VEON Group Board and Management Delegation Visit Ukraine, Highlighting Commitment to the Country’s Future
23 Oktober 2023 - 2:35PM
VEON Group Board and Management Delegation Visit Ukraine,
Highlighting Commitment to the Country’s Future
Kyiv, 23 October 2023 – VEON Ltd. (NASDAQ:
VEON, Euronext Amsterdam: VEON), a global digital operator that
provides converged connectivity and online services, has today sent
a senior delegation to Ukraine consisting of members of the VEON
Board and Management. The delegation will visit Kyiv and Lviv,
meeting with Kyivstar employees, Kyivstar’s community support
projects, government officials and representatives of diplomatic
missions.
“Kyivstar’s 4000 heroes have done a tremendous job over the past
20 months keeping Ukraine connected andsupporting the resilience of
the country even as the war raged on. Having pledged USD 600
million to the recovery and reconstruction of Ukraine, it is our
privilege to plan our future investments, which is one of the main
goals of our visit. While in Kyiv, we will also address some recent
concerns and demonstrate once again that VEON is not a liability
but an asset for the country. We are here to stay and are committed
to Ukraine. We would like our business to be understood and
reflected as what it really is: an exemplary international
investment success story in Ukraine.” said Kaan Terzioglu, VEON
Group CEO.
The delegation’s visit follows VEON’s announcement on 9 October
2023 that it has closed the sale of its Russia operations and
completed its exit from Russia – one of the most significant
corporate exits given VEON’s public listing and the relative size
of the asset. VEON had committed USD 600 million to Ukraine’s
recovery and reconstruction over the next years during the “Ukraine
Recovery Conference” in London in June.
VEON is the parent company and the sole owner of Kyivstar, the
largest telecoms operator in Ukraine, that serves 25 million
customers and has kept Ukraine connected through extremely
challenging conditions. Headquartered in Amsterdam, the
Netherlands, VEON is a Nasdaq- and Euronext Amsterdam-listed
company with a global investor base that includes US, EU and UK
individuals and institutions, and does not have a controlling or
majority shareholder. VEON recently responded to speculation
on Kyivstar ownership with a statement (available here on the
company website), re-asserting that it is the sole and rightful
owner of Kyivstar and that it intends to use all available avenues
to preserve the rights of VEON and Kyivstar.
About VEON VEON is a digital operator that
provides converged connectivity and digital services to nearly 160
million customers. Operating across six countries that are
home to more than 7% of the world’s population, VEON is
transforming lives through technology-driven services that empower
individuals and drive economic growth. Headquartered in
Amsterdam, VEON is listed on NASDAQ and Euronext. For more
information visit: https://www.veon.com.
Disclaimer This release contains
“forward-looking statements,” as the phrase is defined in Section
27A of the U.S. Securities Act of 1933, as amended, and Section 21E
of the U.S. Securities Exchange Act of 1934, as amended.
Forward-looking statements are not historical facts, and include
statements relating to, among other things, VEON’s strategy and
investment plans. Forward-looking statements are inherently subject
to risks and uncertainties, many of which VEON cannot predict with
accuracy and some of which VEON might not even anticipate. The
forward-looking statements contained in this release speak only as
of the date of this release. VEON does not undertake to publicly
update, except as required by U.S. federal securities laws, any
forward-looking statement to reflect events or circumstances after
such dates or to reflect the occurrence of unanticipated
events.
Contact Information:
VEON Hande Asik Group Director of Communication
pr@veon.com
TUVA Partners Julian Tanner Julian.tanner@tuvapartners.com
- VEON and Kyivstar together in Kyiv, Ukraine.
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