VEON - Experts & Thought Leaders

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 index for technology companies, will simplify and streamline the Company’s reporting requirements. VEON expects the Delisting process to take place in the fourth quarter of 2024, following and subject to the filing of its annual report on Form 20-F (the “20-F”). Further information about the process will be released following the filing of the 20-F, with a period of 30 to 40 days from the date of that announcement until the date of the Delisting.   smooth transition VEON intends to initiate a buyback program for up to USD 100 million of its ADSs VEON anticipates that the Delisting will be in the best interests of the Company as a whole, including both its current and potential investors; and would like to thank its Euronext Amsterdam investors for their support. The Company will endeavor to ensure a smooth transition for its shareholders during the Delisting process. Following the completion of its transition to a sole listing on Nasdaq, VEON intends to initiate a buyback program for up to USD 100 million of its ADSs. American Depositary Shares The Company believes that its ADSs have been trading at a price which does not adequately reflect their value about the Company's current operations; and that the purchase of ADSs for other corporate purposes represents an opportunity.   The timing and specifics of the ADS buybacks will be determined by the Company's management and Board of Directors in due course, and will be subject to liquidity considerations, market conditions, applicable legal requirements, and other factors.

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 consortium  The banking consortium was led by The Bank of Punjab and other major financial institutions The banking consortium was led by The Bank of Punjab, along with the following other prominent financial institutions that act as mandated lead advisors and arrangers: Habib Bank, Bank Alfalah, Meezan Bank, MCB Bank, Allied Bank, Askari Bank, Habib Metropolitan Bank, Soneri Bank, Bank Islami Pakistan and MCB Islamic Bank. The signing of the credit facility, originally entered into in May 2024, was marked with a ceremony held in Karachi in the presence of VEON Group CEO Kaan Terzioglu, Jazz CEO Aamir Ibrahim, and the Presidents, Chairs, and Chief Executives of the participating banks. Cutting-edge digital infrastructure "This credit facility will be a game-changer for Pakistan's digital landscape helping us accelerate the deployment of cutting-edge digital infrastructure, focusing on services that Pakistan need to realize the potential of its young and dynamic population and vibrant business landscape. I would like to thank our distinguished partners in the banking consortium for seeing the immense growth potential that Jazz’s value proposition entails for Pakistan." "I would also like to congratulate the Jazz team for the successful delivery of services to millions of Pakistanis that has fuelled the robust growth of our Pakistan operations. This agreement is a further sign of the trust and the support that Jazz enjoys as the pioneering digital growth engine of the country,” said Kaan Terzioglu, Group CEO of VEON. Delivering innovative solutions “This landmark syndicated credit facility will help expand and enhance our digital infrastructure across Pakistan, as we transition from a telco to a ServiceCo and invest in sunrise industries like cloud, software, and financial services in addition to consumer connectivity. I would like to thank The Bank of Punjab and our esteemed banking consortium partners for their unwavering support and confidence in Jazz's vision." "This financing arrangement reaffirms our commitment to driving Pakistan's digital transformation as our focus remains on delivering innovative solutions that empower individuals and businesses, fostering socio-economic growth," said Aamir Ibrahim, CEO of Jazz. Growth of the telecom industry “Pioneering this landmark transaction in the telecom sector exemplifies our strategic focus on digital transformation in Pakistan. Our partnership with Jazz underscores The Bank's dedication to advancing technological progress and supporting the growth of the telecom industry." "This deal is a testament to our commitment to driving innovation and fostering economic development in the country,” said Zafar Masud, President and CEO of The Bank of Punjab.

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 Kyivstar’s strategy to maintain crucial communication services and safeguard digital operations. Kyivstar has deployed 2,322 generators and 115,000 four-hour duration batteries at base stations to provide backup power during blackouts. The announcement that Kyivstar plans to deploy an additional 848 stationary industrial generators and 61,766 new batteries is a further investment building on the earlier efforts to support the business continuity of the operator’s network.   energy resilience "Energy resilience and preparedness against blackouts have been at the center of our investment priorities since the end of 2022. Consistent and significant investment of over USD 24 million over the last two years has helped us improve energy resilience," explains Oleksandr Komarov, CEO of Kyivstar.  "However, the changing nature of threats to Ukraine’s energy infrastructure and extended blackouts now necessitate a reinforcement in our strategy. This second wave of focus on energy resilience will enable Kyivstar to support critical connectivity with even further resources dedicated to energy resilience." power backup systems The power backup systems will be deployed throughout the country, including at critical facilities that require at least three days of generating capacity in the event of a comprehensive power outage.  VEON and Kyivstar, which was recently named Ukraine’s largest foreign investor in 2022 and 2023 by Forbes Ukraine, announced their commitment to invest USD 1 billion in Ukraine over five years from 2023 to 2027 at the Ukraine Recovery Conference in Belin. Kyivstar was recognized at MWC 2024 with the GSMA’s Global Mobile Award for “Best Mobile Innovation Supporting Emergency or Humanitarian Situations” for its Network Resilience Project which has overcome significant challenges to keep Ukraine connected through voice, data, and digital services.