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VEON Ltd (VEON.OQ)

VEON.OQ on NASDAQ Stock Exchange Global Select Market

3.04USD
13 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Veon Says Has Entered Agreement With CK Hutchison For Sale Of Its 50% Stake In Wind Tre
Tuesday, 3 Jul 2018 12:12am EDT 

July 3 (Reuters) - Veon Ltd ::VEON ANNOUNCES TWO MAJOR TRANSACTIONS AND SETS IMMEDIATE STRATEGIC PRIORITIES.COMPANY HAS ENTERED INTO AN AGREEMENT WITH CK HUTCHISON HOLDINGS LTD FOR SALE OF ITS 50% STAKE IN WIND TRE.SUBMITTED AN OFFER TO ACQUIRE ASSETS OF GLOBAL TELECOM HOLDING S.A.E ("GTH") IN PAKISTAN AND BANGLADESH.SALE OF VEON'S EQUITY STAKE IN WIND TRE WILL BRING IN PROCEEDS OF EUR 2,450 MILLION.FRACTION OF PROCEEDS FROM SALE OF VEON'S EQUITY STAKE IN WIND TRE WILL BE USED BY VEON TO ACQUIRE GTH ASSETS.REMAINDER OF PROCEEDS FROM SALE OF VEON'S EQUITY STAKE IN WIND TRE WILL BE USED TO REDUCE DEBT.EXPECTS TO BOOK A NET GAIN OF APPROXIMATELY $1,100 MILLION ON COMPLETION SALE OF ITS 50% STAKE IN WIND TRE.  Full Article

GTH Receives Offer From Veon To Acquire Its Assets In Pakistan, Bangladesh
Monday, 2 Jul 2018 11:55am EDT 

July 3 (Reuters) - GLOBAL TELECOM HOLDING ::RECEIVES OFFER FROM VEON TO ACQUIRE ITS ASSETS IN PAKISTAN (JAZZ AND ITS ASSOCIATED OPERATIONS) AND BANGLADESH (BANGLALINK) FOR TOTAL GROSS CONSIDERATION OF $2.55 BILLION.GLOBAL TELECOM HOLDING SAYS BOARD IS ANALYZING THE OFFER.  Full Article

Diageo Says Ursula Burns' Appointment To Board Will Be Delayed
Tuesday, 27 Mar 2018 02:22am EDT 

March 27 (Reuters) - Diageo Plc ::SAYS URSULA BURNS WILL BECOME EXECUTIVE CHAIRMAN ON AN INTERIM BASIS OF VEON LTD (NOT OF DIAGEO).SAYS URSULA BURNS HAD BEEN APPOINTED AS A NON-EXECUTIVE DIRECTOR EFFECTIVE 2 APRIL, 2018.SAYS IN LIGHT OF BURNS' APPOINTMENT TO VEON, DIAGEO AND BURNS AGREED THAT HER APPOINTMENT TO DIAGEO BOARD WILL BE DELAYED.  Full Article

VEON Appoints Ursula Burns As Executive Chairman, CEO Jean-Yves Charlier To Depart
Tuesday, 27 Mar 2018 02:04am EDT 

March 27 (Reuters) - VEON LTD ::VEON APPOINTS URSULA BURNS AS EXECUTIVE CHAIRMAN, CEO JEAN-YVES CHARLIER TO DEPART.  Full Article

Veon Says Ukrainian Subsidiary Secured One Of 3 Licenses To Provide 4G/LTE Services​
Wednesday, 31 Jan 2018 05:05am EST 

Jan 31 (Reuters) - VEON LTD ::UKRAINIAN SUBSIDIARY ‍HAS SECURED ONE OF THREE LICENSES TO PROVIDE NATIONWIDE 4G/LTE SERVICES​.KYIVSTAR WILL PAY UAH 0.9 BILLION (APPROXIMATELY USD 32.2 MILLION) FOR 2X15 MHZ OF CONTIGUOUS FREQUENCY IN 2600 MHZ BAND.‍COMPANY LOOKS FORWARD TO UPCOMING 4G/LTE LICENSE TENDER IN 1800 MHZ BAND IN UKRAINE​.  Full Article

Global Telecom says Pharos Holding to advise on share purchase offer by VEON
Thursday, 9 Nov 2017 02:40am EST 

Nov 9 (Reuters) - GLOBAL TELECOM HOLDING SAE ::BOARD APPROVES APPOINTMENT OF PHAROS HOLDING AS FINANCIAL ADVISOR TO EVALUATE MANDATORY TENDER OFFER BY VEON HOLDINGS TO ACQUIRE REMAINING SHARES OF COMPANY ‍​.  Full Article

Veon Q3 EBITDA increased 16.4 pct to 1,042 US dollars
Thursday, 9 Nov 2017 02:07am EST 

Nov 9 (Reuters) - VEON LTD ::VEON REPORTS SOLID THIRD QUARTER RESULTS WITH ROBUST FREE CASH FLOW GENERATION AND ANNOUNCES MANDATORY TENDER OFFER FOR GTH.Q3 ‍TOTAL REVENUE INCREASED 4.0% YEAR-ON-YEAR, AND 3.2% ORGANICALLY​.Q3 ‍EBITDA INCREASED 16.4% (USD 146 MILLION) TO USD 1,042 MILLION​.‍TARGETS FOR 2017 CONFIRMED​.  Full Article

Veon to sell Laos operations
Friday, 27 Oct 2017 08:08am EDT 

Oct 27 (Reuters) - Veon Ltd :Veon to sell Laos operations.Veon Ltd - ‍ Unit has entered into an agreement to sell its 78% stake in Vimpelcom Lao Co to government of Lao People's Democratic Republic​.Veon Ltd - ‍ Vimpelcom Holding Laos entered into agreement to sell its 78% stake in Vimpelcom Lao Co Ltd for gross proceeds of USD 22 million​.Veon Ltd - ‍ Following sale, government of Lao PDR will own 100 percent of share capital of Vimpelcom Laos​.  Full Article

Vimpelcom says FY16 guidance confirmed
Thursday, 4 Aug 2016 01:10am EDT 

Vimpelcom Ltd : Vimpelcom reports H1 2016 results in line with expectations; fy16 guidance confirmed . Q2 revenue $2.2 billion versus i/b/e/s view $2.18 billion . Remain confident of securing regulatory approval for ck hutchison agreements from european commission, expected by 8 september 2016 . Says fy16 guidance confirmed, albeit at lower end of range for service revenue and underlying ebitda margin .As of today, no statement of objections has been received from european commission on agreement with CK Hutchinson.  Full Article

Veon exits Western Europe with debt-reducing Wind Tre sale

AMSTERDAM/HONG KONG Veon will sell out of Italian mobile network Wind Tre for 2.45 billion euros ($2.85 billion) in an exit from Western Europe the Amsterdam-based firm says will help it cut debt and focus on emerging markets.