 13.2% to $520 million in USD (19.6% in ), enhancing margins through operational efficiencies and reduced customer acquisition costs amid a focus on and entertainment services. Direct revenues specifically jumped 56.6% to $180 million, representing 16.5% of quarterly total, underscoring the segment's role in bolstering profitability. Historically, VEON's trajectory has shown volatility tied to geopolitical events and forex impacts in its , but recent years mark a stabilization with underlying growth outpacing reported USD figures; profit margins reached 23.72% trailing twelve months as of mid-2025, reflecting improved underlying profitability from diversification over traditional voice services. This trend aligns with VEON's strategic pivot, where EBITDA margins have expanded via cost controls and selective capex allocation, though sustained gains depend on mitigating currency risks.

Debt, investments, and shareholder returns

VEON has substantially deleveraged its since peaking from legacy acquisitions, with net to last twelve months EBITDA, excluding lease liabilities, declining to 1.32x as of June 30, 2025, from higher multiples in prior years. This improvement, aided by asset sales and operational cash generation, positions the company below its 1.5x target ratio while maintaining investment-grade aspirations amid frontier volatilities. Total stood at approximately $4.91 billion as of mid-2025, with at 328%, reflecting base growth alongside reductions. Capital expenditures in 2025 emphasized infrastructure and network enhancements, with group capex intensity guided at 17-19% of revenues to support low-capex services alongside traditional upgrades. Q1 2025 capex rose 8.3% year-over-year to $135 million, implying last twelve months intensity of 20.4% (17.9% excluding impacts), directed toward asset-light expansion rather than heavy legacy infrastructure. This approach balances growth in high-margin offerings with disciplined allocation, yielding robust conversion despite elevated near-term outlays. Shareholder returns have included a multi-phase buyback program, with the third phase announced in 2025, alongside expectations for dividend resumption tied to free cash flow generation—potentially at 50% payout from 2025 or 2026 earnings. In October 2024, activist investor Shah Capital, holding about 7% of shares, issued a letter highlighting perceived undervaluation relative to emerging market telecom peers and proposing a seven-step roadmap—including accelerated capital returns, asset monetization, and strategic divestitures—to multiply enterprise value by 2026. VEON's stock, trading at a forward EV/EBITDA of around 3.5x, has risen 84% over the past year as of September 2025, outperforming sector medians amid digital metrics strength, though exposed to geopolitical risks in its markets.

Controversies and legal matters

Uzbekistan bribery scandal (VimpelCom-Takilant case)

VimpelCom, through its subsidiary Unitel LLC, engaged in a scheme from 2006 to at least 2012, paying over $114 million in bribes to , daughter of then-President , to secure licenses and market influence. These payments, structured as sham consulting and shareholder agreements with Takilant—a Cyprus-registered entity controlled by Karimova—facilitated Unitel's entry into the Uzbek market, acquisition of licenses, and expansion to frequencies, including a $25 million payment in 2007 for the latter. Investigations revealed Takilant served as a conduit for laundering bribes, with funds routed through multiple shell companies to obscure their illicit purpose, reflecting a pattern where foreign telecom operators treated such payments as essential costs amid 's state-controlled licensing regime dominated by Karimova's influence. U.S. and Dutch authorities investigated VimpelCom for violations of the Foreign Corrupt Practices Act (FCPA) and equivalent Dutch anti-bribery laws, prompted by disclosures from multiple telecom firms operating in Uzbekistan. In February 2016, VimpelCom reached a global settlement totaling $795 million, including $167.5 million in disgorgement and penalties to the U.S. Securities and Exchange Commission (SEC), $230.1 million to the U.S. Department of Justice (DOJ)—of which $40 million constituted criminal forfeiture—and $397.5 million to the Dutch Public Prosecutors' Office (OM). VimpelCom admitted to the bribes as part of the resolutions, acknowledging failures in internal controls that allowed executives to authorize suspicious payments without due diligence on Takilant's opaque ownership. The scandal exposed systemic risks of state capture in Uzbekistan, where Karimova extracted rents from foreign investors as a de facto gatekeeper for telecom assets, a dynamic corroborated by parallel probes into competitors like TeliaSonera and MTS Bank that paid hundreds of millions similarly. Immediate repercussions included a sharp decline in VimpelCom's stock price following the settlement announcement, leadership shakeups such as the resignation of its Russian operations head amid related probes, and the imposition of a three-year independent corporate monitor to oversee compliance reforms. Asset forfeitures tied to the bribes, including Karimova-linked funds, underscored the enforcement's focus on recovering illicit gains, while highlighting how entrenched corruption in authoritarian markets incentivized such practices as a pragmatic, if illegal, barrier to entry rather than isolated ethical lapses.

