VEON

Driven by a rise in 4G users, an expanded 4G network and a higher demand for data and digital services, Beeline Uzbekistan returned to robust growth with a 15% year-on-year increase in total revenues. In addition to taking 4G to all corners of the country, Beeline Uzbekistan also built its portfolio of digital products and services, launching its new all-access entertainment app Kinom and the Hambi Superapp. Learn more: https://lnkd.in/eZEHgJ4u

In Bangladesh, we launched a new digital lifestyle app, Ryze, designed to address demand from the country’s connected youth with features like an AI-powered personalization engine. banglalink’s MyBL super app maintained its ranking as the number 1 lifestyle app in the Google Play Store with 7.6 million monthly active users. The ‘MyBL Super App: Revolutionising Healthcare in Rural Bangladesh” campaign also received the “Excellence in Digital Inclusion Video Award” at the recent GSMA M360 Asia-Pacific conference for its work to make healthcare more inclusive in Bangladesh. With a continued strategic focus on expanding 4G access, Banglalink surpassed the 50% mark in 4G user penetration within its customer base for the first time in Q324. We remain focused on maintaining this growth as a key enabler of our future growth plans in Bangladesh. Learn more: https://lnkd.in/eZEHgJ4u

In Kazakhstan, Beeline Kazakhstan continued to gain market share in 3Q24, with nearly 15% year-on-year revenue growth, driven by digital offerings in consumer and enterprise services. In line with the #DO1440 strategy, Beeline continued to expand its reach, taking Izi to Kyrgyzstan and achieving 7x user growth in the financial services application Simply. On enterprise services, QazCode continues to work on innovative AI-based solutions, from identity fraud prevention to Kazakh language LLM and usage of Kazakh AI in support of education. Learn more: https://lnkd.in/eZEHgJ4u

In Pakistan, our companies Jazz and Mobilink Microfinance Bank Ltd delivered another strong quarter of double-digit growth. Our digital financial services businesses in Pakistan reported an outstanding performance, with JazzCash and Mobilink Bank’s combined total revenue growing 69.7%, contributing to a 27.2% year-on-year growth in direct digital revenues in our Pakistan operations. We also launched FikrFree, a digital marketplace for insurance and healthcare in Pakistan Learn more: https://lnkd.in/eZEHgJ4u

In Ukraine, Київстар returned to strong growth in 3Q24 as the company continued to support Ukraine’s recovery and reconstruction, providing vital connectivity and digital services across the country. Revenues rose by 17.9% year-on-year, driven by an uptick in 4G penetration with the 4G user base reaching 15.3 million, accounting for 65.4% of the total customer base. With an enhanced focus on VEON’s #DO1440 strategy, Kyivstar continues to connect users with key services including digital healthcare and entertainment. Learn more: https://lnkd.in/eZEHgJ4u

Commenting on VEON’s 3Q24 results, our Group CFO Joop Brakenhoff highlights our growth above inflation and successful cash generation. Learn more: https://lnkd.in/eZEHgJ4u

Our Group CEO Kaan Terzioglu comments on today’s 3Q24 results and explains how our #DigitalOperators drive growth in our markets, expanding the wallet share of our offerings with digital services. Learn more: https://lnkd.in/eZEHgJ4u

📣  Announcing our 3Q24 results, as our #DO1440 strategy continues to drive growth with a growing portfolio of connected digital services for consumers and enterprises. ⭐️ Another billion-dollar quarter: total revenues reached USD 1,038 million, increasing by 9.8% year-on-year.  ⭐️ Direct digital revenues grew by 35% year-on-year and now comprise 12% of our total revenues as our digital products in financial services, entertainment, healthcare, learning and enterprise continue to expand their reach. ⭐️ We served 103 million total monthly active users across all our digital services and platforms, 23 million of whom were digital-only users. ⭐️ 4G subscribers now account for 64.8% of our customer base, with more than 7 million new 4G subscribers added over the last 12 months. Learn more: https://lnkd.in/eZEHgJ4u

How can we harness rapid digital advancements to create a sustainable and prosperous future in the MENA region?   Join us at the GSMA M360 Series MENA in Doha next week, where our Group CEO Kaan Terzioglu will tackle this question and discuss how digital innovation can promote inclusion, growth and unparalleled opportunities for all.   Find out more👇 https://lnkd.in/eJX4Fmwn

Our Board of Directors has approved the appointment of UHY LLP as VEON’s independent registered public accounting firm for the audit of the Group's consolidated financial statements for the year ended December 31, 2024, in accordance with the standards established by the Public Company Accounting Oversight Board.   https://lnkd.in/d2-yBK-C