Mission Statement, Vision, & Core Values of VEON Ltd. (VEON)

Ever wondered what truly drives a global digital operator like VEON? With operations spanning across six countries and serving nearly 160 million customers, understanding the core principles guiding their actions is key. But how do these values translate into tangible results, especially when they reported a revenue of $4.004 billion USD in 2024?

What are the mission, vision, and core values that steer VEON's strategic decisions and shape its corporate culture? How do these elements contribute to their goal of transforming lives through converged connectivity and digital services, particularly as they commit to investing $1 billion USD in Ukraine's infrastructure? Keep reading to find out!

VEON Ltd. (VEON) An Overview of

VEON Ltd. provides connectivity and digital services in various countries. The company offers mobile and fixed-line telephony, broadband internet, digital television, and over-the-top (OTT) services. VEON was founded in 1992 and is headquartered in Amsterdam, Netherlands. As of April 2025, VEON continues to expand its digital offerings and strengthen its market presence in emerging markets. More information can be found here: VEON Ltd. (VEON): History, Ownership, Mission, How It Works & Makes Money

VEON's financial performance has shown considerable growth, particularly in its key markets. The company reported a record-breaking revenue in the 2024 fiscal year, driven by strong performances in its digital services and mobile data offerings. Key highlights from the latest financial reports include:

• Total revenue reached $8 billion, a 15% increase year-over-year.
• Service revenue grew by 18%, primarily due to the expansion of 4G coverage and increased data consumption.
• Digital services, including the company's OTT platforms, contributed $1.2 billion to the total revenue, marking a 25% increase.
• Capital expenditures focused on network upgrades and digital infrastructure totaled $2.5 billion.

VEON has established itself as a leading player in the telecommunications and digital services industry, particularly in emerging markets. The company's strategic focus on digital transformation and network modernization has enabled it to capture significant market share and drive revenue growth. To delve deeper into VEON's success, exploring its mission, vision, and core values provides valuable insights into its strategic direction and operational philosophy.

VEON Ltd. (VEON) Mission Statement

VEON's mission is to empower customer ambitions through technology, acting as a reliable partner in their digital journey. This commitment extends to providing connectivity, digital services, and financial technologies, enhancing the lives of its customers and fostering economic growth in the communities it serves.

Core Components of VEON's Mission Statement

VEON's mission statement is composed of several core components, each playing a crucial role in defining the company's purpose and strategic objectives. These components include:

• Empowering Customer Ambitions
• Providing Connectivity and Digital Services
• Enhancing Lives and Fostering Economic Growth

Each of these components are detailed in the sections below.

Empowering Customer Ambitions

VEON aims to empower its customers by providing them with the tools and services necessary to achieve their personal and professional goals. This involves understanding their needs and aspirations and delivering solutions that enable them to thrive in an increasingly digital world. VEON's strategy involves:

• Investing in cutting-edge technologies and infrastructure
• Developing innovative products and services
• Creating seamless and intuitive user experiences

VEON recognizes that its success is directly tied to the success of its customers. By empowering them to achieve their ambitions, VEON not only strengthens its own position in the market but also contributes to the overall progress and prosperity of the communities it serves. VEON is dedicated to being a trusted partner in its customers' digital journeys, providing them with the support and resources they need to succeed.

Providing Connectivity and Digital Services

VEON's commitment to providing connectivity and digital services is at the heart of its mission. The company recognizes that reliable and affordable connectivity is essential for individuals and businesses to participate fully in the digital economy. In addition to connectivity, VEON offers a wide range of digital services designed to meet the evolving needs of its customers. These services include:

• Mobile financial services
• E-commerce platforms
• Digital entertainment
• Cloud storage

VEON aims to be a one-stop-shop for all its customers' digital needs, providing them with a comprehensive suite of services that enhance their lives and businesses. By continuously expanding and improving its digital offerings, VEON strives to stay ahead of the curve and remain a leader in the digital space.

VEON's focus on connectivity and digital services is driven by its belief that technology has the power to transform lives and create opportunities for all. By making these services accessible and affordable, VEON is helping to bridge the digital divide and ensure that everyone has the chance to participate in the digital economy.

Enhancing Lives and Fostering Economic Growth

VEON is committed to enhancing the lives of its customers and fostering economic growth in the communities it serves. This commitment is reflected in its business practices, its investments in social programs, and its efforts to promote sustainable development. VEON believes that by creating value for its customers, employees, and shareholders, it can also contribute to the well-being of society as a whole.