Shareholder disputes and other criticisms

In October 2024, Shah Capital Management, holding a 6.75% stake in VEON, issued an criticizing the company's strategic direction and valuation, alleging underperformance against peers and a share price trading 80% below intrinsic value due to inefficient asset monetization. The activist investor proposed a seven-step roadmap, including listing the unit on to unlock value, implementing aggressive share buybacks, and prioritizing dividends over further investments in volatile markets. VEON welcomed the input, emphasizing its ongoing efforts to create through operational efficiencies and , while noting recent milestones such as the ESG rating upgrade. The company rejected claims of systemic underperformance, attributing valuation discounts to external factors like geopolitical risks rather than internal mismanagement. Operational critiques have highlighted VEON's dependence on high-volatility emerging markets, where currency fluctuations, regulatory uncertainties, and conflicts—particularly in —exacerbate instability and deter investor confidence. Prior to 2023, the company's services lagged, with efforts yielding limited contribution amid slower in economies, contributing to perceptions of stalled growth. A significant emerged in 2023 when , VEON's Ukrainian subsidiary, endured one of the largest cyberattacks on telecom infrastructure during the Russia-Ukraine war, attributed to state-linked actors; the incident destroyed core IT systems, disrupted services for nearly 24 million users, and required $90-100 million in recovery and waived fees. ESG scrutiny has arisen from VEON's presence in corruption-prone regions, though countered by a March 2024 upgrade to 'AA' rating, citing strengthened governance, ethical practices, and sustainability integration across operations. Amid these issues, has exhibited operational resilience, sustaining network availability through war-induced blackouts via enhanced energy backups and committing to $1 billion in investments from 2023-2027, underscoring VEON's capacity to adapt in adversarial environments.

References

  1. [1]
    VEON - Crunchbase Company Profile & Funding
    VEON is a Nasdaq-listed digital operator headquartered in Dubai that provides converged connectivity and digital services to nearly 160 million customers.
  2. [2]
    VEON Ltd Company Profile - Overview - GlobalData
    VEON Ltd (VEON) is a provider of connectivity and internet services. The company offers a broad spectrum of mobile telecommunications services.Missing: subsidiaries | Show results with:subsidiaries
  3. [3]
    Home
    **Summary of VEON:**
  4. [4]
    VEON Ltd. (VEON) Company Profile & Facts - Yahoo Finance
    VEON Ltd., a digital operator, provides telecommunications and digital services to corporate and individual customers in Pakistan, Ukraine, Kazakhstan, ...Missing: subsidiaries | Show results with:subsidiaries
  5. [5]
    https://www.globenewswire.com/news-release/2025/10/24/3172665/0/en/veon-to-release-3q25-earnings-update-on-november-10-2025.html
  6. [6]
    Veon 2025 Company Profile: Stock Performance & Earnings
    As of 30-Jun-2025, Veon has a trailing 12-month revenue of $4.15B. Revenue In Thousands, USD. TTM 4,149,000. FY 2024 4,004,000.Missing: headquarters | Show results with:headquarters
  7. [7]
    VEON 2Q25 Earnings Release: Direct Digital Revenues Up 57 ...
    Aug 7, 2025 · Dubai, August 7, 2025. VEON 2Q25 Highlights. Total revenue growth of 5.9% YoY to USD 1,087 million (11.2% YoY in local currency terms).Missing: profile | Show results with:profile
  8. [8]
    Timeline: Uneasy Vimpelcom partners Telenor and Alfa-Group
    Feb 8, 2011 · 1992 - Vimpelcom founded by Russian engineer ... 2004 - Vimpelcom starts to expand beyond Russia, buying Kazakh mobile operator Kar-Tel.
  9. [9]
    Russia Wireless Operator Faces Future Where Its Roots Mean Less
    Apr 28, 2022 · Veon was founded in Moscow in 1992 as VimpelCom, one of the nation's first cellular-phone providers. Today it's a Dutch-domiciled ...<|separator|>
  10. [10]
    [PDF] Beeline—Launching a Mobile Phone Operator During Russia's ...
    In 1994, VimpelCom completed its pilot tests and launched full-scale commercial operations in Moscow. The new network was capable of servicing 10,000 users.
  11. [11]
    Telenor and Alfa Reach Deal on VimpelCom - The New York Times
    Oct 5, 2009 · They will create a new company called VimpelCom Ltd., which will be headquartered in the Netherlands, incorporated in Bermuda, and will be ...
  12. [12]
    VEON – Transition from telco to consumer IP communications platform
    Oct 18, 2017 · Veon came into being at the start of 2017, a rebrand of VimpelCom. The Amsterdam-based telco was founded in its current form in 2009 when ...Missing: headquarters relocation
  13. [13]
    Telenor and Alfa End Five-Year Battle with Merger of Russia ...
    Oct 5, 2009 · Altimo now owns a larger stake than Telenor in the newly-formed VimpelCom Ltd, which suggests that the Russians may wield greater power in the ...
  14. [14]
    VimpelCom becomes VEON to create global tech company ...
