VEON (VEON) is rated Buy due to undervaluation relative to robust growth, high margins, and digital revenue momentum in emerging markets. Q1 2026 delivered 17% revenue growth, 43% EBITDA margin, and 73% higher equity free cash flow, with digital revenue now over 25% of total. Digital and financial services, especially JazzCash in Pakistan, drive ARPU and diversify growth, distinguishing VEON from legacy telecom peers.
VEON Ltd. (VEON) Q1 2026 Earnings Call Transcript
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Point72 Asset Management LP Point72 Asset Management LP | 30,885 | $1.42M | $1.63M | $205,694.1 | 14.46% |
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Christopher Davis Burns Matteson Capital Management LLC | 7,204 | $366,647.78 | $371,870.48 | $5,222.7 | 1.42% |
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MF Max Findlay Rothschild & Co | 1,837.22 | $100,000 | $95,177.29 | -$4,822.71 | -4.82% |
| Diversified Telecommunication Services Industry | Communication Services Sector | Muhterem Kaan Terzioglu CEO | NASDAQ (CM) Exchange | 91822M502 CUSIP |
| AE Country | 18,938 Employees | 5 Mar 2020 Last Dividend | 8 Mar 2023 Last Split | 20 Nov 1996 IPO Date |
VEON Ltd. is a digital operator that plays a pivotal role in connecting millions across Asia and Europe, specifically serving Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. With a solid foundation laid down in 1992, VEON has grown its operations substantially, standing today with its headquarters nestled in Amsterdam, the Netherlands. This company has built a reputation for delivering a broad spectrum of connectivity and internet services, catering to the evolving digital needs of its vast customer base. Through its innovative approach and commitment to quality, VEON continues to push the boundaries of digital communication, providing essential services that bridge distances and make information more accessible.
Including a wide range of voice and data services such as value-added services, call completion, both national and international roaming capabilities, and wireless Internet access. VEON also extends its offerings to mobile financial services along with various mobile bundles, addressing the comprehensive mobile needs of its clients.
Provides robust data connectivity solutions that include cross border transit, offering seamless data transfer capabilities. This service is crucial for businesses and individuals who require reliable and continuous data exchange across borders.
Designed to meet the diverse needs of its customer base, VEON offers a comprehensive suite of services that encompass voice communications, high-speed internet access, and data services. These are tailored to ensure connectivity and enhance digital experiences for users.
Via its intercity fiber optic networks, VEON provides fixed-line telecommunications services. This infrastructure underpins many of the company's offerings, ensuring high-speed, reliable connections for both private and corporate clients.
Utilizing Fiber to the Building (FTTB) technology, VEON ventures into the digital television space, offering Internet-TV services. This service allows users to enjoy high-quality digital content through a high-speed internet connection, enhancing the entertainment experience.
VEON doesn't stop at service provision; it extends its offerings to the sale of equipment, infrastructure, and accessories. This includes a vast array of products needed to enable the digital services they provide, ensuring customers have access to the latest technology and support.