VEON

VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. It operates through the following segments: Cornerstone Market, Growth Engine, and Frontier Market. The Cornerstone segment includes operations in Russia. The Growth Engines segment comprises businesses in Pakistan, Ukraine, Kazakhstan, and Uzbekistan. The Frontier Markets segment covers the market of Algeria and Bangladesh. Its brands include Beeline, Kyivstar, Banglalink, Jazz, and Djezzy. The company was founded by Dmitriy Borisovich Zimin and Augie K. Fabela II in 1992 and is headquartered in Amsterdam, the Netherlands.

Earnings data Q4 2019

Earnings data Q1 2020

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Earnings data Q3 2020

Earnings data Q4 2020

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Earnings data Q2 2022

Earnings data Q3 2022

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VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. It operates through the following geographical segments: Pakistan, Ukraine, Kazakhstan, Uzbekistan, Bangladesh, Others, and Headquarters (HQ). The Others segment includes operations in Kyrgyzstan. The HQ segment is involved in management activities within the group in Amsterdam, London, Luxembourg, and Dubai; and costs relating to centrally managed operations. The company was founded by Dmitriy Borisovich Zimin and Augie K. Fabela II in 1992 and is headquartered in Amsterdam, the Netherlands.

VEON Implements New Clawback Policy and Updates Incentive Plans to Enhance Accountability in Compliance with Nasdaq Listing Standards Amsterdam, 27 November 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces governance enhancements to its executive remuneration structure, underscoring its commitment to ethical corporate governance practices and financial integrity.

VEON Implements New Clawback Policy and Updates Incentive Plans to Enhance Accountability in Compliance with Nasdaq Listing Standards

Amsterdam, 27 November 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that it has been recognised with the Crisis Response Award for its group-wide emergency response initiatives in Ukraine, Pakistan, Bangladesh and beyond at the World Communication Awards 2023.

VEON Recognised for Crisis Response at World Communication Awards 2023

VEON Ltd. (NASDAQ:VEON ) Q3 2023 Earnings Conference Call November 20, 2023 8:00 AM ET Company Participants Faisal Ghori - Head, Investor Relations Kaan Terzioğlu - Chief Executive Officer Joop Brakenhoff - Group Chief Financial Officer Faisal Ghori Hi, good morning, and afternoon, and thank you for everyone joining us today for VEON's Third Quarter Presentation for the Period Ending September 30, 2023. I'm Faisal Ghori, Head of Investor Relations.

VEON Ltd. (VEON) Q3 2023 Earnings Call Transcript

New York, 20 November 2023 6:00AM ET – VEON Q3 2023 Highlights Revenue of USD 945 million, +6.1% YoY (+19.3% YoY in local currency) Service revenue of USD 913 million, +6.9% YoY (+19.8% YoY in local currency) EBITDA of USD 444 million, +17.0% YoY (+30.6% YoY in local currency) Capex of USD 131 million, -29.8% YoY, with LTM capex intensity of 17.8% Revenues generated by 4G and Multiplay users of USD 474 million, +15.4% YoY (+27.7% YoY in local currency) Total cash and cash equivalents of USD 2.2 billion, with USD 1.8 billion at HQ Gross debt at USD 4.3 billion (decreased by USD 7.1 billion YoY), with net debt excluding lease liabilities at USD 1.3 billion (decreased by USD 3.9 billion YoY) Net debt to EBITDA excluding leases is 0.86x in the current quarter, a reduction from 3.3x from the third quarter of 2022 92 million 4G users, up 12.9% YoY, with 58.8% penetration of customer base 101 million cumulative monthly active users across all digital services and platforms as of 31 October 2023 VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces selected financial and operating results for the third quarter and nine months ended 30 September 2023.

VEON 3Q23 trading update: raising full-year revenue and EBITDA guidance, return to USD revenue growth, exit from Russia completed

Amsterdam and Dhaka, 15 November 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that its wholly owned subsidiary Banglalink has entered into an agreement to sell part of its tower portfolio in Bangladesh to Summit Towers Limited for BDT 11 billion - equivalent of roughly USD 100 million. The deal includes a long-term service partnership with Summit Towers.

Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial Sale of Bangladesh Towers Portfolio

Amsterdam, 14 November 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that former U.S. Secretary of State Michael R. Pompeo will join the Board of Directors of VEON's wholly-owned Ukrainian subsidiary Kyivstar as an independent non-executive director. Secretary Pompeo joins in his capacity as a Partner of Impact Investments, a newly established US-based strategic and financial advisory and investment firm which seeks to develop long-term partnerships with the world's leading companies across a range of industries and geographies.

VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivstar Board of Directors

New brand targets digital natives with integrated media and entertainment services Amsterdam, 31 October 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces the launch of digital operator OQ in Uzbekistan.

VEON Launches Digital-First Operator OQ in Uzbekistan

VEON to release 3Q 2023 trading update on 20 November 2023 Amsterdam, 31 October 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today confirms that the Group will release its selected financial and operating results for the third quarter and nine months ended 30 September 2023, at or around 7:00 CET (6:00 GMT, 1:00 EST) on 20 November 2023.

