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Tag: veon
Veon raises dividend as H1 results track ahead of FY growth outlook
2019-08-01 08:42:00| Telecompaper Headlines
(Telecompaper) Veon reported second-quarter results ahead of its full-year outlook. Organic revenues rose 7.5 percent, and adjusted EBITDA was up 11.1 percent, compared to a forecast for low single-digit growth in revenue and low to mid single-digit growth in EBITDA. The growth was supported mainly by the operations in Pakistan and Ukraine, offsetting flat results in Russia and declines in Algeria and Uzbekistan.
Tags: results
track
growth
ahead
Veon appoints Facebook exec as COO of Veon Ventures
2019-07-16 10:36:00| Telecompaper Headlines
(Telecompaper) Veon Group has appointed Sergi Herrero as the COO of the new Veon Ventures division effective from September. Herrero will be a member of the Veon's Group executive committee and report to the chairman and CEO, Ursula Burns. Veon Ventures is a new division set up to grow the telecom operator's potential market in adjacent sectors of digital services.
Tags: facebook
ventures
exec
coo
Last week in telecoms: Veon wins, United Internet loses, and infrastructure providers are the biggest winners of 2019 YTD
2019-06-24 07:00:00| Telecompaper Headlines
(Telecompaper) The Telecompaper Stock Index European Telecoms Services was up just 0.3 percent in week 25, behind the market's broader recovery as per the Eurostoxx 50's gain of 2.6 percent. United Internet, fresh out of the German multiband auction as a newcomer mobile network operator, was the weakest share, losing 7.9 percent. SES was down 7.5 percent as uncertainty over its 5G spectrum holdings in the US persists. VEON was the biggest winner (+18%), followed by Orange Poland (+10%). Of the index heavyweights, Deutsche Telekom was virtually unchanged (+0.1%) and Vodafone lost 2.5 percent.
Veon Q1 profit boosted by Ericsson settlement, organic revenue up 7.4%
2019-05-02 09:00:00| Telecompaper Headlines
(Telecompaper) Veon reported strong underlying results in the first quarter, ahead of its full-year outlook, with organic revenues up 7.4 percent and adjusted EBITDA up 37 percent. The company said it saw a strong performance in its largest markets Pakistan, Ukraine, Bangladesh and Russia, and also benefited from cost-cutting efforts and the USD 350 million settlement with Ericsson.
Tags: up
profit
revenue
organic
Veon revises Ericsson contract, to receive USD 350 mln
2019-02-25 06:11:00| Telecompaper Headlines
(Telecompaper) Veon has revised its contract with Ericsson to upgrade its core IT systems in several countries in the coming years and to release Ericsson from the development and delivery of the Full Stack Revenue Manager Solution. Veon and Ericsson have signed binding terms to vary the existing agreements, and as a result, Veon said it will receive USD 350 million during the first half of this year.
Tags: receive
contract
usd
ericsson