Aankondiging • Feb 09
Senior management of PJSC Vimpelcom agreed to acquire Russian Operations of VEON from VEON Ltd. (NasdaqCM:VEON). Senior management of PJSC Vimpelcom agreed to acquire Russian Operations of VEON from VEON Ltd. (NasdaqCM:VEON) on February 7, 2023. The transaction is expected to close by June 1, 2023. The Russian Antimonopoly Service has already approved the transaction. Aankondiging • Dec 07
VEON Ltd. Appoints Ana De Kok-Reyes as Group Diversity and Inclusion Officer, Effective January 1, 2023 VEON Ltd. announced that it has established the Group Diversity and Inclusion Officer position as it continues to strengthen commitment to diversity and inclusion. Ana, VEON’s current Director Financial Control, will assume the new role effective of 1st of January 2023 in addition to her current responsibilities. In this capacity she will report to Michael Schulz, Group Chief People Officer and continue to report to Serkan Okandan, Group Chief Financial Officer, on the finance and financial control matters. In her new position Ana will champion initiatives across VEON’s markets of operations, chairing VEON’s Diversity & Inclusion Forum and promoting cross-cultural, inclusive and collaborative way of working. Aankondiging • Nov 26
Aleksander Torbakhov and management team agreed to acquire Public Joint Stock Company "Vimpel-Communications" for RUB130 billion. Aleksander Torbakhov and management team agreed to acquire Public Joint Stock Company "Vimpel-Communications" for RUB130 billion on November 24, 2022. The management buy-out of VimpelCom implies an expected enterprise value of approximately RUB370 billion, representing an expected enterprise value / 2022E EBITDA multiple of 3.2x. On a standalone basis, for the twelve months ended 30 September 2022, VimpelCom generated revenue of RUB339 billion and EBITDA of RUB115 billion. The transaction is subject to customary closing conditions, including receipt of requisite regulatory approvals, approval from competent sanctions authorities, licenses from relevant government authorities and any required consent from VEON creditors. The target completion date for the transaction is in early June 2023, with options on both sides for extensions in case any required regulatory license has not yet been received. Aankondiging • Oct 18
VEON Ltd Appoints Matthieu Galvani as Chief Corporate Affairs Officer VEON Ltd. has appointed Matthieu Galvani has been appointed as Chief Corporate Affairs Officer, effective Immediately. Galvani will be responsible for VEON's corporate affairs strategy and public profile, working across all aspects of government relations and communications, as well as leading VEON's environmental, social and governance initiatives. He will report to VEON Group CEO Kaan Terzioglu and join the Group Executive Committee. Matthieu has over 22 years' experience working in the telecommunications sector in the Middle East, North Africa and Sub-Saharan Africa and has significant experience in corporate affairs, as well as strategic brand and reputation management. He joined VEON Group in 2016 as Chief Commercial Officer for emerging markets and in 2017 became CEO and Chairman of the Board of Djezzy, VEON's digital operator in Algeria that in 2021 was serving over 14 million customers with more than 2,700 employees. Aankondiging • Oct 06
Nasdaq Grants VEON Extension Until 3 April 2023 to Comply with Minimum Share Price Requirement VEON Ltd. announced that on 05 October 2022, the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") granted an additional 180 calendar day grace period to comply with the minimum share price requirement. In the VEON press release dated 12 April 2022, we advised the market that on 7 April 2022 VEON had received notification from Nasdaq that VEON was not in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), VEON had an initial grace period of 180 calendar days, or until 4 October 2022, to regain compliance with the minimum bid price requirement. As per the Nasdaq listing rules, VEON was eligible for an additional 180 calendar day compliance period, subject to meeting certain requirements. VEON has now been notified by Nasdaq that it has met these requirements and so has been granted the additional 180 calendar day grace period, or until 1 April 2023, to regain compliance. In addition, VEON’s listing will transfer to the Nasdaq Capital Markets. In conjunction with its application for this additional compliance period, VEON has committed to undertaking certain corporate actions, if required, in order to ensure the minimum bid price requirement is met within the new compliance period. Group CEO Kaan Terzioglu commented: “We believe this extra 180-day grace period to comply with the minimum bid price requirement is in the best interests of all our stakeholders and allows us to ensure VEON’s continued Nasdaq listing". Aankondiging • Jul 30