VEON to release 3Q 2023 trading update on 20 November 2023

Amsterdam, 30 October 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that VEON Ltd. and VEON Holdings B.V. have filed two motions with the relevant Kyiv district court, challenging the freezing of the corporate rights in Kyivstar, which was initially announced on the website of the Security Services of Ukraine (SSU) on 6 October 2023.

VEON files motion with Kyiv Court challenging the freezing of corporate rights in Kyivstar

Kyiv, 23 October 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, has today sent a senior delegation to Ukraine consisting of members of the VEON Board and Management. The delegation will visit Kyiv and Lviv, meeting with Kyivstar employees, Kyivstar's community support projects, government officials and representatives of diplomatic missions.

VEON Group Board and Management Delegation Visit Ukraine, Highlighting Commitment to the Country's Future

Amsterdam, 20 October 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services today published the following open letter from its Group CEO Kaan Terzioglu to its investors. The open letter can be found on the company website: www.veon.com

VEON issues CEO Letter to Investors on Group Financial Position, Reinstatement of Analyst Coverage and Unrestricted Trading

Company responds to speculation about Kyivstar Amsterdam, 12 October 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, issues the following clarification regarding the developments in Ukraine, in response to recent press reports and in order to address the questions raised by VEON's international debt and equity investors.

VEON is the sole and rightful owner of Kyivstar

Amsterdam, 09 October 2023 15:15 CET – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services (the “Company”), today announces that 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, led by VimpelCom CEO Alexander Torbakhov.

VEON closes the sale of its Russia operations, completes its exit from Russia

Beeline Academy launched to help train youth with emphasis on data protection, cybersecurity, and AI   Amsterdam, 5 October 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that its Beeline Uzbekistan, its digital operator in Uzbekistan, opened the Beeline Academy in Tashkent to help train IT, AI, cybersecurity and data protection experts.

Beeline Uzbekistan invests in developing local IT talent with Beeline Academy

Amsterdam, 28 September 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, addressed MWC Las Vegas 2023, the mobile telecommunication industry's largest event in the Americas, with Volodymyr Lutchenko, the Chief Technology Officer of Kyivstar, taking the stage to share how Kyivstar keeps Ukraine connected.

Keeping Ukraine connected: Kyivstar CTO addresses GSMA Sec Con at MWC Las Vegas 2023

Tamasha Draws Record 14.4 Million Digital Viewers During the Tournament Amsterdam, 22nd September 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Tamasha, its leading digital entertainment service in Pakistan, served 14.4 million unique viewers with 2023 Cricket Asia Cup games - the highest-ever audience figures on a digital video platform for a sporting event in Pakistan.

VEON Hits a Six in Cricket Asia Cup 2023

Amsterdam, 20 September 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services (“the Company”), today announces that its Ukrainian digital operator, Kyivstar, has raised over UAH 100 million (c.USD 2.7 million) to support demining operations in the country.

Kyivstar Raises UAH100 million to Support Ukraine's Demining

VEON Ltd. VEON, +0.36% VEON, +5.84% has finalized a sale agreement to exit Russia, the Netherlands-based internet services provider announced Wednesday. The company has agreed with the buyer, which is owned by certain senior members of the PJSC Vimpelcom management team, amendments to the sale and purchase agreement for its Russian operations.

VEON finalizes sale agreement to exit Russian operations

Amsterdam, 13 September 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services (“the Company”), today announces that it has agreed with the buyer, owned by certain senior members of PJSC Vimpelcom management team, amendments to the sale and purchase agreement in connection with the sale of its Russian operations. The agreed amendments have no material impact on the economic terms of the original transaction announced on 24 November 2022.

VEON finalizes sale agreement to exit Russia

Amsterdam, 13 September 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, and its subsidiary, VEON Holdings B.V. (“the Company”), today issued two redemption notices for the early payment of the Company's bonds maturing in December 2023 and June 2024.

VEON notifies bondholders of early payment of its 2023 and 2024 notes

Tashkent, 11 September 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that its digital operator Beeline Uzbekistan has completed the first phase of its network upgrades which will support the 4G experience on its network, enabling the company to take the benefits of its digital operator strategy to all corners of the country.

Beeline Uzbekistan enhances its 4G network, supporting digital operator services across the country

VEON Group Announces Vesting of Share Award for the Group CEO Amsterdam, 7 September 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces vesting of management share awards to Group Executive Committee member, Group Chief Executive Officer, Kaan Terzioglu as part of the VEON Group CEO share award announced in September 2022.

VEON Group Announces Vesting of Share Award for the Group CEO

Amsterdam, 6 September 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services (“the Company”), announces that it has issued a CEO Letter to current and potential investors, confirming the unhindered trading of its shares and offering the Company's support to investors if they experience arbitrary obstacles to trading.

VEON confirms unhindered trading of its shares, offers support to its investors

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Amsterdam, 29 August 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, following the release of its 2Q23 trading update on 3 August 2023, today discloses unaudited interim condensed consolidated financial statements as of and for the three-month period ended 30 June 2023 and the six-month period ended 30 June 2023 for VEON Ltd. and its wholly-owned subsidiary, VEON Holdings B.V. (the “Financial Statements”).

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