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Veon withdraws guidance as results turn lower in April

2020-05-07 09:56:00| Telecompaper Headlines

(Telecompaper) Veon reported a small increase in organic revenue in the first quarter of 0.3 percent, while EBITDA fell 1.8 percent on the same base. The company said organic revenues and EBITDA turned lower in April due to pressure on results from the Covid-19 pandemic, and Veon withdrew its previous guidance for 2020 results due to the uncertain outlook. 

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