VEON Ltd. Appoints Alex Bolis as Advisor to Group CEO and CFO VEON Ltd. announced that Alex Bolis, until now VEON Groups Head of Corporate Strategy, Communications and Investor Relations, has been appointed special advisor to the Group CEO and CFO. In his new role, Alex will focus on special projects concerning both the Group and specific countries. VEONs investor relations function will now report to the Group CFO Serkan Okandan, and communications will report to the Group Chief People Officer Michael Schulz. Aankondiging • Jun 30
VEON Ltd. Elect New Members to Its Board of Directors VEON Ltd. announced the results of the elections conducted at its Annual General Meeting of Shareholders held earlier June 29, 2022. Shareholders elected three new members to the Company's Board of Directors: Morten Lundal and Stan Miller. The Board would like to thank Gennady Gazin, Leonid Boguslavsky and Sergi Herrero for their contribution and service to the Company. Morten Lundal has over 20 years' experience as an executive in the telecoms sector with extensive experience in emerging markets, having held key positions at Telenor Group in Oslo and Vodafone Group in London as well as CEO of Maxis Bhd and Digi.Com Bhd in Malaysia. Morten completed his Master of Business and Economics at the Norwegian School of Management and holds an MBA from IMD in Lausanne. Stan Miller has over 30 years' experience in both the telecommunications and media industries. He has deep and broad experience as an Executive Director and CEO, NED & INED at listed companies across a number of diverse markets and countries. He is currently CEO of AIH SA (Lux), CEO of Leaderman SArL (Lux), a Member of the Board of MTN Group (Africa), and senior advisor to several leading PE firms. Stan graduated with a Diploma in Law & Administration from Technicon RSA (UNISA). He completed several post graduate programs at University of Cape Town Graduate School of Business (UCT) and at London Business School (LBS). Aankondiging • Jun 09
An unknown buyer acquired VEON Georgia” LLC from VEON Ltd. (NasdaqGS:VEON) for transaction value of $45 million. An unknown buyer acquired VEON Georgia” LLC from VEON Ltd. (NasdaqGS:VEON) for transaction value of $45 million on June 8, 2022. The transaction value equates to a 3.5x 2021 EBITDA multiple (pre-IFRS16).`
An unknown buyer completed the acquisition of VEON Georgia” LLC from VEON Ltd. (NasdaqGS:VEON) on June 8, 2022. Aankondiging • May 27
VEON Ltd., Annual General Meeting, Jun 29, 2022 VEON Ltd., Annual General Meeting, Jun 29, 2022. Aankondiging • Apr 12
VEON Confirms Notification from Nasdaq on Minimum Share Price Requirement VEON Ltd. confirmed that on April 7, 2022 VEON received notification from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that VEON is not in compliance with the minimum bid price requirement set forth in Nasdaq's Listing Rule 5550(a)(2). The Minimum Bid Price notification has no immediate effect on the continued listing status of VEON's American Depositary Shares ("ADSs") on Nasdaq. Furthermore, VEON's business operations are not affected by the receipt of the notification. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of VEON's ADSs for the 30 consecutive business days ended April 6, 2022, VEON no longer meets the minimum bid price requirement. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), VEON has an initial grace period of 180 calendar days, or until October 4, 2022 (the "Compliance Period"), to regain compliance with the minimum bid price requirement. During this time, VEON's common stock will continue to be listed and traded on Nasdaq. If, at any time during the Compliance Period, the bid price for VEON's ADSs closes at $1.00 or more for a minimum of 10 consecutive business days, Nasdaq will provide notification to VEON that it complies with the minimum bid price requirement, unless Nasdaq exercises its discretion to extend this 10 day period requirement pursuant to Nasdaq Listing Rule 5810(c)(3)(F). In the event VEON does not regain compliance within the 180 calendar day Compliance Period and it complies with all other listing standards and requirements, VEON may be eligible for an additional 180 calendar day Compliance Period. VEON intends to monitor the closing bid price of its ADSs and may, if appropriate, consider available options to regain compliance with the minimum bid price requirement. There can be no assurance that VEON will regain compliance with the minimum bid price requirement during the Compliance Period, secure a second period of 180 days to regain compliance or maintain compliance with the other Nasdaq listing requirements. VEON is also listed on the Euronext Amsterdam Stock Exchange and the Minimum Bid Price notification from Nasdaq does not affect VEON's compliance status with its Euronext Amsterdam listing. Aankondiging • Mar 10
Robert Jan Van De Kraats Steps Down from VEON Board VEON Ltd. announced that Mr. Robert Jan van de Kraats has stepped down as a director from the VEON Board with effect from 7 March 2022. Mr. van de Kraats informed the Board - of which he was a member since July 2018 - that his decision to step down was due to personal reasons. Aankondiging • Mar 03
