VEON ( (VEON) ) just unveiled an announcement.
On March 19, 2025, VEON’s subsidiary Kyivstar announced the acquisition of Uklon, Ukraine’s leading ride-hailing and delivery platform, for USD 155.2 million. This strategic move aligns with VEON’s digital operator strategy and expands Kyivstar’s digital consumer services. Uklon, operating in 27 Ukrainian cities, will continue under CEO Serhii Hryshkov, with plans to enhance its services in Ukraine and beyond. This acquisition underscores VEON’s commitment to Ukraine’s digital economy, alongside a USD 1 billion investment pledge and a forthcoming Nasdaq listing for Kyivstar.
More about VEON
VEON Ltd. is a global digital operator providing converged connectivity and digital services to nearly 160 million customers across six countries. The company is listed on NASDAQ and focuses on transforming lives through technology-driven services that empower individuals and drive economic growth. Kyivstar, a subsidiary of VEON, is Ukraine’s largest digital operator, offering a range of mobile and fixed line technologies, and has committed significant investments in Ukraine’s telecom infrastructure.
YTD Price Performance: 7.68%
Average Trading Volume: 137,144
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.25B
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