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VEON Ltd (VEON.OQ)

VEON.OQ on NASDAQ Stock Exchange Global Select Market

2.46USD
13 Dec 2018
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$-0.05 (-1.99%)
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Latest Key Developments (Source: Significant Developments)

Veon Appoints Ursula Burns As Chairman And CEO
1:04am 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REMAINS OPEN BUT CANNOT CONFIRM THAT IT WILL REMAIN OPEN INDEFINITELY.SHAREHOLDERS WILL BE AWARE THAT OFFER CAN BE WITHDRAWN BY VEON AT ANY TIME AFTER SEPT 01 2018.SAYS BOARD CONTINUES ITS REVIEW OF THE VEON OFFER AND THE ALTERNATIVE OPTIONS TO FUND THE COMPANY.AS PART OF ONGOING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

CK Hutchison Gets European Commission's Approval For Acquisition Of Veon's Stake In Wind Tre
Friday, 31 Aug 2018 10:16am EDT 

Aug 31 (Reuters) - CK Hutchison Holdings Ltd <0001.HK>::FINAL REGULATORY APPROVALS RECEIVED FOR ACQUISITION OF VEON'S ENTIRE INTEREST IN VIP-CKH LUXEMBOURG S.À R.L. AND VIP-CKH IRELAND.ON 31 AUGUST 2018, EUROPEAN COMMISSION ANNOUNCED ITS DECISION TO APPROVE TRANSACTION.COMPLETION OF TRANSACTION IS EXPECTED TO OCCUR ON OR ABOUT 7 SEPTEMBER 2018.  Full Article

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

Veon names chairwoman Ursula Burns as CEO

AMSTERDAM, Dec 13 Ursula Burns, chairwoman of telecommunications company Veon Ltd, has now been formally named to the top executive post, the mobile phone operator said on Thursday.