    Feb 27, 2017 · VimpelCom becomes VEON to create global tech company following successful reinvention. Amsterdam/Barcelona (27 February 2017) - VimpelCom Ltd.Missing: founding merger rebranding headquarters relocation
  15. [15]
    VEON's Digital Overhaul Much More Than Rebranding - Light Reading
    Having previously been known as VimpelCom, and used various brands across its global operations (such as Beeline in Russia), the company renamed itself VEON ...
  16. [16]
    VEON Completes the Move of its Headquarters to Dubai
    Dec 19, 2024 · This announcement follows the approvals in the meetings of the VEON Board of Directors in Amsterdam on 12 December 2024 and in Dubai on 19 ...Missing: 2023 | Show results with:2023
  17. [17]
    Telecoms group VEON to move headquarters to Dubai after ...
    Oct 14, 2024 · After its delisting from Amsterdam, VEON will complete its relocation from the Netherlands - where it moved in 2010 - to Dubai by the end of the ...
  18. [18]
    VEON Ltd. Finalizes Headquarters Relocation to Dubai - Nasdaq
    Dec 19, 2024 · VEON Ltd. has officially moved its headquarters from Amsterdam to Dubai, becoming the largest Nasdaq-listed company in the city.Missing: 2023 | Show results with:2023
  19. [19]
    VEON Ltd.: Increasing Profits And Limited Risk - Seeking Alpha
    Aug 26, 2025 · During the first two quarters of 2025, the company generated $2.1B in revenue, 37.0% of which came from Pakistan, 25.7% of which came from ...
  20. [20]
    VEON — An innovative approach to frontier telecoms - Edison Group
    Feb 10, 2025 · In November 2022, VEON announced that it had decided to sell VimpelCom, the owner of the Russian assets. The sale was approved by the Russian ...<|separator|>
  21. [21]
    Kyivstar parent VEON revenue surges, boosted by digital services
    May 15, 2025 · The company is shifting to a "digital operator" strategy, offering financial, healthcare and entertainment services in addition to mobile ...
  22. [22]
    VEON Q2 2025 presentation: Digital revenue surges 57%, driving ...
    Aug 7, 2025 · VEON's strategic focus on multiplay services (customers using multiple services) continues to drive revenue growth. The company reported that ...
  23. [23]
    VEON's Digital Transformation: Riding the Wave Amidst Geopolitical ...
    Jun 13, 2025 · VEON's Q1 2025 results marked a milestone in its digital transformation. Direct digital revenues jumped 50.2% year-on-year to $147 million.
  24. [24]
    We are VEON
    Operating across five countries that are home to more than 6% of the ... © VEON LTD 2025. Terms of use · Website privacy policy · VEON privacy · Cookies ...
  25. [25]
    VimpelCom - Companies History
    Mar 12, 2024 · One year later, VimpelCom launched its first commercial network, a five base station system in Moscow, limiting sales to only 1,000 mobile ...
  26. [26]
    AO VimpelCom - Company-Histories.com
    Key Dates: 1992: AO VimpelCom is organized by Dmitri Zimin and Augie Fabela. 1994: Commercial operations start under the Bee Line brand name. 1996: VimpelCom ...
  27. [27]
    History of AO VimpelCom - FundingUniverse
    AO VimpelCom keeps people connected in Russia, providing cellular phone services under the BeeLine brand name on either a U.S. or a European standard. The ...
  28. [28]
    COMPETING IN 3G CELLULAR MARKETS - MIT Press Direct
    Competition between VimpelCom and MTS in the late 1990s and early. 2000s fueled rapid cellular growth in Russia. Between 1995 and 2000, the number of ...
  29. [29]
    [PDF] Anatomy of Russian equity capital markets - Sova Capital
    Dec 14, 2021 · Russia's ECM history began in. 1996, when TMT company. VimpelCom held an IPO on the NYSE. Since then,. Russian issuers have raised.
  30. [30]
    [PDF] Initial Public Offerings Law Review
    Jul 14, 2017 · ... public offering (IPO) market dates back to 1996, when VimpelCom, a major Russian telecommunications company, conducted an IPO on the New ...<|separator|>
  31. [31]
    AO VimpelCom | Encyclopedia.com
    In the fall of 2000, a government move fueled worries about the stability of Russia's business environment. The Communications Ministry announced that it was ...
  32. [32]
    https://www.wsj.com/articles/SB110262836010896065
  33. [33]
    VimpelCom to expand into Kazakhstan by acquiring second largest ...
    Aug 26, 2004 · Recognizing the benefits of local expertise when entering a new country, VimpelCom is also in discussions with a Kazakh partner to sell for cash ...
  34. [34]
    Telenor may sell Kyivstar through deal - Mar. 23, 2006 | KyivPost
    The once lucrative relationship between Telenor and Alfa began to sour in 2004 over control of Kyivstar and Vimpelcom's expansion plans into Ukraine. Both ...
  35. [35]
    Prospectus - SEC.gov
    OJSC VimpelCom ADSs will not be accepted in the Russian Offer. All U.S. holders of OJSC VimpelCom shares are invited to exchange their shares in the U.S. Offer.
