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VEON Delegation Attends 2024 YES Annual Meeting, Discusses Investment and Continued Commitment to Serving Ukraine

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VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, and its subsidiary Kyivstar participated in the 2024 Yalta European Strategy (YES) Annual Meeting in Kyiv. The VEON delegation, including Board Chairman Augie Fabela and former US Secretary of State Mike Pompeo, emphasized the importance of Western support for Ukraine's future and the private sector's role in reconstruction.

VEON reaffirmed its commitment to invest USD 1 billion in Ukraine's telecommunication and digital infrastructure from 2023 to 2027. Kyivstar, VEON's wholly owned subsidiary, was named the top international investor in Ukraine for 2022 and 2023. The company highlighted its role in keeping Ukrainians connected and building energy-resilient solutions for uninterrupted communication services.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), un operatore digitale globale, insieme alla sua controllata Kyivstar, ha partecipato all'Incontro Annuale della Yalta European Strategy (YES) 2024 a Kyiv. La delegazione di VEON, composta dal Presidente del Consiglio Augie Fabela e dall'ex Segretario di Stato degli Stati Uniti Mike Pompeo, ha sottolineato l'importanza del sostegno occidentale per il futuro dell'Ucraina e il ruolo del settore privato nella ricostruzione.

VEON ha ribadito il proprio impegno a investire 1 miliardo di dollari nell'infrastruttura delle telecomunicazioni e digitale dell'Ucraina dal 2023 al 2027. Kyivstar, la controllata interamente posseduta da VEON, è stata nominata miglior investitore internazionale in Ucraina per il 2022 e il 2023. L'azienda ha evidenziato il suo ruolo nel mantenere connessi gli ucraini e nel costruire soluzioni energetiche resilienti per servizi di comunicazione ininterrotti.

VEON (Nasdaq: VEON, Euronext Ámsterdam: VEON), un operador digital global, y su filial Kyivstar participaron en la Reunión Anual de la Estrategia Europea de Yalta (YES) 2024 en Kyiv. La delegación de VEON, que incluye al Presidente de la Junta Augie Fabela y al ex Secretario de Estado de EE. UU. Mike Pompeo, enfatizó la importancia del apoyo occidental para el futuro de Ucrania y el papel del sector privado en la reconstrucción.

VEON reafirmó su compromiso de invertir 1.000 millones de dólares en la infraestructura de telecomunicaciones y digital de Ucrania desde 2023 hasta 2027. Kyivstar, la filial de propiedad total de VEON, fue nombrada el principal inversor internacional en Ucrania para 2022 y 2023. La empresa destacó su papel en mantener a los ucranianos conectados y en construir soluciones energéticas resilientes para servicios de comunicación ininterrumpidos.

VEON (Nasdaq: VEON, Euronext 암스테르담: VEON)과 그 자회사인 Kyivstar는 키예프에서 열린 2024년 얄타 유럽 전략(YES) 연례 회의에 참석했습니다. VEON 대표단은 이사회 의장 Augie Fabela와 전 미 국무장관 Mike Pompeo를 포함하여, 우크라이나의 미래에 대한 서방의 지원의 중요성과 재건을 위한 민간 부문의 역할을 강조했습니다.

VEON은 2023년부터 2027년까지 우크라이나의 통신 및 디지털 인프라에 10억 달러를 투자하겠다는 약속을 재확인했습니다. 완전 자회사인 Kyivstar는 2022년과 2023년 우크라이나에서 최고의 국제 투자자로 선정되었습니다. 이 회사는 우크라이나 국민들이 연결 상태를 유지하고 중단 없는 통신 서비스를 위한 에너지 회복력 솔루션을 구축하는 역할을 강조했습니다.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), un opérateur numérique mondial, et sa filiale Kyivstar ont participé à la Réunion Annuelle de la Yalta European Strategy (YES) 2024 à Kyiv. La délégation de VEON, comprenant le Président du Conseil Augie Fabela et l'ancien Secrétaire d'État américain Mike Pompeo, a souligné l'importance du soutien occidental pour l'avenir de l'Ukraine et le rôle du secteur privé dans la reconstruction.

VEON a réaffirmé son engagement à investir 1 milliard de dollars dans les infrastructures de télécommunications et numériques de l'Ukraine de 2023 à 2027. Kyivstar, la filiale entièrement détenue de VEON, a été nommée meilleur investisseur international en Ukraine pour 2022 et 2023. L'entreprise a mis en avant son rôle dans le maintien de la connectivité des Ukrainiens et le développement de solutions énergétiques résilientes pour des services de communication ininterrompus.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), ein globaler digitaler Betreiber, und seine Tochtergesellschaft Kyivstar nahmen am jährlichen Treffen der Yalta European Strategy (YES) 2024 in Kiew teil. Die Delegation von VEON, darunter Vorstandsvorsitzender Augie Fabela und der ehemalige US-Außenminister Mike Pompeo, betonte die Bedeutung der westlichen Unterstützung für die Zukunft der Ukraine und die Rolle des Privatsektors beim Wiederaufbau.

