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Veon grows underlying results in Q2, raises interim dividend

2018-08-02 09:31:00| Telecompaper Headlines

(Telecompaper) Veon has maintained its full-year outlook for a small increase in organic revenues and EBITDA, after reporting underlying growth in the second quarter. The company also announced a small increase in its interim dividend, to USD 0.12 per share from USD 0.11. 

Tags: results underlying interim raises

 

Last week in telecoms: M&A positive for Veon, negative for Inmarsat and Altice

2018-07-09 07:30:00| Telecompaper Headlines

(Telecompaper) Last week's share price performances were positive enough to bring our European telecoms index back to a level we hadn't seen since the middle of May. Veon was the absolute winner, followed by Turk Telekom (+12%). The three Belgain shares in our basket showed strong recovery from recent weakness: Telenet (+12%), Proximus (+7.7%) and Orange BE (+6.9%). We also recorded some double digit losses, for Telekom Slovenije, Inmarsat and Polish Play Communications (-11%).

Tags: week positive negative telecoms

 
 

Hutch buys Veon out of Wind Tre for 2.45bn

2018-07-03 02:00:00| Total Telecom industry news

CK Hutchison will take sole control of Italian mobile joint venture Wind Tre with the acquisition of partner Veon's stake for €2.45 billion. The Hong Kong firm and Veon merged their Italian mobile businesses, Tre Italia and Wind respectively, in late 2016, each taking a 50% stake. Veon said its exit from Wind Tre will allow it pay down debt and increase its focus on emerging markets…read more on TotalTele.com »

Tags: wind tre buys hutch

 

Veon organic revenues rise but net loss widens in Q1

2018-05-14 09:12:00| Telecompaper Headlines

(Telecompaper) Total revenues dipped 1.4 percent lower from the year before to USD 2.250 billion, hurt by the devaluation of the Uzbek and Pakistani currencies. Organically, revenues lifted 3.2 percent, driven by operations in Russia, Pakistan, Ukraine and Uzbekistan, partially offset by continued weakness in Algeria and Bangladesh. Revenues from mobile data meanwhile jumped almost 16 percent to USD 505 million. Total mobile customer numbers, excluding the company's Italian joint venture, advanced 1.8 percent year-on-year to 210 million.

Tags: net loss rise organic

 

Veon to sell Beeline Tajikistan to local shareholder

2018-04-09 11:16:00| Telecompaper Headlines

(Telecompaper) Veon Group plans to sell its subsidiary, the mobile operator Takom, working under the Beeline Tajikistan brand. Veon concluded an agreement on the sale of the Virgin Islands-based company Vimpelcom AG owning a 98 percent stake in Beeline Tajikistan, a spokesman for the company confirmed. The company Zet Mobile Limited, which already owns a 2 percent stake in Beeline Tajikistan, will acquire the rest of the shares.    

Tags: local sell tajikistan shareholder

 

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