Mikhail Fridman Steps Down from Veon Board VEON Ltd. announced that Mr. Fridman has resigned as a director with effect from 28 February 2022. Aankondiging • Mar 02
VEON Ltd. Not Provided Earnings Guidance for the Full Year 2022 VEON Ltd. not provided earnings guidance for the full year 2022. Looking now to the year ahead, given the current context around Russia and Ukraine, which together account for around 65% of group revenues, the company is not at this stage providing any guidance for the full year 2022. Reported Earnings • Mar 01
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$0.30 (up from US$0.20 loss in FY 2020). Revenue: US$7.79b (down 2.4% from FY 2020). Net income: US$523.0m (up US$872.0m from FY 2020). Profit margin: 6.7% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 6.8%, compared to a 2.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Aankondiging • Mar 01
VEON Ltd. Announces MobileID Gains Momentum to Replace Social Network Authentication VEON Ltd. announced that its MobileID authentication system has gained significant user, operator and online business support in its bid to become a global standard and replace authentication through social networks. VEON's MobileID, developed using the GSMA's universal identity service, Mobile Connect, provides consumers with a digital passport to online services and retailers though their mobile devices and replaces the current approach of online authentication through social networks. The initiative to create a mobile-enabled solution to tackle the issue of digital identity verification has received the support of the GSMA, which represents the interests of mobile operators worldwide. Following a surge in VEON's Russian customers using MobileID from 600,000 in December 2021 to over one million, VEON is announcing the expansion of MobileID to its mobile operators in Uzbekistan, Georgia and Pakistan. This is expected to provide its customers with a seamless sign-in to digital applications and services, and VEON has also extended the functionality of MobileID to include physical security, where it can be used to provide access to offices and other buildings. MobileID has also been adopted by other international mobile operators, including MTS, Megafon, Tele2, and Digicel, and online service providers and retailers supporting MobileID now include 38 leading companies. MobileID safeguards both consumers and online companies. Since mobile operators have a verifiable record of their customer's identity, physical address or their financial details, MobileID has a potential to provide a much more secure form of ID than the self-declared persona that customers can create via social media. For online service providers and retailers, it enables them to securely authenticate users and manage their users' credentials. MobileID offers consumers a streamlined, password free, customer authentication experience. Consumers benefit from the autofill of information for items such as credit applications, while the Permission Centre module will enable customers to manage and control permissions previously granted to service providers. The implementation of MobileID is through a device's SIM-card and this enables MobileID to work on any device, including feature phones. Aankondiging • Feb 25
VEON Ltd. Announces First 'Always-On' Network Service VEON Ltd. announced the Always-on Network Service that allows digital financial applications to continue even when mobile communication services are suspended. The Always-on Network Service will enable digital financial services to continue even when mobile voice and messaging services have been suspended due to security concerns. The Always-on Network is an industry-wide initiative, developed in collaboration with the GSMA Foundry, to deliver always-on accessibility for business-critical applications and emergency services in data-restricted geographical areas. VEON will demonstrate the Always-on initiative at the Mobile Word Congress as part of the GSMA Foundry showcase. VEON is planning to deploy the Always-on Network Service in Pakistan through its Jazz mobile operator, subject to the approval of the relevant authorities. It will enable the continuation of operation of the JazzCash mobile banking service even when the mobile communication services are suspended. The Always-On Network Service is facilitated by 4G 'network-slicing' technology that enables core digital services by pushing customized policies through to the service gateway at the edge of the network. This can enable the IP traffic for specific applications, such as JazzCash, to continue to operate despite the suspension of other network services. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.10, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Wireless Telecom industry in Europe. Total loss to shareholders of 39% over the past three years. Aankondiging • Dec 09
