Surpassing Digital Service Users
In September, VEON's monthly digital service users surpassed monthly telecom SIM card users for the first time, marking a significant milestone in their journey as a digital operator.
Revenue and EBITDA Growth
VEON's revenues grew 7.5% year-on-year in U.S. dollar terms, while U.S. dollar EBITDA increased by 19.7% year-on-year. The company has raised its fiscal year 2025 EBITDA outlook to 16% to 18% growth in local currency terms.
Digital Services Expansion
Direct digital revenues grew 63% in U.S. dollar terms, now contributing 17.8% of total group revenues, with significant growth in financial services and other digital segments.
Asset-Light Strategy Progress
Completion of the sale of Kyrgyzstan operations and a new global framework agreement with Starlink for satellite connectivity.
Kyivstar Listing on NASDAQ
The listing unlocked significant value, with a current market valuation of $2.8 billion compared to $1.25 billion of equity.