VEON News
VEON Ltd., a global digital operator that provides converged connectivity and online services, announces its intention to voluntarily delist from Euronext Amsterdam (the Delisting). VEON is also pleased to inform its shareholders and the investment community that it intends to initiate a buyback program for up to USD 100 million concerning its American Depositary Shares (ADS) following the Delisting. Delisting process The Delisting and the resulting sole listing on Nasdaq, a global inde...
VEON Ltd., a global digital operator that provides converged connectivity and online services, announces that Jazz, its digital operator in Pakistan, has secured the country’s largest long-term private sector syndicated credit facility of up to PKR 75 billion (c. USD 270 million). This 10-year financing arrangement will power Jazz’s growth ambitions as the country’s pioneering provider of 4G connectivity and digital services to millions of consumers and enterprises. Banking c...
VEON Ltd., a global digital operator that provides converged connectivity and online services, announces that its wholly-owned subsidiary Kyivstar continues to invest in resilient connectivity for Ukraine, with plans to deploy an additional 848 industrial generators and 61,766 batteries to enable service continuity during the extended blackouts caused by attacks on Ukraine’s energy infrastructure. generators and batteries From the outset of the war, resilience has been a major focus of K...
VEON Ltd., a global digital operator that provides converged connectivity and online services (“VEON” or the “Company”), is pleased to announce that, following the consent of its respective bondholders and the receipt of a license from U.S. Treasury’s Office of Foreign Assets Control (OFAC), it has now amended the original VEON Holdings B.V. notes due April 2025, June 2025 and November 2027 (collectively, the “Original Notes”). VEON Holdings will...
VEON Ltd., a global digital operator that provides converged connectivity and online services, held its Annual General Meeting (AGM), during which the Company’s shareholders approved the recommended slate of seven Directors as VEON’s new Board of Directors (the Board). the new Board VEON welcomes former U.S. Secretary of State Michael R. Pompeo, Sir Brandon Lewis, and Duncan Perry, who will serve alongside the incumbent Directors - Augie K Fabela II, Andrei Gusev, Michiel Soeting,...
VEON Ltd., a global digital operator that provides converged connectivity and online services, announces that it has signed an agreement for the sale of its 49% stake in Kazakh wholesale telecommunications infrastructure services provider - TNS Plus LLP (TNS+) to its JV partner, the DAR group of companies. telecommunication services TNS+ is an international operator providing a wide range of telecommunication services in voice, internet access, data transmission, transparent digital chan...
VEON Ltd., a global digital operator that provides converged connectivity and online services, (“VEON”), confirms that on May 20, 2024, it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Annual Report on Form 20-F for the year ended December 31, 2023 (the “2023 20-F”), the Company is not in compliance with the timely filing re...
VEON Ltd., a global digital operator that provides converged connectivity and online services, announces that Banglalink, its digital operator in Bangladesh, has signed a Memorandum of Understanding (MoU) with Robi, the second largest mobile operator in Bangladesh and a subsidiary of Axiata Group, to explore potential sharing and optimization of network resources, aiming to expand 4G coverage and enhance network performance. Infrastructure sharing promotes an “asset-light” business...
VEON Ltd., a global digital operator that provides converged connectivity and online services, is delighted to announce that it has signed a Memorandum of Understanding (MoU) with Beeline Kazakhstan, the GSMA and the Barcelona Supercomputing Center - Centro Nacional de Supercomputacion (BSC-CNS) to explore collaboration on the development of artificial intelligence and language technologies for languages with low digital resources. The parties will explore collaboration opportunities focu...
VEON Ltd., a global digital operator that provides converged connectivity and online services announces that its digital operator Banglalink has become the first in Bangladesh to phase out 3G services, as part of its strategy to enhance 4G performance throughout the country through reallocation of network resources. The 3G phase-out follows extensive investment by Banglalink in next-generation 4G networks to provide high-quality nationwide connectivity and accelerate the use of digital se...
VEON Ltd., a global digital operator that provides converged connectivity and online services, announces that its digital operator Beeline Kazakhstan together with IT subsidiary QazCode, one of the country’s largest software firms, has hosted the 2024 Beetech Conference in Almaty to discuss the future of AI, big data and application development. Beetech conference Attended by more than 1,000 delegates, the Beetech conference in Almaty heard from over 30 experts and speakers from various...
VEON Ltd., a global digital operator that provides converged connectivity and online services, announces that Banglalink, its innovative digital service provider in Bangladesh, has received a unified license from the Bangladesh Telecommunication Regulatory Commission (BTRC). unified license The newly issued license combines existing authorizations to use 2G, 3G, and 4G standards, making Banglalink’s licenses technology-agnostic across these three generations, and can also be used f...