Statement by VEON Board Of Directors

Rhea-AI Summary

VEON, an international telecommunications company, emphasizes its commitment to employee safety and connectivity services amidst the humanitarian crisis in Ukraine. With operations in nine countries, VEON serves nearly 220 million customers, a third of whom are in Ukraine and Russia. The company has over 33,000 employees in these regions. The Board of Directors calls for a peaceful resolution to the conflict and is actively communicating with stakeholders regarding the situation.

Positive

• Commitment to employee safety and well-being.
• Diverse international presence with a large customer base.
• Call for a peaceful resolution, showing corporate responsibility.

Negative

• Potential risk to operations in conflict zones.
• Concerns over disruptions in service delivery in Ukraine and Russia.

AMSTERDAM, March 16, 2022 /PRNewswire/ --

Dear Stakeholders,

VEON is a Nasdaq and Euronext listed major international telecommunications company headquartered in the Netherlands. VEON has a diverse investor base with no controlling shareholder, a majority of independent directors and an international management team. Our operations span nine countries where we serve nearly 220 million customers. One third of them are in Ukraine and Russia, where they are supported by 33,000 employees.

Our top priority is to protect the safety and well-being of our employees and their families. Our core mission is to provide our customers with connectivity, access to information and other vital digital services.

We are appalled by the growing humanitarian crisis in Ukraine. VEON calls for a lasting, peaceful resolution of the conflict and an immediate end of hostilities.

We continuously evaluate the developments and are in communication with relevant authorities and other stakeholders.

VEON Board of Directors

March 16, 2022

About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services. For more information visit: www.veon.com

Contact Information
Group Communications Director                                    
Marina Levina                                                    
Marina.levina@veon.com       
+31 20 79 77 200 

Group Investor Relations Director
Nik Kershaw
Nik.kershaw@veon.com

View original content:https://www.prnewswire.com/news-releases/statement-by-veon-board-of-directors-301504509.html

SOURCE VEON Ltd

FAQ

What is VEON's response to the crisis in Ukraine?

VEON emphasizes the safety and well-being of its employees and calls for a peaceful resolution to the conflict.

How many customers does VEON serve in Ukraine and Russia?

VEON serves nearly 220 million customers across nine countries, with approximately one third in Ukraine and Russia.

What is VEON's position regarding its employees in conflict zones?

The company's top priority is to protect the safety and well-being of its 33,000 employees in Ukraine and Russia.

When was the statement by VEON's Board of Directors released?

The statement was released on March 16, 2022.

What markets does VEON operate in?

VEON operates in nine countries, providing connectivity and internet services.