VEON Announces Global Launch of its MobileID Initiative VEON Ltd. announced the global launch of its MobileID initiative, an authentication, credentials management and permission control system that will safeguard consumers and protect retail companies. VEON intends to roll out MobileID to its 212 million customers across nine countries as well as offering it as the standard for mobile operators worldwide to provide digital identity validation that is fully compliant with local data privacy laws. Incorporating the GSMA's Mobile Connect standard, MobileID enables safe and secure determination of customer identity for both online and physical locations. For consumers, the service delivers a streamlined customer experience without the need to remember passwords, a universal login at physical and online locations, and SIM-card based implementation that enables MobileID to work on any device, including feature phones. Consumers will also benefit from the autofill of information on online channels and at physical locations, for items such as credit applications, while the Permission Centre module will enable customers to manage and control permissions previously granted to service providers. For online retailers, the sharing of customer attributes and knowledge of their physical location reduces operational fraud and enables the inclusion of credit rating information. The MobileID service enabled conversion rates are up to two times higher for retailers along with an 80% faster service registration process, while delivering an easier and faster customer journey. The roll out of MobileID follows extensive trials in Russia with VEON's Beeline mobile operator in partnership with other Russian mobile operators. The nine-month trial deployment saw over 1.2 million monthly active users subscribe to MobileID to authenticate their digital persona with 36 major online service providers and merchants, including AliExpress, Alfa-Bank, Alfa Insurance, Sheremetievo Airport, and Raiffeisen Bank. Following the successful conclusion of other trials in Russia, MobileID will be deployed across all VEON mobile operators with its roll-out beginning in Uzbekistan and Kazakhstan. The operation of MobileID is securely managed with all customer data stored at Class 3/Class 4 Data Centres that are operated by national telecommunications operators in compliance with local data privacy laws. The seamless integration with customer SIM cards delivers an additional level of security and customer protection and personal customer data is always encrypted with the RSA Asymmetric algorithm. Additional levels of security, such as PIN-based validation, is supported for highly sensitive transactions. In accordance with local regulations, customer personal data will stay within a country's geographical borders. For major retailers and financial institutions, a full portfolio of software tools and APIs are available to customise MobileID and integrate it into specific applications. National and global interoperability is also assured as MobileID incorporates the GSMA-endorsed Global Standard (Mobile Connect). The service is fully end-to-end monitored through network operating centres with service level agreements and disaster recovery policies in place. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS US$0.048 (vs US$0.36 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.01b (up 10% from 3Q 2020). Net income: US$77.0m (up US$721.0m from 3Q 2020). Profit margin: 3.8% (up from net loss in 3Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS US$0.06 (vs US$0.09 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$2.07b (up 9.1% from 2Q 2020). Net income: US$100.0m (down 36% from 2Q 2020). Profit margin: 4.8% (down from 8.2% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 24
Kismet Reportedly Puts in A Bid for the Tower Infrastructure Assets of VEON Kismet of ex-CEO of Russian mobile major MegaFon and tech investor Ivan Tavrin has put in a bid for the tower infrastructure assets of another mobile operator VEON Ltd. (NasdaqGS:VEON) (former VimpelCom), Vedomosti daily reported citing unnamed sources in the industry. A merger of other tower infrastructure assets of Tavrin could create Europe's second-largest tower operator, possibly poised for an IPO. Aankondiging • Jul 03
FNI agreed to acquire 45.57% stake in Omnium Telecom Algeria SpA from VEON Ltd. (NasdaqGS:VEON). FNI agreed to acquire 45.57% stake in Omnium Telecom Algeria SpA from VEON Ltd. (NasdaqGS:VEON) on July 1, 2021. The exercise of the option by VEON Ltd., initiates a process under which a third-party valuation is undertaken to determine the fair market value at which the transfer shall take place. Executive Departure • Jun 14
Independent Director Amos Genish has left the company On the 10th of June, Amos Genish's tenure as Independent Director ended after 1.0 years in the role. We don't have any record of a personal shareholding under Amos' name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 14
Independent Director Peter Derby has left the company On the 10th of June, Peter Derby's tenure as Independent Director ended after 1.0 years in the role. We don't have any record of a personal shareholding under Peter's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 14
