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Top related persons:
Veon - 1 Oleksandr Komarov - 1 Kyivstar - 1 Komarov - 1 Aleksander Torbakhov - 1 Olivier Sorgho - 1 Clarence Fernandez - 1 Sherry Jacob - 1
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3 mentions found


☆ Telecoms firm Veon to invest $600 mln in mobile unit Kyivstar
  + stars: | 2023-06-21 | by ( Marc Jones | ) www.reuters.com   time to read: +2 min
LONDON, June 21 (Reuters) - Telecoms company Veon (VON.AS) said on Wednesday it would invest $600 million in the infrastructure of its Ukrainian subsidiary Kyivstar, the war-ravaged country's largest mobile network. The Amsterdam-listed company said the funds would help upgrade the mobile operator's infrastructure, including improving connectivity and 4G services throughout Ukraine. The country has seen much of its mobile infrastructure hit by Russian rocket attacks. Kyivstar's technical teams have performed nearly 150,000 repairs since Russia invaded last year, Veon said, adding it ensured that 93% of the network is operational. Kyivstar has lost around 7% of its active customer base - or roughly 1.7 million subscribers - since the war started last February.
Persons: Veon, Oleksandr Komarov, Kyivstar, Komarov, Aleksander Torbakhov, Olivier Sorgho, Clarence Fernandez, Sherry Jacob, Phillips, Sharon Singleton Organizations: Reuters, Thomson Locations: Amsterdam, Ukraine, Russian, Russia, London
☆ Russia approves Veon's sale of Vimpelcom to management -RBC, citing sources
  + stars: | 2023-02-01 | by ( ) www.reuters.com   time to read: +1 min
Feb 1 (Reuters) - A Russian government commission has approved the sale of telecoms company Vimpelcom to senior managers by its Dutch owner Veon (VON.AS), the Russian economic news outlet RBC reported, citing two unnamed sources. The disposal is notable in that Veon, unlike many Western investors, is receiving money for its asset - one that accounts for about half of Veon's revenue. RBC reported that the deal had been amended to ensure all bondholders were treated equally. Veon declined to comment and no comment was immediately available from Vimpelcom or the Russian digital ministry. Writing by Kevin Liffey Editing by Barbara Lewis and David GoodmanOur Standards: The Thomson Reuters Trust Principles.
☆ Mobile operator Veon to sell Russian business for $2.2 bln
  + stars: | 2022-11-24 | by ( ) www.reuters.com   time to read: +2 min
Veon also operates Beeline in Kazakhstan and Kyivstar in Ukraine. Veon said the management buyout of Vimpelcom implied an expected enterprise value of approximately 370 billion roubles. Though Veon is selling at a discount, the transaction represents a relatively rare example of money changing hands between parties as companies race to exit Russia. The shares have traded near record lows since tumbling after Russia began what it calls its "special military operation" in Ukraine. "The management buyout of our Russian operations will benefit all involved," Veon CEO Kaan Terzioglu said in a statement to Reuters.
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