VEON is a publicly owned company headquartered in UAE, with approximately 12,750 employees. The company operates as a global digital operator, specializing in telecoms by providing converged connectivity and digital services across seven countries.
VEON's valuation is under review following its subsidiary Kyivstar's completion of a multi-year US$1.3 billion investment program in Ukraine, which concluded ahead of schedule and surpassed the group's original 2023-2027 commitment by 30%. On April 30, 2026, VEON Group confirmed it fulfilled and exceeded its pledge to invest $1 billion, deploying the $1.3 billion between 2023 and April 2026. This investment, also announced by VEON and Kyivstar on April 29, primarily focused on safeguarding backbone networks and upgrading wartime coverage. Specific initiatives included introducing Starlink Mobile technology for direct smartphone-to-satellite communication and significantly expanding the backup power network. Kyivstar, Ukraine's largest mobile operator, confirmed on April 29 that it invested $1.3 billion in the country since 2023, exceeding its previously pledged $1 billion before the 2027 deadline.
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