  36. [36]
    Alfa, Telenor make peace; plan $23 billion merger | Reuters
    The deal will see Vimpelcom, worth around $18.4 billion, merge with Ukraine-based, unlisted Kyivstar, which analysts said was valued at $5.2 billion. " ...Missing: details | Show results with:details
  37. [37]
    Vimpelcom in $6.6 billion deal to buy Orascom, Wind | Reuters
    Oct 4, 2010 · Russian mobile operator Vimpelcom will buy Italian mobile group Wind and control of Egyptian operator Orascom Telecom for $6.6 billion.
  38. [38]
    VimpelCom Completes Combination With Wind Telecom
    On March 17, 2011, VimpelCom shareholders approved the issuance of VimpelCom common shares and convertible preferred shares, paving the way for the ...
  39. [39]
    VimpelCom completes acquisition of Wind Telecom | Capacity Media
    Apr 17, 2011 · Russian operator VimpelCom has completed its acquisition of Wind Telecom for $6.6 billion thereby creating the world's sixth largest mobile telco by subscriber.
  40. [40]
    Vimpelcom in $6.6 billion deal to buy Orascom, Wind - Reuters
    Oct 4, 2010 · While Orascom's operations in Egypt and North Korea were included in the deal, the assets will be demerged in the third quarter of 2011, ...
  41. [41]
    Veon (formerly Vimpelcom Ltd) - TAdviser
    Veon explained that the decision to move the head office is due to the need to become closer to the key markets of the company. Sale of Kazakhstan telecom ...Missing: relocation | Show results with:relocation
  42. [42]
    VimpelCom Completes Wind Merger and Plans Spinoffs of Units
    Apr 15, 2011 · VimpelCom Ltd., Russia's third-largest wireless carrier by subscribers, completed its merger with Wind Telecom SpA to create the world's ...Missing: acquisition | Show results with:acquisition
  43. [43]
    VimpelCom CEO Boosts Dividend in Veon Rebranding
    Feb 28, 2017 · Jean-Yves Charlier, chief executive officer at VimpelCom Ltd., explains the company's decision to rebrand as Veon Ltd ... February 28th, 2017, 4: ...
  44. [44]
    VimpelCom to Pay $795 Million in Global Settlement for FCPA ...
    Feb 22, 2016 · VimpelCom Ltd. to pay more than $795 million to resolve its violations of the Foreign Corrupt Practices Act (FCPA) to win business in Uzbekistan.
  45. [45]
    VimpelCom Limited and Unitel LLC Enter into Global Foreign ...
    Feb 18, 2016 · VimpelCom Limited and Unitel LLC enter into global foreign bribery resolution of more than $795 million; United States seeks $850 million forfeiture.
  46. [46]
    Vimpelcom replaced five executives after Uzbek bribery scandal
    Feb 18, 2016 · Since the launch of the investigation, VimpelCom has appointed a new Chief Executive Officer, Chief Financial Officer, Group General Counsel ...
  47. [47]
    VEON's transaction to sell 50% of Italy JV to CK Hutchison receives ...
    Aug 31, 2018 · VEON's transaction to sell 50% of Italy JV to CK Hutchison receives final regulatory approval by the European Commission. Amsterdam,31 August ...Missing: Vietnam 2017-2018
  48. [48]
    [PDF] Annual Report 2018 - VEON
    Jul 30, 2018 · For the 2017-2018 period, our MTR remained stable and ... US$1,279 million from the sale of VEON's 50% stake in the Italy Joint Venture.Missing: Vietnam | Show results with:Vietnam
  49. [49]
    [PDF] 6 A U G U S T 2 0 2 0 V E O N R E P O R T S 2 Q 2 0 R E S U L T S
    Reported total revenue decreased by 16.3 % YoY in 2Q20 to USD 1.9 billion, negatively impacted by special compensation of USD 38 million received in 2Q19. The ...
  50. [50]
    Veon's 3Q20 revenue falls 10.4% due to currency movements ...
    Veon started to recover in 3Q20 after it felt the full impact of COVID-19 lockdowns in 2Q20. Reported revenue was up 5.4% quarter-on-quarter (QoQ) in 3Q20.
  51. [51]
    [PDF] Earnings Release 3Q20 results - VEON
    Oct 9, 2024 · In 3Q20 reported total revenue decreased by 10.4% YoY mainly due to currency headwinds. In local currency terms total revenue decreased by 1.3% ...
  52. [52]
    [PDF] Annual Report 2023 document - VEON
    Oct 31, 2024 · We provide services under the “Jazz,” “Kyivstar,”. “Banglalink” and “Beeline” brands. VEON generates revenue from the provision of voice ...
