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Stock impact report

VEON and Kyivstar increase Ukraine investment commitment to USD 1 billion, attend Ukraine Recovery Conference in Berlin

VEON Ltd. - American Depositary Shares (VEON) 
US:NASDAQ Investor Relations: veon.com/investor-relations
Company Research Source: GlobeNewswire
Berlin and Kyiv, 10 June 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that VEON, through its 100%-owned subsidiary Kyivstar, plans to increase its commitment to rebuild Ukraine’s digital infrastructure to USD 1 billion over the five-year period from 2023 through 2027. This is an increase from the previously announced USD 600 million investment commitment for the three-year period between. The commitment will fund investments into network and digital services, including potential acquisitions or the development of new assets, social contributions and partnerships. The Chairman of VEON board of directors and VEON founder Augie Fabela, VEON and Kyivstar board member and former U.S. Secretary of State Michael R. Pompeo, and Kyivstar CEO Oleksandr Komarov will attend the Ukraine Recovery Conference 2024 in Berlin later this week, to highlight VEON’s and Kyivstar’s current Show less Read more
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