Veon Ltd Stock Price, News & Analysis

Kyivstar Group Ltd., Ukraine's leading digital operator and subsidiary of VEON (NASDAQ: VEON), has completed its business combination with Cohen Circle Acquisition Corp. I. The combined company will begin trading on Nasdaq on August 15, 2025, under the ticker symbols "KYIV" and "KYIVW", becoming the first pure-play Ukrainian investment opportunity in U.S. stock markets.

Following the transaction, which received strong investor support with only 25.4% redemption rate and secured USD 178 million in proceeds, VEON maintains an 89.6% stake in Kyivstar Group. The company serves nearly 23 million mobile customers and 1.1 million fixed connectivity users, offering digital services including healthcare platform Helsi, Kyivstar TV, and ride-hailing platform Uklon. Kyivstar also provides enterprise services and plans to launch Starlink Direct to Cell services in Q4 2025.

VEON Ltd. (Nasdaq: VEON) has completed the sale of its 50.1% indirect stake in Sky Mobile LLC (Beeline Kyrgyzstan) to state-owned Eldik Bank. The transaction occurred after the Kyrgyz Government exercised its right of first refusal, following VEON's initial intent to sell to CG Cell Technologies in March 2024.

The divestment aligns with VEON's strategy to simplify its group structure and optimize its portfolio, focusing on markets with larger populations and opportunities for scalable digital businesses. The sale was executed through Menacrest AG, with Eldik Bank paying the full transaction value upon completion.

VEON (NASDAQ:VEON) announced that its Ukrainian subsidiary Kyivstar has successfully completed the first field test of Starlink Direct to Cell technology in Eastern Europe. The test, conducted in the Zhytomyr region, demonstrated successful message exchange between Kyivstar's CEO and Ukraine's Minister of Digital Transformation using standard 4G smartphones connected directly to Starlink satellites.

Kyivstar and Starlink plan to commercially launch Direct to Cell connectivity in Q4 2025, initially offering messaging services, with video communication capabilities under development. This initiative aims to provide reliable connectivity in areas where traditional networks are unavailable, particularly crucial in humanitarian and crisis situations.

The announcement also mentions VEON's progress towards listing Kyivstar Group Ltd on Nasdaq under the ticker symbol KYIV through a business combination with Cohen Circle Acquisition Corp I.

VEON Ltd. (Nasdaq: VEON) has announced the opening of Beeline Kazakhstan's new headquarters in Almaty, Kazakhstan's business hub. The purpose-built facility will accommodate 500 professionals from across VEON's ecosystem, including Beeline and QazCode teams.

The new office space is designed to enhance cross-functional collaboration between telecom, AI, and digital services teams, aimed at accelerating innovation and improving customer experience. The facility was inaugurated by VEON's top executives, including Chairman Augie Fabela and Group CEO Kaan Terzioglu, demonstrating the company's commitment to Kazakhstan's digital transformation.

VEON Ltd. (NASDAQ: VEON), a global digital operator, has scheduled the release of its 2Q25 and H1 2025 financial and operating results for August 7, 2025, at 8:00 GST (0:00 EST).

The company will host a results conference call with senior management at 16:00 GST (8:00 EST) on the same day. VEON is implementing an enhanced shareholder engagement approach by partnering with Say Technologies to facilitate Q&A submissions from both retail and institutional shareholders starting July 31, 2025.

VEON Ltd. (Nasdaq: VEON) and Cohen Circle Acquisition Corp. (Nasdaq: CCIR) have secured non-redemption agreements totaling $52.3 million for the proposed Kyivstar Group listing. The agreements, involving institutional investors Helikon and Clearline, cover approximately 5.05 million CCIR Class A shares.

The business combination is expected to close in Q3 2025, subject to shareholder approval and other conditions. Upon completion, Kyivstar Group will be listed on Nasdaq under the ticker "KYIV", becoming the first pure-play Ukrainian company listed on a U.S. stock exchange.

VEON (NASDAQ:VEON) has successfully priced a USD 200 million private placement of senior unsecured notes due in 2029. The notes, to be issued by VEON MidCo B.V., will carry a 9.000% annual interest rate and are priced at par, with an expected credit rating of BB- from S&P and Fitch.

The notes will be guaranteed by VEON Amsterdam B.V. and will rank equally with VEON HQ's outstanding debt. Settlement is expected on July 15, 2025, subject to customary closing conditions. The proceeds will be used for general corporate purposes and capital structure optimization.

VEON's Ukrainian subsidiary Kyivstar has achieved a significant milestone in advancing Direct-to-Cell (D2C) services through successful integration with Starlink and regulatory approval for testing. The company completed successful testing of Kyivstar SIM card compatibility with Starlink's satellite network in the US, and received approval from Ukraine's NCEC for field testing. The planned D2C service launch is set for Q4 2025, initially supporting SMS and OTT messaging. Field testing will begin in select Ukrainian regions this summer, focusing on text message services. This initiative aims to enhance connectivity in areas affected by infrastructure damage, rural regions, and during emergencies. Kyivstar has already allocated necessary spectrum and is preparing infrastructure for full integration.

VEON's Ukrainian subsidiary Kyivstar has partnered with Ukraine's Ministry of Digital Transformation to develop the country's first national large language model (LLM). This initiative is part of VEON's USD 1 billion investment commitment to rebuild Ukraine's digital infrastructure during 2023-2027. The Ukrainian LLM will be developed using open-source architectures and trained exclusively on Ukrainian data sources, focusing on local dialects, terminology, history, and cultural context. The project aims to ensure sensitive national data remains securely stored within Ukraine. Scheduled for release by December 2025, the LLM will power AI applications across sectors including government, defense, healthcare, finance, and education. This development follows VEON's similar initiatives in Kazakhstan with KazLLM and ongoing efforts in Pakistan for an Urdu language model.