  53. [53]
    #LeaveRussia: VEON Closed its Business in Russia
    It has completed its exit from Russia with the closing of the sale of its Russian operations to a group of senior members of the PJSC VimpelCom management team.Missing: divestiture | Show results with:divestiture
  54. [54]
    [PDF] VEON LTD 6-K Q3 2023
    Nov 19, 2023 · On July 20, 2023, Canada imposed sanctions on a number of Russian mobile operators, including PJSC VimpelCom. Refer to. Note 15 for further ...Missing: divestiture war
  55. [55]
    [PDF] VEON Holdings Q2 2023
    Aug 29, 2023 · Following the completion of this sale, the risk of material impacts on VEON's operations stemming from Russian-related sanctions from various ...
  56. [56]
    Kyivstar Network Targeted by Widespread Cyber Attack - VEON
    12 Dec 2023. Kyivstar Network Targeted by Widespread Cyber Attack. Amsterdam, 12 December 2023 13:45 CET – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: ...
  57. [57]
    Ukraine's top mobile operator hit by biggest cyberattack of war
    Dec 12, 2023 · Ukraine's top mobile operator hit by biggest cyberattack of war · Kyivstar's IT systems 'partially destroyed' · CEO says attack connected to war ...
  58. [58]
    Ukraine's Kyivstar restores services after cyberattack, parent Veon ...
    Dec 19, 2023 · Ukraine's Kyivstar restores services after cyberattack, parent Veon says. By Reuters. December 19, 20239:28 AM PSTUpdated December 19, 2023.
  59. [59]
    Cyberattack on Ukraine's largest telecom provider will cost it about ...
    Jan 18, 2024 · The recent cyberattack on Ukraine's largest telecom provider will cost its parent company, Netherlands-based Veon, almost $100 million.
  60. [60]
    Kyivstar Completes Preliminary Assessment of the Financial Impact ...
    Jan 18, 2024 · Kyivstar Completes Preliminary Assessment of the Financial Impact of the Cyberattack. Amsterdam and Kyiv, 18 January 2024 – VEON Ltd. (NASDAQ ...
  61. [61]
    [PDF] Consolidated financial statements VEON Ltd. As of December 31 ...
    Oct 17, 2024 · Due to the ongoing war between Russia and Ukraine, material uncertainties have been identified that may cast significant doubt on the. Company's ...
  62. [62]
    Ahead of Its Historic Listing on Nasdaq, Kyivstar Group ... - VEON
    Aug 14, 2025 · Cohen Circle's shareholders approved the Business Combination at its extraordinary general meeting held on August 12, 2025. Prior to Cohen ...
  63. [63]
    Kyivstar Group De-SPAC Transaction | VEON & Cohen Circle ... - Kroll
    Sep 5, 2025 · With trading commencing on August 15, 2025, Kyivstar became the first and only pure-play Ukrainian investment opportunity listed on U.S. stock ...
  64. [64]
    VEON Completes Reorganization Ahead of Kyivstar's Planned ...
    Apr 8, 2025 · Together with VEON, Kyivstar has jointly committed to invest USD 1 billion into the development of the Ukrainian economy from 2023 to 2027.Missing: present | Show results with:present
  65. [65]
    VEON Announces Plan to Move its Headquarters to Dubai ...
    Oct 14, 2024 · Its Board of Directors has approved a plan to move the VEON Group headquarters from Amsterdam to Dubai, United Arab Emirates.Missing: 2023 | Show results with:2023
  66. [66]
    VEON free float increases to 43.8%
    On Friday, 22 November 2019, Telenor announced the sale of the balance of their shares in the VEON Group. Telenor held approximately 157 million of VEON Ltd.
  67. [67]
    Telenor offloads last Veon chunk - Mobile World Live
    Nov 22, 2019 · Telenor Group sold its last stake in multinational operator Veon for $362 million, after a prolonged contest about the future ownership of the ...Missing: LetterOne | Show results with:LetterOne
  68. [68]
    Who Owns VEON? VEON Shareholders - Investing.com
    Top Institutional Holders ; Wellington Management Group LLP, 0.92%, 637,187, Jun 29, 2025, 32,188 ; BNPP Asset Management Holding, 0.73%, 501,439, Jun 29, 2025 ...
  69. [69]
    VEON announces the issuance of previously authorized shares ...
    Mar 1, 2024 · Following today's issuance, LetterOne's holdings represent 45.46% of VEON's issued and outstanding shares.Missing: percentage | Show results with:percentage
  70. [70]
    Equity Investors - VEON
    31 Mar 2025. Notice of the 2025 Annual General Meeting of Shareholders of VEON Ltd. 11 Nov 2024. Notice of Special General Meeting of Shareholders for the ...
  71. [71]
    [PDF] VEON LTD 6-K Q2 2025
    Jun 30, 2025 · Our consolidated operating profit increased to US$1,059 million for the six-month period ended June 30, 2025 compared to. US$479 million for the ...
  72. [72]
    VEON Ltd. (VEON) Leadership & Management Team Analysis
    CEO. Muhterem Terzioglu (57 yo). 4.3yrs. Tenure. US$10,052,086. Compensation. Mr. Muhterem Kaan Terzioglu serves as Board Chair of Supervisory Board at Private ...