Independent Director Osama Bedier has left the company On the 10th of June, Osama Bedier's tenure as Independent Director ended after 2.9 years in the role. We don't have any record of a personal shareholding under Osama's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • May 01
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$1.99b (down 5.2% from 1Q 2020). Net income: US$130.0m (up 20% from 1Q 2020). Profit margin: 6.5% (up from 5.2% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Executive Departure • Apr 02
Group Chief Strategy Officer has left the company On the 31st of March, Alexander Kazbegi's tenure as Group Chief Strategy Officer ended after 2.1 years in the role. We don't have any record of a personal shareholding under Alexander's name. A total of 8 executives have left over the last 12 months. Aankondiging • Mar 16
VEON Ltd. Promotes Andrzej Malinowski to Beeline Uzbekistan CEO VEON Ltd. announced the appointment of Andrzej Malinowski to the vacant position of CEO of Beeline Uzbekistan, with effect from 15 March 2021. Mr. Malinowski joins from Beeline Georgia, where he has held the position of CEO. Lasha Tabidze has been appointed as Mr. Malinowski's successor at Beeline Georgia, who previously held the joint position of Chief Operating Officer and Chief Commercial Officer of Beeline Georgia. A candidate for the Beeline Uzbekistan role had been previously announced but Beeline Uzbekistan was unable to finalize the employment of this candidate. Aankondiging • Mar 09
VEON Appoints Artashes Davtyan as CEO of Beeline Uzbekistan, Effective March 15, 2021 VEON Ltd. announced the appointment of Artashes Davtyan as CEO of Beeline Uzbekistan, effective 15 March 2021. Artashes joins Beeline Uzbekistan with a wealth of commercial and leadership experience from international FMCG companies including Gillette, PepsiCo and Mars, and most recently Yandex where he was Head of Private Label in its digital retail delivery business, Yandex.Lavka. Reported Earnings • Feb 20
Full year 2020 earnings released: US$0.20 loss per share (vs US$0.35 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$7.98b (down 9.6% from FY 2019). Net loss: US$349.0m (down 156% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue beats expectations Revenue exceeded analyst estimates by 0.07%. Over the next year, revenue is forecast to grow 2.5% while theWireless Telecom industry in Germany is not expected to grow. Aankondiging • Feb 05
VEON Ltd. to Report Q4, 2020 Results on Feb 18, 2021 VEON Ltd. announced that they will report Q4, 2020 results at 7:00 AM, Central European Standard Time on Feb 18, 2021 Aankondiging • Feb 03
VEON Ltd. and Mastercard Enter into Global Partnership to Boost Digital Financial Services VEON Ltd. announced a strategic global partnership with Mastercard to boost digital financial services in key markets. The partnership, covering core portions of VEON's footprint (Russia, Pakistan, Ukraine, Kazakhstan and Bangladesh), will allow VEON to further scale its digital financial services business by offering consumers and merchants in these countries best-in-class products tailored to their needs. By working together, the companies will support the financial and digital inclusion of traditionally underserved consumers in each geography. The partnership is an expansion of the relationship between the two companies that began in May 2020 when Mastercard partnered with Mobilink Microfinance Bank Limited, VEON's financial services provider in Pakistan, to boost financial inclusion across that fast-growing nation. It further cements the joint commitment of VEON and Mastercard as strategic partners on this ambitious but vital journey to empower individuals and communities though financial services access. Aankondiging • Jan 28
VEON Ltd.(ENXTAM:VEON) dropped from FTSE All-World Index (USD) VEON Ltd.(ENXTAM:VEON) dropped from FTSE All-World Index (USD) Aankondiging • Jan 15
VEON Ltd. Announces Appointment of Leonid Boguslavsky to Board of Directors VEON Ltd. announced the appointment of Leonid Boguslavsky to the Group's Board of Directors. Mr. Boguslavsky joins following the departure Mr. de Beer, who stepped down in December 2020. Prior to becoming a venture capitalist, Mr. Boguslavsky was a managing partner of PwC Management Consulting Services. In the early 1990s, he built one of Russia's largest IT solutions integrators. Mr. Boguslavsky is also an Independent Director of the Sberbank PJSC Supervisory Board. Is New 90 Day High Low • Jan 14
New 90-day high: €1.46 The company is up 29% from its price of €1.13 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.56 per share. Aankondiging • Dec 21
VEON Announces Director Mariano De Beer to Step Down VEON Ltd. announced that Mariano de Beer is stepping down as a director of the VEON Board of Directors effective 21st December 2020. Mr. de Beer, who also chaired VEON's Digital Committee, will be focusing on other commitments. Is New 90 Day High Low • Dec 08
New 90-day high: €1.29 The company is up 21% from its price of €1.07 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.02 per share. Aankondiging • Nov 27
