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Tag: veon
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.
Tags: results
april
turn
lower
VEON appoints new CEO of Beeline Russia
2020-04-03 02:00:00| Total Telecom industry news
VEON has today announced that Alexander Torbakhov has been named the next CEO of its Russian subsidiary, Beeline. Current Beeline CEO, Vasyl Latsanych, announced in February that he would be stepping down from his position in June. Later that month…read more on TotalTele.com »
Tags: russia
ceo
appoints
beeline
Veon names new CEOs after meeting FY targets, targets similar organic growth in 2020
2020-02-14 09:15:00| Telecompaper Headlines
(Telecompaper) Veon Group said it met or exceeded its targets for growth in organic revenue, EBITDA and cash flow for 2019 and declared a final dividend of 15 cents per share. The company also announced the new co-CEOs Sergi Herrero and Kaan Terzioglu. They will take over from 01 March from Ursula Burns, who will return to being chair of the group.
Tags: in
similar
names
meeting
Veon revenues fall in Q3 on weak Russian market, Pakistan court ruling
2019-11-04 08:53:00| Telecompaper Headlines
(Telecompaper) Veon reported a drop in revenues for the third quarter, hurt by drop in customers in its largest market Russia and a negative tax ruling in Pakistan. Revenues fell 4.0 percent to USD 2.223 billion and were down 0.9 percent on an organic basis. Veon said it was still on track for its full year outlook of low single digit organic growth, after a 4.6 percent increase over the first nine months.
Tags: market
fall
court
russian
Veon targets growth in new services, dividend at 50% of cash flow
2019-09-03 09:42:00| Telecompaper Headlines
(Telecompaper) Veon has updated its strategy and targets at an investors day with analysts. The company increased its EBITDA growth target for this year and said it aims to grow in future from more new services and assets, beyond its core connectivity business. In addition, the group set a new policy to pay out at least 50 percent of cash flow as dividends.