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VEON Ltd (VEON.OQ)

VEON.OQ on NASDAQ Stock Exchange Global Select Market

2.36USD
18 Apr 2019
Change (% chg)

$0.08 (+3.51%)
Prev Close
$2.28
Open
$2.29
Day's High
$2.36
Day's Low
$2.27
Volume
3,287,507
Avg. Vol
1,065,391
52-wk High
$3.14
52-wk Low
$2.07

Latest Key Developments (Source: Significant Developments)

VEON Q4 EBITDA Decreases To 714 Million Euros
Monday, 25 Feb 2019 02:10am EST 

Feb 25 (Reuters) - VEON LTD ::FY 2019 GUIDANCE FOR TOTAL REVENUE IS LOW SINGLE-DIGIT ORGANIC GROWTH AND FOR EBITDA IS LOW TO MID SINGLE-DIGIT ORGANIC GROWTH.Q4 EBITDA $714 MILLION VERSUS $753 MILLION YEAR AGO.Q4 REVENUE $2.25 BILLION VERSUS $2.32 BILLION YEAR AGO.VEON ACHIEVED ITS FINANCIAL TARGETS IN FY 2018.BOARD OF DIRECTORS APPROVED A FINAL 2018 DIVIDEND OF US 17 CENTS PER SHARE.Q4 PROFIT FOR THE PERIOD ATTRIBUTABLE TO SHAREHOLDERS $33 MILLION VERSUS LOSS OF $399 MILLION YEAR AGO.  Full Article

Veon Announces Revised Technology Infrastructure Partnership With Ericsson
Monday, 25 Feb 2019 12:00am EST 

Feb 25 (Reuters) - Veon Ltd ::VEON ANNOUNCES REVISED TECHNOLOGY INFRASTRUCTURE PARTNERSHIP WITH ERICSSON.AS PART OF REVISED AGREEMENT, VEON WILL RECEIVE $350 MILLION DURING FIRST HALF OF 2019.  Full Article

VEON Submits Mandatory Tender Offer For GTH
Monday, 11 Feb 2019 07:13am EST 

Feb 11 (Reuters) - VEON LTD ::VEON SUBMITS MANDATORY TENDER OFFER FOR GTH.OFFER IS AT A PRICE OF EGP 5.30 PER SHARE, REPRESENTING A 45.8% PREMIUM OVER GTH'S AVERAGE THREE-MONTH SHARE PRICE.  Full Article

FRA Says VEON Holdings Submits Mandatory Offer For GTH Shares
Sunday, 10 Feb 2019 05:27am EST 

Feb 10 (Reuters) - FINANCIAL REGULATORY AUTHORITY::SAYS VEON HOLDINGS SUBMITS MANDATORY PURCHASE OFFER FOR 2 BILLION SHARES OF GLOBAL TELECOM REPRESENTING 42.31 PERCENT OF CAPITAL AT PRICE OF EGP 5.30 PER SHARE.  Full Article

Global Telecom Postpones OGM On Rights Issue
Sunday, 27 Jan 2019 02:32am EST 

Jan 27 (Reuters) - GLOBAL TELECOM HOLDING ::CHAIRMAN SAYS HAS RECEIVED LETTER FROM VEON LTD ON STRATEGIC RELATIONSHIP WITH CO INCLUDING OPTION TO TAKE CO PRIVATE.CHAIRMAN SAYS HAS RECEIVED LETTER FROM VEON IN SUPPORT OF CO'S IMMEDIATE FUNDING REQUIREMENTS FOR CERTAIN DEBT OBLIGATIONS.BOARD POSTPONES SHAREHOLDERS MEETING ON RIGHTS ISSUE TO MARCH 27 FROM JAN 28 TO CONSIDER LATEST DEVELOPMENTS.  Full Article

Veon Promotes Evgeniy Nastradin To Beeline Kazakhstan CEO
Thursday, 17 Jan 2019 01:01am EST 

Jan 17 (Reuters) - VEON LTD ::VEON PROMOTES EVGENIY NASTRADIN TO BEELINE KAZAKHSTAN CEO.PROMOTION OF EVGENIY NASTRADIN TO CEO OF BEELINE KAZAKHSTAN, EFFECTIVE FROM 1 FEBRUARY..  Full Article

Veon Appoints Ursula Burns As Chairman And CEO
Thursday, 13 Dec 2018 01:04am EST 

Dec 13 (Reuters) - VEON LTD ::VEON APPOINTS URSULA BURNS AS CHAIRMAN AND CEO.  Full Article

Veon Announces Termination Of Sale Of Its Pakistan Tower Business To Tanzanite
Monday, 17 Sep 2018 01:00am EDT 

Sept 17 (Reuters) - VEON LTD ::VEON ANNOUNCES TERMINATION OF THE SALE OF ITS PAKISTAN TOWER BUSINESS TO TANZANITE.  Full Article

Veon Completes Sale Of Its 50-Pct Stake In Wind Tre
Friday, 7 Sep 2018 05:00am EDT 

Sept 7 (Reuters) - VEON LTD ::VEON COMPLETES THE SALE OF ITS 50% STAKE IN WIND TRE TO CK HUTCHISON.NET PRO-FORMA LEVERAGE RATIO OF GROUP IS NOW APPROXIMATELY 1.7X.IN CLOSING TRANSACTION, VEON WILL RECORD A NET GAIN OF APPROXIMATELY USD 1.2 BLN IN Q3 2018..  Full Article

Egypt's Global Telecom Updates On VEON Offer
Sunday, 2 Sep 2018 01:57am EDT 

Sept 2 (Reuters) - GLOBAL TELECOM HOLDING ::FEEDBACK ON VEON OFFER FROM GTH SHAREHOLDERS SUGGESTS THAT CURRENT OFFER WOULD NOT BE APPROVED BY REQUIRED 66 PERCENT OF MINORITIES AT THIS TIME.SAYS VEON HAS CONFIRRNED THAT THE OFFER REMAINS OPEN BUT CANNOT CONFIRM THAT IT WILL REMAIN OPEN INDEFINITELY.SHAREHOLDERS WILL BE AWARE THAT OFFER CAN BE WITHDRAWN BY VEON AT ANY TIME AFTER SEPT 01 2018.SAYS BOARD CONTINUES ITS REVIEW OF THE VEON OFFER AND THE ALTERNATIVE OPTIONS TO FUND THE COMPANY.AS PART OF ONGOING REVIEW, GTH IS TO APPOINT LAZARD FRERES ITS INTERNATIONAL FINANCIAL ADVISOR WITH BROAD REMIT TO ADVISE CO ON ALL FINANCING OPTIONS.SAYS DEBT MATURITIES, INTEREST PAYMENTS AND CAPITAL REQUIREMENTS IN 2H18 AND 2019 AMOUNTING TO AT LEAST $500 MILLION.  Full Article

Telenor bags $213 mln as Veon exit continues

OSLO, March 27 Telenor has sold 100 million shares in Veon for net proceeds of $213 million as it continues a gradual exit from its Netherlands-based telecoms peer, the Norwegian company said on Wednesday.