Under the agreement, VEON's infrastructure assets housed under Deodar (Private) Limited, wholly owned by VEON through its subsidiary Pakistan Mobile Communications Limited, will vest into Engro Connect, an Engro Corp's subsidiary, via a scheme of arrangement. The companies have secured the necessary regulatory approvals, including from the Competition Commission of Pakistan, the Pakistan Telecommunication Authority, and the Islamabad High Court. The scheme of arrangement and related settlements are expected ...

Dubai and Tashkent, May 20, 2025:  VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” and together with its subsidiaries, the “Group”), announces that its digital operator Beeline Uzbekistan celebrated the opening of its new headquarters in the Tashkent IT Park on May 20th. The new Beeline Uzbekistan headquarters in IT Park will be home to Beeline Uzbekistan’s employee base of around 2,000, including the operator’s digital services teams, VEON AdTech and Beelab (the developer of Beeline Uzbekistan’ ...

1 VEON 1Q25 RESULTS PRESENTATION 15 May 2025 • STRONG START TO 2025 • DIRECT DIGITAL REVENUES SURGE 50%, DRIVING GROWTH 1Q25 Results |1 | 1. OPENING | | Anand Ramachandran | | --- | --- | --- | | 2. HIGHLIGHTS & BUSINESS UPDATE | | Kaan Terzioğlu | | 3. 1Q25 FINANCIAL RESULTS | | Burak Ozer | | 4. 2025 OUTLOOK | | Kaan Terzioğlu | | 5. Q&A | Kaan Terzioğlu, Burak Ozer, Anand Ramachandran | | AGENDA 1Q25 Results |2 2 DISCLAIMER VEON's results and other financial information presented in this document are, un ...

VEON (VEON) Q1 2025 Earnings Call May 15, 2025 12:00 AM ET Company Participants Anand Ramachandran - Corporate Development OfficerKaan Terzioğlu - Group Chief Executive OfficerBurak Ozer - Group CFOBilal Khan - VP - Senior Sales & Portfolio ManagerDavid-Mickael Lopes - Communications Services Conference Call Participants Matthew Harrigan - Senior AnalystNone - AnalystAli Zaidi - Equity Research AnalystAhmed Mostafa - Investment Analyst Operator Hello, and welcome to VEON's First Quarter twenty twenty five R ...

VEON (VEON) Q1 2025 Earnings Call May 15, 2025 12:00 AM ET Speaker0 Hello, and welcome to VEON's First Quarter twenty twenty five Results Presentation. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question and answer session. Also, as a reminder, this conference is being recorded today. If you have any objections, please disconnect at this time. Anand Ramachandran, you may begin. Speaker1 Hello. Good afternoon and ...

Core Insights - VEON reported a total revenue growth of 8.9% year-on-year to USD 1,026 million for Q1 2025, with underlying local currency growth at 12.9% [2][9] - EBITDA increased by 13.7% year-on-year to USD 439 million, with a 10.4% increase in underlying local currency terms [4][9] - Direct digital revenue grew significantly by 50.2% year-on-year to USD 147 million, representing 14.3% of total revenues for the quarter [4][9] Financial Performance - The company achieved a year-on-year revenue growth of 8.9% in reported currency and 12.9% in local currency, adjusted for the impact of a cyberattack in Ukraine and the deconsolidation of TNS+ in Kazakhstan [2][3] - EBITDA for the quarter was USD 439 million, reflecting a 13.7% increase in reported currency and a 10.4% increase in underlying local currency terms [4][9] - Total cash and cash equivalents as of March 31, 2025, amounted to USD 1,775 million, with net debt to LTM EBITDA declining to 1.23x [5][9] Capital Expenditure and Outlook - Capex increased by 8.3% year-on-year, with a capex intensity of 13.1% [5] - The company maintains its FY25 outlook, expecting underlying local currency revenue growth of 12% to 14% and EBITDA growth of 13% to 15% [6] Share Buyback Program - VEON commenced the second phase of its share buyback program in March 2025, amounting to up to USD 35 million, following the completion of the first phase [7] Strategic Focus - The company emphasizes disciplined execution and innovation, aiming to enhance customer experiences through technology-driven services [10][11]

Core Insights - VEON Ltd. has partnered with GSMA Advance to become the inaugural member of the People Excellence Partner program, emphasizing its commitment to employee upskilling and knowledge advancement [1][2] - The partnership will provide VEON employees access to a variety of learning courses, enabling them to achieve certifications in critical areas such as 5G, IoT, mobile privacy, and regulatory best practices [3][4] - This initiative aligns with VEON's strategic move to Dubai, aiming to leverage the local talent pool and enhance its workforce capabilities in high-tech disciplines [4] Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, representing over 7% of the global population, and focuses on technology-driven services that promote economic growth [5] - The company is listed on Nasdaq and is dedicated to transforming lives through its digital services [5] GSMA Overview - GSMA represents the interests of mobile operators globally, uniting over 750 operators and nearly 400 companies in the mobile ecosystem [5] - The organization is known for hosting major industry events, including the Mobile World Congress (MWC) and the Mobile 360 Series [5]

VEON Shareholders Re-elect Board at 2025 AGM, Founder Augie Fabela to Serve as Chairman VEON Shareholders Re-elect Board at 2025 AGM, Founder Augie Fabela to Serve as Chairman.jpg New York and Dubai, May 8, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), today held its Annual General Meeting (AGM) in New York City at Nasdaq Stock Market, where the Company is listed. With the AGM, the Company’s shareholders approved the recommended slate of seven directors as VEON’s i ...

Dubai and Astana, May 07, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ("VEON" and together with its subsidiaries, the "Group"), announces that QazCode, its Kazakh software development company, has signed a Memorandum of Understanding (MoU) with Seekr, an artificial intelligence (AI) technology provider, to develop and implement AI-powered business-to-business (B2B) solutions across QazCode's operations. To accelerate its development of augmented intelligence solutions for use across all of VEO ...

VEON to release 1Q 2025 trading update on May 15, 2025 Dubai, May 2, 2025 – VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms that the Group will release its selected financial and operating results for the first quarter ended March 31, 2025, at or around 8:00 GST (0:00 EST) on May 15, 2025. VEON will also host a results conference call with senior management at 16:00 GST (8:00 EST) on the same day. 1Q25 results conference call To register and access the event, please click here or copy an ...