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VEON Ltd (VEON.OQ)

VEON.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Veon Announces Withdrawal Of Its Offer For Assets Of Gth In Pakistan And Bangladesh
Thursday, 11 Oct 2018 01:01am EDT 

Oct 11 (Reuters) - VEON Ltd ::VEON ANNOUNCES THE WITHDRAWAL OF ITS OFFER TO ACQUIRE THE ASSETS OF GTH IN PAKISTAN AND BANGLADESH.HAS TERMINATED ITS OFFER IN LIGHT OF RECENT EVENTS SURROUNDING PAKISTANI RUPEE AND REACTION TO OFFER BY GTH MINORITY SHAREHOLDERS.SAYS VEON HAS TERMINATED ITS OFFER IN LIGHT OF RECENT EVENTS SURROUNDING PAKISTANI RUPEE.SAYS REACTION TO OFFER BY GTH MINORITY SHAREHOLDERS, WHICH SUGGESTS THAT APPROVAL WOULD NOT HAVE BEEN FORTHCOMING..WILL CONTINUE TO EXPLORE OPTIONS TO ADDRESS ITS STRATEGIC RELATIONSHIP WITH GTH AND ITS MINORITY SHAREHOLDERS..  Full Article

CK Hutchison Holdings Announces Completion Of Acquisition Of VEON's Entire Interest In JV
Friday, 7 Sep 2018 04:33am EDT 

Sept 7 (Reuters) - CK Hutchison Holdings Ltd <0001.HK>::ANNOUNCES COMPLETION OF ACQUISITION OF VEON'S ENTIRE INTEREST IN VIP-CKH LUXEMBOURG S.À R.L. AND VIP-CKH IRELAND LIMITED.  Full Article

Veon to sell business in Tajikistan
Monday, 9 Apr 2018 09:00am EDT 

April 9 (Reuters) - Mobile telecommunications company Veon Ltd , VEON.O::Confirms reports it is selling its business in the Central Asian republic of Tajikistan.Russian business daily Vedomosti reported on Monday that VEON was selling its Tajik unit Tacom LLC to co-investor ZET Mobile Limited .  Full Article

Global Telecom Says Veon Withdraws Offer To Purchase Further Stake In Co‍​
Tuesday, 3 Apr 2018 03:43am EDT 

April 3 (Reuters) - GLOBAL TELECOM HOLDING ::SAYS MAJOR SHAREHOLDER VEON WITHDRAWS ITS MANDATORY OFFER TO PURCHASE REMAINING STAKE IN CO ‍​.SAYS MAJOR SHAREHOLDER VEON CURRENTLY HAS NO INTENTION TO MAKE MANDATORY PURCHASE OFFER‍​.  Full Article

Veon Announces Withdrawal Of Mandatory Tender Offer In Relation To Global Telecom Holding
Tuesday, 3 Apr 2018 02:23am EDT 

April 3 (Reuters) - VEON LTD ::ANNOUNCES WITHDRAWAL OF MANDATORY TENDER OFFER IN RELATION TO GLOBAL TELECOM HOLDING S.A.E..VEON ANNOUNCES WITHDRAWAL OF MANDATORY TENDER OFFER IN RELATION TO GLOBAL TELECOM HOLDING S.A.E..‍DOES NOT INTEND TO PROCEED WITH ANOTHER MTO AT THIS TIME​.HAD APPLIED TO EFRA FOR A MTO FOR ANY AND ALL SHARES OF GLOBAL TELECOM HOLDING S.A.E. NOT OWNED BY VEON.  Full Article

Veon Q4 EBITDA Down At $753 Million
Thursday, 22 Feb 2018 03:02am EST 

Feb 22 (Reuters) - VEON LTD ::Q4 LOSS FOR THE PERIOD ATTRIBUTABLE TO VEON SHAREHOLDERS $ 0.33 BILLION VERSUS PROFIT $1.56 BILLION YEAR AGO .2018 OUTLOOK: FINANCIAL PERFORMANCE TO BE IMPACTED BY NUMBER OF STRATEGIC TRANSACTIONS .VEON REPORTS FULL YEAR 2017 RESULTS WITH ROBUST FREE CASH FLOW GENERATION OF OVER USD 1 BILLION AND ANNOUNCES US 17 CENTS FINAL DIVIDEND.Q4 REVENUE $2.32 BILLION.Q4 EBITDA $ 753 MILLION VERSUS $783 MILLION YEAR AGO.SUPERVISORY BOARD APPROVED FINAL DIVIDEND OF US 17 CENTS, TOTALLING 2017 DIVIDEND TO US 28 CENTS PER SHARE.STRONG UNDERLYING EQUITY FREE CASH FLOW3 OF USD 1.1 BILLION, SIGNIFICANTLY AHEAD OF GUIDANCE.Q4 2017 UNDERLYING EQUITY FREE CASH FLOW EXCLUDING LICENSES TOTALLED USD 101 MILLION.2018 OUTLOOK: FINANCIAL PERFORMANCE TO BE IMPACTED BY UZBEKISTAN'S CURRENCY LIBERALIZATION.2018 EXPECT FLAT-TO-LOW SINGLE DIGIT ORGANIC GROWTH FOR BOTH GROUP REVENUE AND EBITDA.2018 FORECAST STRENGTHENING OF EQUITY FREE CASH FLOW, WHICH WE EXPECT TO BE APPROX. USD 1 BILLION.  Full Article

Veon Announces That Banglalink Acquires Additional Spectrum And 4G/Lte License
Tuesday, 13 Feb 2018 11:31am EST 

Feb 13 (Reuters) - VEON LTD ::BANGLALINK ACQUIRES ADDITIONAL SPECTRUM AND 4G/LTE LICENSE.‍VEON AND GLOBAL TELECOM HOLDING ANNOUNCE THAT BANGLALINK WAS AWARDED TECHNOLOGY NEUTRAL SPECTRUM IN 1800 AND 2100 MHZ BANDS​.‍BANGLALINK WILL PAY A TOTAL OF USD 308.6 MILLION FOR SPECTRUM EXCLUDING VAT​.‍AN UPFRONT PAYMENT OF 60% FOR SPECTRUM WILL BE PAYABLE IN APPROXIMATELY 30 DAYS​.‍REMAINING 40% PAYABLE OVER FOUR YEARS.​.BANGLALINK WILL PAY $35 MILLION TO CONVERT ITS EXISTING SPECTRUM HOLDING IN 900MHZ AND 1800MHZ INTO TECHNOLOGY NEUTRAL SPECTRUM​.‍BANGLALINK WILL PAY USD 1.2 MILLION TO ACQUIRE 4G/LTE LICENSE​.‍INVESTMENT WILL BE FUNDED THROUGH LOCALLY AVAILABLE CASH.‍INVESTMENT WILL BE FUNDED THROUGH BDT-DENOMINATED FACILITY SIGNED BY BANGLALINK IN DECEMBER 2017​.  Full Article

Veon Appoints Alexander Pertsovsky As Alternate Director For Alexey Reznikovich
Friday, 19 Jan 2018 01:02am EST 

Jan 19 (Reuters) - VEON LTD ::VEON APPOINTS ALEXANDER PERTSOVSKY AS ALTERNATE DIRECTOR FOR ALEXEY REZNIKOVICH.  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

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Hutchison wins EU approval for $2.9 billion Wind Tre deal

BRUSSELS CK Hutchison secured approval from EU antitrust regulators on Friday for its 2.45 billion euro ($2.9 billion) deal to buy out Veon from their Italian joint venture Wind Tre.