Veon
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Veon has agreed to sell 50.1% of its indirect stake in Beeline Kyrgyzstan to CG Cell Technologies, which is wholly owned by CG Corp Global. -
Veon and its subsidiary Kyivstar confirm the implementation of its US$600 million investment in rebuilding Ukraine, as first announced in June 2023.
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VEON owned Banglalink, one of Bangladesh’s four mobile network operators, has agreed to sell 2000 towers to one of Bangladesh’s four licenced towercos, Summit Towers.
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Veon has completed its exit from Russian market with the sale of its business in the country to senior members of the Vimpelcom management team led by CEO Aleksander Torbakhov.
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Starlink services were cut off by Musk during a planned drone strike, sparking fury from Ukrainian generals
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Veon has announced plans to invest the equivalent of US$600 million in the recovery of Ukraine over the next three years, all through its subsidiary Kyivstar.
Forthcoming events
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Veon is hoping that its sale of its Russian subsidiary Vimpelcom will be complete on or before 1 June.
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Veon has appointed a new CFO, to replace Serkan Okandan, who is leaving at the end of April after three years.
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Veon has appointed Lasha Tabidze as its dedicated group DO1440 officer.
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Satellite company OneWeb is to provide Veon with mobile internet connectivity and digital services in emerging markets.
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Veon confirms that Banglalink, its digital operator in Bangladesh, has signed a tri-party agreement with Teletalk and Summit Towers on sharing telecom infrastructure.
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Veon’s Beeline network has launched mobile connectivity across the metro service in the capital city of Tashkent, Uzbekistan.
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Veon is likely to complete sale of its Russian division to the management by 1 June, the company said this morning.
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The CEO of Veon has issued a stark warning to lenders that it needs more time to pay back its notes, some of which are due in February and others in April.
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Veon and Turkcell have partnered to deliver Turkcell's instant free communication platform, BiP, in Pakistan through Veon’s digital operator, Jazz.
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Veon is to sell its operations in Russia to the management for the equivalent of US$2.1 billion, more than twice the current market cap of the whole group.
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Veon is looking for a Russian buyer of its VimpelCom business, and is making sure that it is one that is not subject to Western sanctions, says the CEO.
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Veon is packing up and moving out of Russia, where it owns the VimpelCom network that operates under the Beeline brand.
