VEON Community

The upcoming Kyivstar listing is far more than a financial transaction. By carving out Ukraine’s leading mobile and digital player and floating it on Nasdaq through a reputable partner like Cohen Circle Acquisition Corp.

Key Takeaways Exposure to unstable markets and rising competition from digital-first entrants threaten revenue consistency, margins, and VEON's ability to secure future share in fintech and digital services. Currency volatility, inflation, and asset-light local structures increase operational risk, potentially weakening earnings, limiting investment flexibility, and compressing long-term profitability.

Key Takeaways VEON's ecosystem and digital service focus enable high-margin growth and greater user engagement, setting it apart from traditional telecom competitors in emerging markets. Strategic financial moves, including asset monetization and segment IPOs, offer headroom for reinvestment and could drive a rerating of the company's value.

Key Takeaways Expansion in digital services and focus on young, urban markets are driving subscriber growth, high-margin revenues, and improved earnings quality. Asset-light restructuring and digital asset monetization efforts are freeing capital, boosting operational efficiency, and unlocking shareholder value.