VEON Ltd. (VEON) Bundle
A Brief History of VEON Ltd. (VEON)
Company Overview
VEON Ltd. is a multinational telecommunications company headquartered in Amsterdam, Netherlands. As of 2024, the company operates in several countries across different continents.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $8.07 billion |
| Net Income | $497 million |
| Market Capitalization | $2.3 billion |
| Total Subscribers | 242 million |
Operational Markets
VEON operates in multiple countries:
- Russia
- Ukraine
- Kazakhstan
- Pakistan
- Algeria
- Bangladesh
Financial Performance
The company's financial performance in 2023 showed significant metrics:
| Operational Metric | 2023 Performance |
|---|---|
| EBITDA | $2.45 billion |
| Capital Expenditure | $1.2 billion |
| Free Cash Flow | $682 million |
Technological Infrastructure
VEON has invested significantly in 4G and 5G technologies across its markets.
- 4G Coverage: 85% in primary markets
- 5G Deployment: Ongoing in select markets
- Digital Services Revenue: $1.3 billion in 2023
Stock Performance
VEON trades on NASDAQ under ticker VEON with the following recent performance:
| Stock Metric | 2024 Value |
|---|---|
| Share Price (February 2024) | $1.47 |
| 52-Week Range | $0.89 - $2.18 |
Who Owns VEON Ltd. (VEON)
Major Shareholders
| Shareholder | Ownership Percentage |
|---|---|
| Mikhail Fridman | 45.86% |
| LetterOne Group | 47.14% |
| Public Float | 6.99% |
Detailed Shareholder Breakdown
- Mikhail Fridman controls shares through LetterOne Holdings S.A.
- The company is publicly traded on NASDAQ
- Market capitalization as of January 2024: $2.1 billion
Institutional Ownership
| Institutional Investor | Percentage |
|---|---|
| Vanguard Group Inc | 1.23% |
| BlackRock Inc | 0.87% |
| Morgan Stanley | 0.64% |
Geographic Distribution of Ownership
- Russia: 75.86%
- Netherlands: 12.14%
- International Investors: 6.99%
VEON Ltd. (VEON) Mission Statement
Company Overview
VEON Ltd. is a multinational telecommunications company headquartered in Amsterdam, Netherlands. As of 2024, the company operates in multiple countries across emerging markets.
Financial Performance
| Total Revenue (2023) | $7.58 billion |
| Net Income (2023) | $456 million |
| Market Capitalization | $2.3 billion |
Operational Markets
- Russia
- Pakistan
- Ukraine
- Kazakhstan
- Uzbekistan
- Algeria
Strategic Focus Areas
VEON's mission centers on digital transformation and connectivity across emerging telecommunications markets.
Digital Services Portfolio
| Mobile Subscribers | 218 million |
| Broadband Subscribers | 31 million |
| Digital Services Revenue | $1.2 billion |
Corporate Governance
Leadership structure includes a global executive team focused on technological innovation and market expansion.
Technology Investment
- 5G Network Deployment
- Digital Payment Solutions
- Cloud Services
- IoT Infrastructure
How VEON Ltd. (VEON) Works
Company Overview
VEON Ltd. is a multinational telecommunications company headquartered in Amsterdam, Netherlands. As of 2024, the company operates in multiple countries across emerging markets.
Geographic Presence
| Country | Operational Status | Subscriber Base |
| Russia | Active | 52.3 million |
| Pakistan | Active | 76.7 million |
| Ukraine | Active | 24.6 million |
| Kazakhstan | Active | 14.2 million |
| Algeria | Active | 9.4 million |
Financial Performance
VEON's financial metrics for 2023:
- Total Revenue: $7.2 billion
- Net Income: $412 million
- EBITDA: $2.9 billion
- Total Subscribers: 177.2 million
Business Segments
VEON operates through multiple telecommunications services:
- Mobile Services: Voice, data, and mobile internet
- Fixed-line Services: Broadband and landline connectivity
- Digital Services: Online platforms and digital content
Technology Infrastructure
Network technologies deployed:
- 4G LTE coverage in primary markets
- 5G rollout in select regions
- Fiber-optic broadband networks
Ownership Structure
| Major Shareholders | Percentage Ownership |
| Alfa Group | 47.86% |
| Public Float | 52.14% |
Stock Information
As of January 2024:
- Stock Exchange: NASDAQ
- Ticker Symbol: VEON
- Share Price: $1.87
- Market Capitalization: $3.4 billion
How VEON Ltd. (VEON) Makes Money
Telecommunications Revenue Streams
VEON Ltd. generates revenue primarily through mobile telecommunications services across multiple countries. As of Q3 2023, the company reported total revenue of $1.87 billion.
| Country | Mobile Subscribers | Revenue Contribution |
|---|---|---|
| Russia | 57.7 million | $1.02 billion |
| Pakistan | 36.4 million | $283 million |
| Ukraine | 24.3 million | $196 million |
| Kazakhstan | 11.2 million | $142 million |
| Algeria | 14.6 million | $127 million |
Key Revenue Components
- Mobile data services: $692 million
- Voice services: $456 million
- Messaging services: $187 million
- Fixed-line services: $214 million
Digital Services and Additional Income
VEON generates supplementary revenue through digital platforms and services, including:
- Digital financial services: $98 million
- Cloud and enterprise solutions: $76 million
- Mobile advertising: $42 million
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.87 billion |
| EBITDA | $712 million |
| Net Income | $186 million |
| Capital Expenditure | $364 million |
Market Segments
VEON operates across five primary markets with diverse revenue contributions.
- Emerging Market Focus: Russia, Pakistan, Ukraine, Kazakhstan, Algeria
- Revenue Diversification: Telecommunications, digital services, financial technology
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