  73. [73]
    Leadership | VEON
    Kaan Terzioğlu. Group Chief Executive Officer · Burak Ozer. Group Chief Financial Officer · Vitaly Shmakov. Acting General Counsel · Lasha Tabidze. Chief Digital ...Missing: composition | Show results with:composition
  74. [74]
    Kaan Terzioğlu - VEON - MWC Doha
    Between June 2019 and March 2024, Terzioglu served as a member of Digicel Group Board of Directors. Prior to joining VEON, Terzioglu was the CEO of Turkcell ...
  75. [75]
    VEON Shareholders Re-elect Board at 2025 AGM, Founder Augie ...
    May 8, 2025 · The Board includes Augie K Fabela II (Chairman), Andrei Gusev, Rt. Hon. Sir Brandon Lewis CBE, Duncan Perry, Michael R. Pompeo, Michiel Soeting, ...Missing: composition | Show results with:composition
  76. [76]
    VEON Announces 2025 AGM and Board Nominees - GlobeNewswire
    Mar 31, 2025 · The recommended nominees are Augie K Fabela II, Andrei Gusev, Sir Brandon Lewis, Duncan Perry, the 70th U.S. Secretary of State Michael R.Missing: composition | Show results with:composition
  77. [77]
    VEON Ltd.: Governance, Directors and Executives & Committees ...
    Composition of the Board of Directors: VEON Ltd. ; Brandon Lewis. 54 year. Audit Committee, 2024-05-30. Nominating Committee, 2025-08-13. Compensation Committee ...
  78. [78]
    2016 Deferred Prosecution Agreement concludes as monitor ...
    Oct 31, 2019 · VEON today announces that the Deferred Prosecution Agreement (DPA) entered into on 18 February 2016 with the US Department of Justice has concluded.
  79. [79]
    VEON Welcomes Letter from its Shareholder Shah Capital ...
    Oct 21, 2024 · The letter, which outlines Shah Capital's views on VEON's current valuation and suggests a seven-step strategic roadmap to enhance shareholder ...
  80. [80]
    VEON Welcomes Letter from its Shareholder Shah Capital ...
    Oct 21, 2024 · VEON Welcomes Letter from its Shareholder Shah Capital, Reiterates Commitment to Shareholder Value Creation ... VEON Ltd. ... VEON Ltd. Amsterdam ...
  81. [81]
    https://digitalpakistan.pk/pakistan-telecom-market-share-revenue-2025/
  82. [82]
    Jazz Reports 20% Revenue Growth in Q1 2025, Invests PKR 9.5 ...
    May 15, 2025 · The company's mobile customer base reached 73.4 million, with 4G users increasing 16% year-on-year to 53.3 million. Mobile ARPU rose 14.0% to ...<|separator|>
  83. [83]
    Provider Kyivstar today – Ukrainian telecom provider №1
    Kyivstar is Ukraine's largest electronic communications operator, serving 23.3 million cell phone subscribers and more than 1.1 million Home Internet ...
  84. [84]
    Ukraine's Telecom Market, Explained - TeleGeography Blog
    Sep 16, 2025 · As of mid-2025, the mobile sector's largest provider by subscriptions was Kyivstar, with around 22.4 million subscriptions and a 47% market ...
  85. [85]
    Mobile subscribers rise by 10 lakh in May - The Daily Star
    Jul 23, 2025 · Meanwhile, Banglalink saw a decline of 1.2 lakh subscribers, bringing its total customer base to 3.78 crore. The operator's current market share ...
  86. [86]
    Banglalink's subscriber-base hit 4cr landmark - Daily Sun
    Banglalink, one of the leading digital communications service providers in the country, hit the new landmark of 4 crore subscribers.
  87. [87]
    https://www.veon.com/newsroom/press-releases/veons-beeline-kazakhstan-to-acquire-online-classifieds-business-olx-kazakhstan
  88. [88]
    JazzCash and Dgpays Join Forces to Enhance Marketplace ... - VEON
    Oct 25, 2024 · This partnership will enable JazzCash to modernize its payment gateway for e-commerce transactions, enhancing transaction speed, security, fraud prevention ...
  89. [89]
    VEON's JazzCash Partners with Dgpays to Enhance e-Commerce
    Oct 25, 2024 · JazzCash offers a broad portfolio of financial services for customers, including payments, lending, insurance, government to public payments for ...
  90. [90]
    VEON's JazzCash and Mobilink Bank Shortlisted for Prestigious ...
    Feb 12, 2025 · JazzCash, which is Pakistan's largest fintech with nearly 20 million monthly active users, was shortlisted for the 'Best Fintech Innovation' award.
  91. [91]
    How AI is transforming VEON's digital services - LinkedIn
    Oct 1, 2025 · From managing networks to enabling personalized digital experiences at scale, AI is creating both efficiency and opportunity. The real value ...
