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VEON Ltd (VEON.OQ)

VEON.OQ on NASDAQ Stock Exchange Global Select Market

3.56USD
16 Feb 2018
Change (% chg)

$0.00 (+0.00%)
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Volume
255,656
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Latest Key Developments (Source: Significant Developments)

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

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

Veon ‍announces business collaboration with HGC
Wednesday, 27 Sep 2017 04:09am EDT 

Sept 27 (Reuters) - VEON LTD ::‍ANNOUNCES BUSINESS COLLABORATION WITH HGC TO GROW BUSINESSES IN ENTERPRISE MARKET​.‍TWO COMPANIES WILL PROVIDE A SINGLE VIRTUAL SALES TEAM FOR B2B SERVICES​.COMPANIES ‍TO UTILISE THEIR INTERNATIONAL BACKBONE INFRASTRUCTURE TO PROVIDE MULTINATIONAL CUSTOMERS WITH VPN SERVICE​.  Full Article

Telenor East Holding II offers for sale 90,000,000 common shares
Thursday, 21 Sep 2017 05:05am EDT 

Sept 21 (Reuters) - VEON LTD ::ANNOUNCED ON WEDNESDAY THAT TELENOR EAST HOLDING II AS OFFERS FOR SALE 90,000,000 COMMON SHARES .COMMON SHARES TO BE IN FORM OF AMERICAN DEPOSITARY SHARES LISTED ON THE NASDAQ GLOBAL SELECT MARKET AND COMMON SHARES LISTED ON EURONEXT AMSTERDAM.OFFERING REPRESENTS 5.1 PCT OF VEON’S TOTAL OUTSTANDING EQUITY.FOLLOWING COMPLETION OF OFFERING, TELENOR IS EXPECTED TO HOLD 14.6 PCT OF VEON’S TOTAL OUTSTANDING EQUITY.  Full Article

Telenor to complete the divestment of its interests in Veon
Wednesday, 20 Sep 2017 04:09pm EDT 

Sept 20 (Reuters) - Telenor Asa :Telenor to complete the divestment of its interests in Veon.Commenced an offering of 90 million of common shares in Veon Ltd in form of common shares listed on Euronext Amsterdam and ADSs.Says price at which Telenor will sell common shares and ADSs has not yet been determined.Currently owns approximately 346.7 million ADSs, which represents 19.7 per cent of Veon's total outstanding common shares.  Full Article

VEON says Trond Westlie to join as group's CFO
Friday, 15 Sep 2017 01:16am EDT 

Sept 15 (Reuters) - VEON LTD ::TROND WESTLIE TO JOIN VEON AS GROUP CFO, ANDREW DAVIES TO STEP DOWN AFTER FOUR YEARS.TROND WESTLIE WILL JOIN VEON ON OCT 2 2017 AND ASSUME HIS DUTIES AS CFO FOLLOWING Q3 RESULTS ON 9 NOVEMBER 2017.  Full Article

VEON says new official exchange rate in Uzbekistan to directly impact reported results
Friday, 15 Sep 2017 01:16am EDT 

Sept 15 (Reuters) - VEON LTD ::‍IMPACT OF CURRENCY REGIME DEVELOPMENTS IN UZBEKISTAN​.‍NEW OFFICIAL UZBEK EXCHANGE RATE WILL DIRECTLY IMPACT REPORTED RESULTS FOR VEON GROUP FOR TWO REASONS​.‍EXPECTS ANNUALIZED DECREASES IN REVENUES OF USD 300-350 MILLION AND IN UNDERLYING EBITDA OF USD 175-225 MILLION​.‍UZBEK SOM RESULTS OF UNITEL WILL NOW BE TRANSLATED INTO U.S. DOLLARS AT A HIGHER EXCHANGE RATE​.‍ BASED ON 2016 TOTAL ANNUAL REVENUES IMPACT REPRESENTS APPROXIMATELY 3.5% OF REVENUES AND APPROXIMATELY 5.5% OF UNDERLYING EBITDA​.‍GROUP'S NET DEBT / UNDERLYING EBITDA RATIO IS EXPECTED TO IMMEDIATELY INCREASE BY 0.1X AND NET ASSETS ARE EXPECTED TO DECREASE BY USD 485 MILLION.​.‍UNITEL AND ALL OTHER TELECOMMUNICATIONS OPERATORS WILL EXPERIENCE EROSION OF EBITDA RESULTING FROM FIXING OF TARIFFS FROM U.S. DOLLARS TO UZBEK SOM AT PRIOR OFFICIAL EXCHANGE RATE​.‍2017 GUIDANCE FOR LOW SINGLE DIGIT ORGANIC REVENUE GROWTH REMAINS INTACT.​.‍UNDERLYING EBITDA MARGIN IS NOW EXPECTED TO SHOW FLAT TO LOW SINGLE DIGIT ORGANIC GROWTH​.‍THEREFORE ANTICIPATE THAT GROUP WILL GENERATE UNDERLYING EQUITY FREE CASH FLOW (BEFORE LICENSE SPECTRUM FEES) OF BETWEEN USD 850 AND 950 MILLION IN 2017​.  Full Article

BRIEF-Veon Says Ukrainian Subsidiary Secured One Of 3 Licenses To Provide 4G/LTE Services​

* UKRAINIAN SUBSIDIARY ‍HAS SECURED ONE OF THREE LICENSES TO PROVIDE NATIONWIDE 4G/LTE SERVICES​