VEON (VEON) has released an update.
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VEON Ltd., a global digital operator, has announced ambitious growth targets at its Capital Markets Day 2024, aiming for a 16%-19% compound annual growth rate (CAGR) in local currency revenue and a 19%-22% CAGR in EBITDA from 2023 to 2027. The company also plans to generate up to $1 billion in equity free cash flow and expand its digital strategy, with a focus on increasing multiplay customer share to 50% by 2027. These goals are part of VEON’s strategy to enhance investor value and capitalize on emerging market opportunities with its digital operator model and AI-enhanced services.
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