VEON bekräftigte sein Engagement, 1 Milliarde USD in die Telekommunikations- und digitale Infrastruktur der Ukraine von 2023 bis 2027 zu investieren. Kyivstar, die zu 100 % im Besitz von VEON ist, wurde für 2022 und 2023 als top internationaler Investor in der Ukraine ausgezeichnet. Das Unternehmen hob seine Rolle hervor, die Ukrainer verbunden zu halten und energie-resiliente Lösungen für unterbrechungsfreie Kommunikationsdienste zu entwickeln.

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  • VEON committed to invest USD 1 billion in Ukraine's telecom and digital infrastructure from 2023 to 2027
  • Kyivstar named top international investor in Ukraine for 2022 and 2023
  • VEON's subsidiary Kyivstar serves 23.4 million mobile and 1.1 million fixed-line customers in Ukraine
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  • None.

Kyiv, 16 September 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, together with its 100%-owned subsidiary Kyivstar, participated in the 2024 Yalta European Strategy (YES) Annual Meeting, which focused on Ukraine’s European future and global context.

The VEON delegation, which included the VEON’s Board Chairman and Founder Augie Fabela, VEON and Kyivstar Board member and 70th US Secretary of State Mike Pompeo, Kyivstar CEO Oleksandr Komarov, as well as VEON Group Director of Corporate Affairs Marine Babayan, attended the conference held in Kyiv last week.

Secretary Pompeo joined a panel moderated by former President of Poland Aleksander Kwasniewski on “Ukraine’s Role in Creating a Safe World”, alongside the Head of the Office of the President of Ukraine Andrii Yermak, former British Prime Minister Boris Johnson and a former Minister of Defence of The Netherlands Kajsa Ollongren. Secretary Pompeo also addressed the YES Annual Meeting in a session titled “A Conversation with Mike Pompeo: Future of the US-Ukraine relationship” moderated by CNN’s Fareed Zakaria.

In their engagements, including one-on-one meetings with government and business leaders, the VEON delegation emphasized the importance of continued Western support to Ukraine’s future. The VEON delegation also noted the role integral role of the private sector, in partnership with the Government and civil society, in Ukraine’s reconstruction. Earlier this year, at the Ukraine Recovery Conference held in Berlin, VEON announced its commitment to invest USD 1 billion over the five-year period from 2023 through 2027 for the rebuilding of Ukraine’s telecommunication and digital infrastructure. VEON, through its wholly owned subsidiary Kyivstar, was named the top international investor in Ukraine in 2022 and 2023 by Forbes Ukraine and New Voice of Ukraine.

“We hope that VEON's commitment to invest USD 1 billion in Ukraine stands as an example that other foreign investors will follow. The private sector will be indispensable in shaping Ukraine’s recovery, and we are fully committed to building a stronger, more resilient economy," said Augie Fabela, VEON Board Chairman and Founder. "Being on the ground in Ukraine was essential to engage with key decision-makers and participate in the broader geopolitical conversation. We highlighted the crucial role of VEON and Kyivstar in keeping Ukrainians connected, as well as our leadership in building energy resilient solutions to ensure uninterrupted communication and digital services in all circumstances.”

The YES Forum fosters new ideas for the future of Ukraine and for 20 years has facilitated dialogue between leaders from Ukraine, the EU, the US and beyond by bringing together various heads of state, government officials, as well as decision makers and thought leaders.

VEON is the parent company and the sole owner of Kyivstar, the largest telecommunications operator in Ukraine, which serves 23.4 million mobile and 1.1 million fixed-line customers and has kept Ukraine connected through the extremely challenging conditions of the war. 

About VEON

VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. Headquartered in Amsterdam, VEON is listed on Nasdaq and Euronext. For more information visit: www.veon.com 

Disclaimer 

This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s corporate social responsibility and investment plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
Contact Information 

VEON  
Hande Asik
Group Director of Communications  
pr@veon.com


FAQ

What investment has VEON committed to Ukraine?

VEON has committed to invest USD 1 billion in Ukraine's telecommunication and digital infrastructure over a five-year period from 2023 through 2027.

Who participated in the VEON delegation at the 2024 YES Annual Meeting?

The VEON delegation included Board Chairman Augie Fabela, former US Secretary of State Mike Pompeo, Kyivstar CEO Oleksandr Komarov, and VEON Group Director of Corporate Affairs Marine Babayan.

What recognition did Kyivstar receive as an investor in Ukraine?

Kyivstar, VEON's wholly owned subsidiary, was named the top international investor in Ukraine for both 2022 and 2023 by Forbes Ukraine and New Voice of Ukraine.

How many customers does VEON's subsidiary Kyivstar serve in Ukraine?

Kyivstar serves 23.4 million mobile and 1.1 million fixed-line customers in Ukraine.

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