  92. [92]
    Feature: Inside Veon's Augmented Intelligence vision
    Jun 30, 2025 · Veon claims that results from the model are already outpacing expectations; Tabidze touted that KazLLM performs 40 per cent better than ChatGPT ...
  93. [93]
    Veon launches digital ID authentication to rival Big Tech | Reuters
    Dec 7, 2021 · Telecoms operator VEON on Tuesday launched a digital ID authentication system that Chief Executive Kaan Terzioglu said could rival those ...
  94. [94]
    VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024,
    Mar 20, 2025 · For the full year 2024, VEON achieved 8.3% year-on-year growth in revenues and a 4.9% YoY growth in EBITDA in reported currency (USD), meeting our FY24 ...
  95. [95]
    VEON Ltd. (VEON) - Revenue (Annual) - AlphaQuery
    VEON Ltd. (VEON) had Revenue of $4.00B for the most recently reported fiscal year, ending 2024-12-31. Quarterly
  96. [96]
    VEON Ltd. (VEON) Valuation Measures & Financial Statistics
    Income Statement ; Revenue (ttm), 4.15B ; Revenue Per Share (ttm), 58.69 ; Quarterly Revenue Growth (yoy), 5.80% ; Gross Profit (ttm), 3.64B ; EBITDA, 1.59B.
  97. [97]
    VEON Publishes 2024 Integrated Annual Report Detailing ...
    Apr 14, 2025 · Group revenues increased 8.3% year-on-year · Digital services revenue grew 63% YoY, contributing 11.5% to total revenue · Group EBITDA grew 4.9% ...
  98. [98]
    VEON 2Q25 Earnings Release: Direct Digital Revenues Up 57 ...
    Aug 6, 2025 · Total revenue growth of 5.9% YoY to USD 1,087 million (11.2% YoY in local currency terms) · EBITDA growth of 13.2% YoY to USD 520 million (19.6% ...
  99. [99]
    [PDF] DIRECT DIGITAL REVENUES UP 57% YOY. SOLID EXECUTION ...
    Aug 7, 2025 · VEON is revising its 2025 outlook and now expects local currency revenue growth of 13% to 15% year-on-year, and local currency EBITDA growth of ...Missing: 2017-2022 | Show results with:2017-2022
  100. [100]
    https://macrotrends.net/stocks/charts/VEON/veon/revenue
  101. [101]
    VEON (VEON) Debt-to-EBITDA - GuruFocus
    Rating 1.0 · Review by GuruFocusVEON (VEON) Debt-to-EBITDA as of today (October 11, 2025) is 1.54. Debt-to-EBITDA explanation, calculation, historical data and more.
  102. [102]
    VEON Stock: Gradual Value Accumulation - Seeking Alpha
    Mar 31, 2025 · VEON's third-quarter cost of debt settled at 9.7%, simultaneously, VEON possesses a target net debt-to-EBITDA ratio of around 1.5x. VEON's ...
  103. [103]
    Streamlined VEON maintains focus on digital, asset-light future
    Mar 20, 2025 · Our share price more than doubled in 2024 and is up 15% year to date in 2025. ... VEON has already announced a strategic alliance with ...
  104. [104]
    Veon reports strong Q1 2025 earnings with digital revenues up 50 ...
    May 16, 2025 · Capex in 1Q25 increased 8.3% YoY to USD 135 million and implies LTM capex intensity of 20.4% (+2.2 p.p. YoY, 17.9% excl. Ukraine). Total cash ...
  105. [105]
    VEON Ltd. Builds Digital Momentum: Limited Risk, Compelling ...
    Sep 16, 2025 · VEON Ltd.'s Q2 results indicate that the business has normalized and is currently gaining momentum. Its revenue clocked in at $1.1 billion, ...
  106. [106]
    VEON — 2025 - the year of the catalyst - Edison Group
    Mar 28, 2025 · VEON reported Q424 revenue of US$998m, 1.2% ahead of our estimate, Q424 EBITDA of US$408m, 11.1% ahead of our estimate and Q424 EBIT of US$225m, ...<|control11|><|separator|>
  107. [107]
    Frontier Telecom's Hidden Gem: VEON's Undervalued Growth ...
    Jun 13, 2025 · Currently, VEON only trades at ~3.5x forward EV/EBITDA and ~9.5x forward P/E which is well below its sector median by ~57% and ~50% respectively ...Missing: metrics | Show results with:metrics
  108. [108]
    VEON (NasdaqCM:VEON): Assessing Valuation Following ... - Sahm
    Sep 23, 2025 · Over the past year, the stock has delivered a return of 84%, while the past three months alone have seen a gain of 33%. Recent months have ...
  109. [109]
    VimpelCom's Landmark Bribery Settlement - By The Numbers - Forbes
    Feb 19, 2016 · Criminal penalty paid by VimpelCom to the US (Department of Justice): $230 million, including $40 million in criminal forfeiture thus far. The ...Missing: admissions | Show results with:admissions
  110. [110]
    [PDF] VimpelCom Ltd - SEC Complaint
    Feb 18, 2016 · From 2006 to at least 2012, VimpelCom offered and paid bribes to a government official in Uzbekistan in connection with its Uzbek operations.
