Home Veon Q2 results hit by Covid-19 restrictions, hopes for gradual recovery in H2
 

Keywords :   


Veon Q2 results hit by Covid-19 restrictions, hopes for gradual recovery in H2

2020-08-06 08:37:00| Telecompaper Headlines

(Telecompaper) Veon reported second-quarter revenues down 16.3 percent year-on-year to USD 1.89 billion, hurt by store closures and reduced roaming due to Covid-19 restrictions. EBITDA was down 18.7 percent to USD 809 million. The operator said it expects a gradual recovery in sales and EBITDA in the second half of the year, assuming lockdown restrictions are slowly lifted. 

Tags: in results hit recovery

Category:Telecommunications

Latest from this category

All news

28.02Fostering Leadership with the Fanatical Leadership Academy at Rackspace University
Telecommunications »
14.03UK economy shrank unexpectedly in January
14.03Car sharing switches to electric to boost appeal
14.03Exclusive: Every McDonald's in Britain warned of legal action over failing to tackle staff sex abuse
13.03Continental Refining Company targets Southeastern feed mills for cattle-formulated UltraBlend Soymeal
13.03Glenn Laursen Brinkman
13.03U.S. cattle producers hail new WOTUS guidance
13.03Judge orders Trump administration to give fired workers their jobs back
13.03Warning Thames Water collapse could cost taxpayers billions and hit pensions
More »