Welcome to our dedicated page for VEON Ltd. news (Ticker: $VEON), a resource for investors and traders seeking the latest updates and insights on VEON Ltd. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VEON Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VEON Ltd.'s position in the market.
Rhea-AI Summary
VEON announces the release of its 1Q 2024 trading update on 16 May 2024, along with a results conference call with senior management. Shareholders can participate in a Q&A session facilitated by Say Technologies to engage with the company's management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
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Rhea-AI Summary
VEON (NASDAQ: VEON), a global digital operator, announced an increase in management's ownership of VEON shares through equity incentive-based compensation plans. Utilizing part of the 92,459,532 common shares issued to VEON Holdings BV on 1 March 2024, the company awarded shares to its top executives under various plans including Short-Term Incentive (STI) 2023, Project Awards, Special Awards, and Long-Term Incentive (LTI) 2024. The awards aim to align management incentives with shareholder returns and company value creation. Key figures include Kaan Terzioglu receiving a significant number of shares across different award types, and similar grants were made to other executive members like Joop Brakenhoff and Omiyinka Doris. The LTI 2024, linked to performance relative to peers, will vest at the end of a three-year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
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Rhea-AI Summary
VEON repays USD 805 million debt under revolving credit facility, reducing interest expenses and improving cash management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
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Rhea-AI Summary
VEON announces the sale of its 50.1% stake in Beeline Kyrgyzstan to CG Cell Technologies, focusing on its digital operator model. The transaction values Beeline Kyrgyzstan at 3.4x 2023 EBITDA. The sale aligns with VEON's strategy to simplify its structure and concentrate on key markets for digital services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
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Rhea-AI Summary
VEON reported strong organic growth in revenue and EBITDA for Q4 and FY 2023, following the execution of VEON 2.0 strategy. Despite a decrease in reported currency terms, the company saw double-digit growth in local currency. VEON's total revenue for Q4 was USD 953 million (+1.4% YoY), with EBITDA at USD 364 million (-20.4% YoY). For FY 2023, revenue was USD 3,698 million (-1.5% YoY), and EBITDA was USD 1,609 million (-7.9% YoY). The company announced strong revenue growth guidance of 16-18% and EBITDA growth guidance of 18-20% for FY 2024, with an emphasis on digital offerings and market expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.41%
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Rhea-AI Summary
VEON 's Banglalink receives unified license in Bangladesh to streamline operations and support future technologies, enhancing customer experience and connectivity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
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Rhea-AI Summary
VEON Ltd. appoints PricewaterhouseCoopers Accountants N.V. for the audit of its consolidated financial statements for 2023 but expects delays in reporting due to difficulties in finding a suitable auditor. The Company anticipates non-compliance with listing requirements and will seek consents for delayed delivery of financial statements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
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Rhea-AI Summary
VEON announces Capital Markets Day on June 6, 2024 for investors and analysts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
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Rhea-AI Summary
VEON's ESG rating upgraded to 'AA' by MSCI, placing the company in the 'Leaders' category among telecommunication services companies. The upgrade reflects VEON's commitment to sustainable and ethical business operations, with a focus on employee engagement, data security, and corporate governance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
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Rhea-AI Summary
VEON Ltd. (NASDAQ: VEON) announces the approval of the issuance of approximately 4.99% of total share capital for equity incentive-based compensation plans. The company will issue 92,459,532 ordinary shares, resulting in a dilutive impact on existing shareholders. The shares will be allocated to support long-term growth and performance, with the largest shareholder, LetterOne, seeing a decrease in ownership percentage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
VEON Ltd.
Nasdaq:VEON
VEON Rankings
VEON Stock Data
1.91B
692.81M
0.06%
23.35%
0.1%
Wireless Telecommunications Carriers (except Satellite)
Information
United States of America
Amsterdam
About VEON
a global tech company aiming to lead the personal internet revolution, bringing new experiences to hundreds of millions of customers in the markets of tomorrow