  111. [111]
    [PDF] UNITEL LLC - Department of Justice
    In 2007, VimpelCom arranged to pay Foreign Official, through Shell Company, an additional $25 million bribe to obtain 3G frequencies for UNITEL in Uzbekistan.
  112. [112]
    VimpelCom Fined US$ 795 million Over Uzbekistan Telecoms Bribes
    Feb 19, 2016 · Russian-Norwegian telecom operator paid possibly as much as US$ 183.5 million in bribes and other payments to Gulnara Karimova, a daughter ...Missing: scandal | Show results with:scandal
  113. [113]
    VimpelCom Ltd. Agrees to Pay $795M and Accept a Three-Year ...
    Feb 19, 2016 · VimpelCom Ltd. Agrees to Pay $795M and Accept a Three-Year Corporate Monitor to Resolve Massive Bribery Scheme in Uzbekistan · The Resolution ...
  114. [114]
    Telia's $965 Million Global Bribery Settlement
    Oct 11, 2017 · Telia is the second major settlement resulting from a sprawling investigation into bribe payments made to Karimova to obtain business in Uzbekistan.Missing: details | Show results with:details
  115. [115]
    VimpelCom Russia Head Resigns Amid Graft Probe at Former Job
    Sep 6, 2016 · VimpelCom Ltd.'s head of Russia has resigned after local authorities said he was wanted for questioning in connection with a corruption ...Missing: changes | Show results with:changes
  116. [116]
    Veon's Investor Shah Capital Urges Changes to Boost Share Price
    Oct 21, 2024 · Shah Capital said Veon “should trade at a substantially higher valuation compared to its emerging market telecom peers.” The firm also suggested ...
  117. [117]
    VEON Welcomes Letter from its Shareholder Shah Capital,
    Oct 21, 2024 · The letter, which outlines Shah Capital's views on VEON's current valuation and suggests a seven-step strategic roadmap to enhance shareholder ...Missing: undervaluation | Show results with:undervaluation
  118. [118]
    Veon investor calls for shake-up, says group can better monetize ...
    Oct 22, 2024 · Shah Capital, a long-term investor in telecoms company Veon, has criticized the company's current strategy, claiming that its share price is 80 percent lower.Missing: leadership | Show results with:leadership
  119. [119]
    VEON Welcomes Letter from its Shareholder Shah Capital ...
    Oct 21, 2024 · Earlier this year, VEON also received an upgraded ESG rating of AA from MSCI , positioning us among the “Leaders” in our industry.
  120. [120]
    VEON responds to shareholder criticism, restating commitment to ...
    Oct 22, 2024 · VEON's has published an open letter in a response to Shah Capital's complaints about the telco group's failure to deliver shareholder value over ...Missing: leadership | Show results with:leadership
  121. [121]
    VEON: Old Troubles Behind, New Troubles Ahead - Seeking Alpha
    Oct 12, 2023 · VEON was a catastrophically bad investment in the past ten years. See why I recommend investors avoid buying VEON stock at this point.
  122. [122]
    VEON Ltd.'s Strategic Turnaround and Shareholder Value Creation
    Aug 29, 2025 · The company's revised 2025 outlook—13–15% local currency revenue growth and 14–16% EBITDA growth—reflects optimism about its digital expansion.
  123. [123]
    Veon's Post-Russia Pivot: A Digital Turnaround In Progress
    Jun 13, 2025 · Veon's post-Russia transformation improved margins, ROIC, and digital focus, but heavy Ukraine exposure poses significant geopolitical and ...Veon's Post-Russia Pivot: A... · Pivot To Emerging Markets · ValuationMissing: 2017-2022 | Show results with:2017-2022
  124. [124]
    Ukraine's Kyivstar allocated $90 million to deal with cyberattack ...
    May 20, 2024 · The hack, described by its CEO as the biggest cyberattack on telecoms infrastructure in the world, struck Kyivstar in December, damaging ...
  125. [125]
    MSCI upgrades VEON to 'AA' ESG Rating - Yahoo Finance
    Mar 4, 2024 · MSCI upgrades VEON to 'AA' ESG Rating. Oops ... impact, ensuring ethical governance and contributing to environmental stewardship.Missing: concerns | Show results with:concerns
  126. [126]
    VEON's Kyivstar Extends Energy Resilience of Network
    Jul 17, 2024 · ... Ukraine's energy infrastructure. From the outset of the war, resilience has been a major focus of Kyivstar's strategy to maintain crucial ...
  127. [127]
    Ukraine's Kyivstar to ramp up investments in energy resilience, CEO ...
    Sep 5, 2024 · Ukraine's leading mobile operator Kyvistar will ramp up investments to improve its energy resilience amid Russia's escalated assault on the ...