Welcome to our dedicated page for Veon news (Ticker: VEON), a resource for investors and traders seeking the latest updates and insights on Veon stock.
VEON Ltd. (Nasdaq: VEON) is a United Arab Emirates-based digital operator active in wireless telecommunications and digital services across Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The VEON news page on Stock Titan aggregates company announcements, operating company updates, and regulatory communications that illustrate how the group is developing connectivity, digital services, and financial solutions in its core markets.
Recent news highlights VEON’s focus on next-generation connectivity and network resilience. Kyivstar in Ukraine has launched Starlink Direct to Cell satellite connectivity services and a 5G pilot zone in Lviv, while Beeline Kazakhstan has tested Starlink Direct to Cell for voice and messaging. Kyivstar has also invested in solar power generation as part of its energy resilience strategy. These stories show how VEON’s operating companies are combining terrestrial and satellite networks and investing in infrastructure to support reliable communications.
VEON’s news flow also covers digital financial services and financial inclusion. Mobilink Microfinance Bank in Pakistan has launched Islamic banking operations, and Banglalink in Bangladesh has received regulatory approval to operate as a payment service provider, enabling digital payment and money transfer services. Group-level announcements include VEON’s transfer to the Nasdaq Global Select Market and its inclusion in major equity indices such as the S&P Global Broad Market Index and the MSCI Ukraine Index.
Investors and followers of VEON can use this news page to review official press releases on connectivity initiatives, digital financial services, capital markets milestones, and corporate transactions involving VEON and its operating companies. The page provides a centralized view of how VEON’s strategy is reflected in concrete projects and regulatory developments across its five markets.
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VEON Ltd. has launched its dedicated advertising technology company, VEON AdTech, headquartered in Tashkent, Uzbekistan. This move supports VEON's digital operators to tap into the projected USD 1.3 billion digital advertising market across its operational countries. VEON AdTech will leverage machine-learning algorithms to deliver targeted digital marketing services, enhancing local economies. The initiative aligns with Uzbekistan's Digital Uzbekistan 2030 strategy, fostering a skilled digital workforce. VEON AdTech aims to support both international and local brands in reaching their audiences effectively, ensuring consumer data privacy through its MobileID technology. This advancement reflects VEON's commitment to expanding its digital capabilities in a rapidly evolving market.
VEON Ltd. has appointed Jagan Mohan as the new Group Head of Internal Audit, effective 1st May 2023. Mohan, previously the Group Director of Internal Audit, brings 25 years of experience across various industries, including telecoms and FMCG. This appointment coincides with the transition of Joop Brakenhoff to the role of Group Chief Financial Officer, also effective on the same date. Mohan will report to Kaan Terzioglu, Group CEO, and Michiel Soeting, Chairman of the Audit and Risk Committee. The changes aim to enhance governance standards and improve operations through an effective internal audit function.
VEON Holdings B.V. announces the results of the 2023 Put Option for its USD 529.32 million 5.95% October 2023 Notes and USD 700 million 7.25% December 2023 Notes. The Put Option Period opened on April 5, 2023, and closed on April 19, 2023. Holders validly exercised a total of USD 165.38 million for the October Notes and USD 293.75 million for the December Notes. After the settlement on April 26, 2023, the outstanding principal amounts will be USD 363.94 million for the October Notes and USD 406.25 million for the December Notes. This action is part of VEON's strategy to manage its debt obligations.
VEON Ltd. (NASDAQ: VEON) announced on April 20, 2023, that its Kyrgyzstan subsidiary, Beeline Kyrgyzstan, has achieved ISO/IEC 27001:2013 certification from the British Standards Institute. This certification reflects a commitment to high standards in information security management systems, ensuring the protection of data assets for corporate, individual clients, and employees.
Kaan Terzioglu, CEO of VEON Group, emphasized the importance of cybersecurity in their operations, while Andrey Pyatakhin, CEO of Beeline Kyrgyzstan, highlighted the achievement as proof of the organization’s dedication to data security. The certification underscores VEON's ongoing efforts to enhance its security measures amid the increasing digitalization of its markets.
VEON Ltd. announced a significant increase in share ownership for its management following the completion of management share awards as part of its incentive programs initiated in February 2022. On April 14, 2023, the company disclosed that five members of its Group Executive Committee received a total of 154,876 shares under the Short-Term Incentive (STI) scheme and 643,286 shares through the Long-Term Incentive (LTI) plan. The LTI plan aligns executive remuneration with long-term value creation tied to performance metrics. The shares from the STI plan are deferred into shares for a two-year vesting period starting from March 15, 2023. The announcement underscores VEON's commitment to aligning management interests with those of its shareholders.