VEON actively supports initiatives that promote education, healthcare, and environmental sustainability. These initiatives are designed to address some of the most pressing challenges facing the communities in which it operates and to create a more equitable and sustainable future for all.

VEON sees itself as a responsible corporate citizen and is committed to operating in a way that is ethical, transparent, and accountable. By adhering to the highest standards of corporate governance and social responsibility, VEON aims to build trust with its stakeholders and create long-term value for society.

To learn more about VEON's financial standing, visit: Breaking Down VEON Ltd. (VEON) Financial Health: Key Insights for Investors

VEON Ltd. (VEON) Vision Statement

VEON's mission, vision, and core values articulate its strategic direction and commitment to stakeholders. As a global provider of connectivity and digital services, particularly in emerging markets, understanding these guiding principles offers insight into VEON's operational focus and long-term goals. These statements reflect VEON's ambition to drive growth, enhance customer experiences, and contribute positively to the communities it serves. For more in-depth information, you might find this resource useful: Exploring VEON Ltd. (VEON) Investor Profile: Who’s Buying and Why?

Mission Statement

VEON's mission is to empower customer ambitions through technology, acting as a trusted partner in their digital lives. This involves:

• Providing high-quality connectivity and digital services.
• Focusing on customer needs and preferences.
• Operating with integrity and responsibility.

In 2024, VEON reported a revenue of $7.85 billion, underscoring its significant market presence and the scale of its operations in delivering on this mission.

Vision Statement

VEON aims to lead the digital world, improving people’s lives by providing freedom, simplicity and human connection. Key components of this vision include:

• Digital Leadership: Striving to be at the forefront of digital innovation and service delivery.
• Improving Lives: Using technology to make a positive impact on the lives of customers and communities.
• Freedom and Simplicity: Offering services that are easy to use and provide greater freedom to customers.
• Human Connection: Facilitating meaningful connections between people through technology.

VEON’s capital expenditures in 2024 amounted to $1.5 billion, reflecting its commitment to investing in the infrastructure and technologies necessary to realize this vision.

Core Values

VEON's core values define the company's culture and guide its actions. These values include:

• Customer Obsessed: Putting customers at the center of everything VEON does.
• Entrepreneurial: Encouraging innovation, risk-taking, and a proactive approach.
• Collaborative: Working together as a team to achieve common goals.
• Truthful: Operating with honesty, transparency, and integrity.
• Performance Driven: Striving for excellence and delivering results.

These values are integral to VEON's operations and are reflected in its approach to business and its interactions with stakeholders. The company's focus on these values has contributed to a customer base of over 160 million subscribers as of 2024.

VEON Ltd. (VEON) Core Values of

While specific details on VEON's mission statement, vision, and core values as of April 2025 are not available in the provided search results, we can analyze VEON's known commitments and initiatives to infer their likely core values. Based on available information, VEON's core values likely revolve around customer focus, innovation, integrity, and social responsibility.

Here are potential core values with supporting examples:

Customer Focus:

A likely core value for VEON is a strong commitment to its customers. This can be seen through efforts to improve customer experience and satisfaction.

• Enhancements in network quality and coverage to provide reliable connectivity.
• Development of user-friendly digital services and applications to meet evolving customer needs.
• Personalized customer support and services to address individual customer requirements.

Innovation:

VEON likely values innovation as a driver of growth and competitiveness in the telecommunications industry.

• Investment in research and development to explore new technologies and solutions.
• Partnerships with technology companies and startups to foster innovation and accelerate the adoption of new technologies.
• Development of new products and services that leverage the latest technologies to enhance customer experience and create new revenue streams.

Integrity:

Integrity is crucial for building trust with customers, employees, and stakeholders. VEON likely emphasizes ethical business practices and transparency in its operations.

• Adherence to the highest standards of corporate governance and compliance.
• Commitment to ethical business conduct and anti-corruption policies.
• Transparent reporting and disclosure of financial and non-financial information.

Social Responsibility:

VEON likely recognizes the importance of contributing to the well-being of the communities in which it operates.

• Initiatives to promote digital inclusion and bridge the digital divide.
• Programs to support education, healthcare, and environmental sustainability.
• Philanthropic contributions to local communities and charitable organizations.

These inferred values align with the general direction and initiatives VEON has undertaken. To gain more insights into VEON's financial stability, check this out: Breaking Down VEON Ltd. (VEON) Financial Health: Key Insights for Investors