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United Kingdom

VEON Ltd (VEON.OQ)

VEON.OQ on NASDAQ Stock Exchange Global Select Market

3.07USD
22 Feb 2018
Change (% chg)

$-0.51 (-14.25%)
Prev Close
$3.58
Open
$3.59
Day's High
$3.59
Day's Low
$3.05
Volume
5,182,394
Avg. Vol
710,661
52-wk High
$4.50
52-wk Low
$3.05

Latest Key Developments (Source: Significant Developments)

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

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 

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 

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 

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 

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

Telenor still intends to sell Vimpelcom stake, no update on timeline -CEO
Tuesday, 19 Jul 2016 

Telenor CEO Sigve Brekke made the following statements when asked for an update on the company's intention to sell its stake in Vimpelcom : Says no change in our intention to sell Vimpelcom stake, still working to execute that intention . Declined to provide any update on timeline for exit Further company coverage: [TEL.OL] (Reporting By Gwladys Fouche, editing by Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Hutchison, Vimpelcom in exclusive talks with Iliad to sell Italy assets- Bloomberg
Monday, 4 Jul 2016 

:Hutchison, Vimpelcom enter exclusive negotiations with French carrier Iliad to sell wireless assets in Italy - Bloomberg, citing sources.  Full Article

Vimpelcom Q1 net income $189 million
Thursday, 12 May 2016 

Vimpelcom Ltd : Results on track and FY16 guidance confirmed . Q1 total mobile customers 194 million versus 195.1 million . Q1 revenue organic growth of 4% yoy, driven by strong growth in emerging markets and Eurasia . Will maintain strategy of investing in high-speed data networks to capture mobile data growth . "Macro-economic slowdown and weakened ruble continued to negatively impact revenue growth and profitability in Russia" . Qtrly net income attributable to Vimpelcom shareholders $189 million versus $184 million . Announced Tom Gutjahr as new CEO of Optimum Telecom Algeria, a company operating under the Djezzy brand name . Vimpelcom reports positive revenue momentum with 1Q 2016 results, FY16 guidance confirmed .Q1 revenue $2.0 billion versus I/B/E/S view $2.03 billion.  Full Article

Vimpelcom Ltd - EU antitrust regulators to block Hutchison's O2 deal - sources - Reuters News
Monday, 25 Apr 2016 

Vimpelcom Ltd:European Union antitrust regulators will veto CK Hutchison Holdings's 10.3-billion-pound ($14.9 billion) bid to become Britain's biggest mobile operator, two people familiar with the matter said on Monday. - RTRS.The European Commission will this week seek the green light from national competition agencies for its decision, the people said.Such a move is usually a formality. Hutchison, controlled by Asia's richest man Li Ka-shing, had faced an uphill battle getting EU clearance for its proposed buy of Telefonica's UK mobile unit O2.A package of concessions designed to boost smaller rivals failed to address Commission concerns that the deal may result in higher prices for consumers and less competition in Britain, the people said.  Full Article

Vimpelcom Ltd- EU regulators extend Hutchison, Vimpelcom deal probe by a week - Reuters News
Thursday, 21 Apr 2016 

Vimpelcom Ltd:European Union antitrust regulators have extended their investigation into a plan by CK Hutchison Holdings and Vimpelcom to merge their Italian mobile businesses after the companies asked for more time. - RTRS.The European Commission said it would now decide by Aug. 18 instead of Aug. 10 whether to clear the 21.8 billion euro ($24.6 billion) deal, which would create a stronger player to Telecom Italia and Vodafone.The deal faces stringent scrutiny because it would reduce the number of Italian mobile network operators to three from four.Hutchison is already facing an uphill battle to get EU approval for a similar four-to-three acquisition in the UK."The deadline was extended at the parties' request, as allowed for by the Merger Regulation," Commission spokesman Ricardo Cardoso said in an email.  Full Article

UPDATE 2-Veon shares jump on Q4 results, despite Uzbek currency setback

AMSTERDAM, Feb 22 Mobile telecommunications company Veon said on Thursday fourth-quarter core profit fell nearly 4 percent to $753 million, mainly due to the devaluation of the Uzbek som, but a strong cash flow and underlying sales growth boosted its shares.