VEON Stock Recent News

Veon , the parent company of Ukraine's largest mobile operator Kyivstar, will take a hit of around 3.6 billion hryvnias ($95 million) in revenue in 2024 due to a massive cyberattack in December, the Dutch telecoms group estimated on Thursday.

New York, 20 December 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, recently participated in an investor conference organized by New Street Research and Boston Consulting Group in New York, highlighting the achievements of its digital operator strategy.

VEON Ltd. (NASDAQ:VEON ) Q3 2023 Earnings Conference Call November 20, 2023 8:00 AM ET Company Participants Faisal Ghori - Head, Investor Relations Kaan Terzioğlu - Chief Executive Officer Joop Brakenhoff - Group Chief Financial Officer Faisal Ghori Hi, good morning, and afternoon, and thank you for everyone joining us today for VEON's Third Quarter Presentation for the Period Ending September 30, 2023. I'm Faisal Ghori, Head of Investor Relations.

VEON Ltd. VEON, +0.36% VEON, +5.84% has finalized a sale agreement to exit Russia, the Netherlands-based internet services provider announced Wednesday. The company has agreed with the buyer, which is owned by certain senior members of the PJSC Vimpelcom management team, amendments to the sale and purchase agreement for its Russian operations.

Veon (NASDAQ: VEON ) stock appears to be rocketing over 900% higher on Wednesday morning but that's only due to an American Depositary Receipts (ADRs) ratio change. This ratio change has holders of the company's ADRs required to submit them to the company.

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VEON's stock has been hit hard this year due to its exposure to the Russian and Ukrainian telecom markets. Despite this, the company has shown resilience and its valuation is deeply discounted.

Investors may need to wait till June to know for sure if Veon is a buy.

Amsterdam-listed mobile operator Veon on Thursday said it will sell its Russian business, Vimpelcom, to senior members of the management team, led by CEO Aleksander Torbakhov, for 130 billion roubles ($2.15 billion).

Mobile ARPU grows in all markets in Q3. The aggressive rally out of its recent lows points to this trend continuing.