VEON Ltd. Promotes Joop Brakenhoff as Group Chief Internal Audit & Compliance Officer VEON Ltd. has promoted Joop Brakenhoff to the newly established position of Group Chief Internal Audit & Compliance Officer, reporting directly to VEON's co-CEOs, Kaan Terzioglu and Sergi Herrero, and to the Audit Committee Chairman. Prior to this, and since January 2019, Mr. Brakenhoff was the company's Head of Internal Audit. In this new role, Joop joins VEON's executive team and leads both the Internal Audit and Compliance functions. These provide important oversight on Group-wide matters related to risk management, compliance, governance and assurance. Aankondiging • Nov 17
VimpelCom Appoints Maxim Zaykov as Executive Vice President for Corporate Business Development VimpelCom has appointed Maxim Zaykov as executive vice president for corporate business development. Zaykov had previously led this area in the Central Region. In his new position, Zaykov has been tasked with
solidifying the operator's position in the B2B segment, developing new directions, as well as expanding the range of partner solutions. Zaykov will report directly to CEO Alexander Torbakhov, who came to VimpelCom in
April 2020. He will also become a member of the management board. Artashes Sivkov, who in August was appointed First Executive Vice President, Head of the Retail Business Unit at the operator, was the previous executive vice president for corporate business development prior to Zaykov's appointment. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of US$334.0m, with earnings decreasing by US$915.4m from the prior year. Total revenue was US$8.20b over the last 12 months, down 7.4% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 0.8% at US$1.99b. Revenue is forecast to stay flat over the next year, compared to a 1.8% decline forecast for the Wireless Telecom industry in Germany. Aankondiging • Oct 29
VEON Ltd. Appoints Yaroslav Glazunov as Alternate Director for Alexander Pertsovsky VEON Ltd. announced the appointment of Yaroslav Glazunov to the Company's Board of Directors as an alternate director for Alexander Pertsovsky. Mr. Pertsovsky has been a member of the VEON Board since January 2018. Mr. Glazunov joined Spencer Stuart in January 2014 and is a managing partner at Spencer Stuart International based in Moscow. Prior to joining Spencer Stuart, he was a partner at Heidrick & Struggles in Moscow. He has been in the global leadership advisory business for 20 years, focusing on CEO succession, efficiency and performance. As a partner at one of the top worldwide leadership consulting firms, he has worked extensively with corporate boards and founders of companies in Europe, India and Russia. Aankondiging • Oct 06
Veon Ltd's ADR to Be Deleted from Other OTC VEON Ltd.'s American Depositary Receipts - Sponsored will be deleted from other OTC effective from October 05, 2020 due to ADR /GDR Program Terminated. Aankondiging • Oct 04
VEON Ltd. Elects Muhterem Kaan Terzio Lu to the Board of Directors VEON Ltd. at its Annual General Meeting held on June 18, 2019 elected Muhterem Kaan Terzio lu to the board of directors. Mr. Terzio lu served as Turkcell's Chief Executive Officer from April 2015 until March 2019, and currently serves as a board member of several international institutions and organizations. Previously he served on the GMSA board. Aankondiging • Sep 29
VEON Ltd. (NasdaqGS:VEON) agreed to acquire remaining 15% stake in Pakistan Mobile Communications Ltd from Dhabi Holdings PJSC. VEON Ltd. (NasdaqGS:VEON) agreed to acquire remaining 15% stake in Pakistan Mobile Communications Ltd from Dhabi Holdings PJSC on September 28, 2020. Dhabi Holdings put exercised the option to sell 15% stake in Pakistan Mobile Communications Ltd to VEON. Post completion, VEON will hold 100% stake in Pakistan Mobile Communications Ltd. The transaction is expected to close in fourth quarter of 2020. Aankondiging • Sep 22
Veon Reportedly Mulls Buying Online Streaming Service Megogo VEON Ltd. (NasdaqGS:VEON) is considering acquiring 100% of online video streaming service Megogo, RBC reported, citing a number of sources in the telecoms and media industry. Megogo LLC is wholly owned by Magavin Enterprises Limited. The whole streaming service can be valued at RUB 9 billion, one of RBC's sources said. Another source said only the Russian business is being appraised. Veon and Megogo Founder Vladimir Borovik did not respond to RBC's questions. Public Joint Stock Company "Vimpel-Communications", Veon's Russian subsidiary, declined to comment. Aankondiging • Sep 17
VEON Ltd. to Report Q3, 2020 Results on Oct 29, 2020 VEON Ltd. announced that they will report Q3, 2020 results on Oct 29, 2020 Aankondiging • Aug 07
VEON Ltd. Announces Not to Pay Dividend for the Year 2020 VEON considers dividend payments for 2020 unlikely due to uncertainty linked to free cash flow. In 2019, VEON paid shareholders dividends of $0.28 per share altogether: $0.13 for interim dividends for the first half, and $0.15 for final dividends. 
