
20 Mar 2025
VEON Discloses Selected Key Financial Metrics About Uklon Kyiv and Dubai, March 20, 2025 - VEON Ltd. (Nasdaq: VEON), a global digital operator, today provides additional selected financial information about Uklon group ( Uklon ) following its announcement on 19 March 2025 regarding the agreement signed between JSC Kyivstar ( Kyivstar ) and Uklon for Kyivstar to acquire 97% of the shares of Uklon, a leading Ukrainian ride-hailing and delivery platform.
Uklon Key Financial and Operational Metrics, FY 2024 (preliminary, unaudited)
Revenue (USD mln) 65
Revenue CAGR FY21 - FY24 (USD) 30%
Number of Rides in 2024 > 100,000,000
Number of Deliveries in 2024 > 3,000,000
Partner / drivers in Ukraine, EoP > 100,000
Ukrainian cities covered by Uklon services, EoP 27
Source: Unaudited preliminary Uklon management data, covering all operations, unless otherwise specified
This announcement is made to inform relevant stakeholders in a uniform manner of further information about Uklon.
On 18 March 2025, VEON announced the signing of a business combination agreement with Cohen Circle Acquisition Corp. I (Nasdaq: CCIRU) that will result in the listing of Kyivstar on the Nasdaq Stock Market in the United States under the ticker symbol KYIV. The transaction is subject to the approval of Cohen Circle's shareholders and other customary closing conditions and is expected to close in the third quarter of 2025.
On 20 March 2025, VEON disclosed its Fourth Quarter and Financial Year 2024 Trading Update.
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information visit: www.veon.com
About Kyivstar
Kyivstar is Ukraines largest digital operator, serving more than 23 million mobile subscribers and over 1.1 million Home Internet fixed line customers as of December 2024. The company provides services across a wide range of mobile and fixed line technologies, including 4G, big data, cloud solutions, cybersecurity, digital TV, and more. Kyivstar has committed to invest USD 1 billion into the development of new telecom technologies in Ukraine over 2023-2027. Kyivstar has allocated over UAH 2 billion over the past two years to help Ukraine overcome wartime challenges, including providing support for the Armed Forces, clients and social projects. Kyivstar has been operating in Ukraine for 27 years and is recognized as a leading employer and a top contributor to socially important initiatives.
About Uklon
Uklon is the largest ride-hailing player in Ukraine. Uklon was founded in Kyiv 15 years ago as a tech start-up, successfully competing with global players with zero dollars of external financing. The company's founders are industry veterans with 15+ years of experience in taxi automation. Uklon's team includes more than 700 experts, including 250 software engineers who every day improve and maintain one of the largest consumer technology platforms in Ukraine. Uklon's digital services include ride-hailing, delivery, and other synergic mobility services, as well as AdTech for businesses.
Notice to readers: financial information presented
The results and other financial information presented in this document are, unless otherwise stated, prepared in accordance accounting and financial reporting standards under Ukrainian generally accepted accounting principles and have not been externally reviewed and audited. The financial information included in this document is preliminary and is based on a number of assumptions that are subject to inherent uncertainties and subject to change. The financial information presented herein is based on internal management accounts, is the responsibility of management and is subject to financial closing procedures which have not yet been completed and has not been audited, reviewed or verified. Certain amounts and percentages that appear in this document have been subject to rounding adjustments. As a result, certain numerical figures shown as totals, including those in the tables, may not be an exact arithmetic aggregation of the figures that precede or follow them. Although we believe the information to be reasonable, actual results may vary from the information contained above and such variations could be material. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for the current period or any future period.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the Business Combination. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
THE DISSEMINATION, PUBLICATION OR DISTRIBUTION OF THIS COMMUNICATION IS PROHIBITED IN ANY JURISDICTION WHERE IT WOULD CONSTITUTE A VIOLATION OF THE RELEVANT APPLICABLE LAW.
Additional Information and Where to Find It
In connection with the Business Combination, the combined company will file a registration statement, of which a proxy statement/prospectus will form a part, with the SEC. The definitive proxy statement/prospectus and other relevant documents will be sent o
Europe Stories
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
25/04/2025
Agile Content joins forces with Tiscali to introduce a new platform in Italy, of...
25/04/2025
The company positions Agile TV as the commercial brand focused on delivering TVaaS solutions for operators and media.
The chosen tagline TVaaS your way enca...
25/04/2025
A Fully Managed Solution That Maximizes Revenue for North American Operators Whi...
25/04/2025
25 Apr 2025
VEON Files its 2024 Annual Report on Form 20-F Dubai, April 25, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON' or the Compa...
25/04/2025
Friday 25 April 2025
Hot on the heels of the Irish Dancing World Championships ...
25/04/2025
Following last year's successful event, we're back at the Media Production and Technology Show (MPTS) in London this year. As before, we're looking ...
25/04/2025
Facebook
Twitter
LinkedIn
Enhancing Data Protection and Governance Service...
24/04/2025
Playlists have always been at the heart of the Spotify experience. Since AI Playlist in beta launched last year, Premium users have used it to create millions o...
24/04/2025
From the California desert and Chicago's Grant Park to New York City's Flushing Meadows Corona Park and beyond, music festivals this spring and summer w...
24/04/2025
The sounds of Asia are as diverse and vibrant as the continent itself. From the lively beats of Indonesian pop to the gritty rhymes of Pinoy hip-hop, the region...
24/04/2025
Century City, Calif. and Bilbao, Spain (July 8, 2024) - Ateliere Creative Technologies, a leading GenAI media software solutions company, and Agile Content, a l...
24/04/2025
Agile Content to Showcase Industry-Leading TV-as-a-Service Platform at IBC 2024
Bilbao, September 4th - Agile Content, a leading provider of Internet televisio...
24/04/2025
Boosting TVaaS in the German-speaking countries with expert integration and 24/7 local support
Bilbao/Wiesbaden, September 5th 2024 Agile Content and netorium...
24/04/2025
New partnership between Agile Content and GlobalDots promises to introduce automated multi-CDN solutions, optimizing content delivery and easing provider manage...
24/04/2025
Empowering operators with real-time content delivery optimization, improved video quality, and reliable end-to-end service visibility
Amsterdam, Netherlands, S...
24/04/2025
Agile Content joins forces with Convergenze to introduce a new platform in Italy, offering a wide range of premium content for all audiences.
Bilbao, September...
24/04/2025
Bilbao, October 10th 2024 - Agile Content, a global provider of PayTV end-to-end solutions, has received the Bronze EcoVadis Sustainability Rating. This ranking...
24/04/2025
Through this agreement, MASORANGE will incorporate new AGILE CONTENT technologies into its television service, enhancing customer experience with optimum servic...
24/04/2025
The company reports positive results in the third quarter, despite ending the first half of 2024 with an 8.8% decline in revenue and an 18.3% drop in EBITDA com...
24/04/2025
Agile Content joins forces with Tiscali to introduce a new platform in Italy, offering a wide range of premium content for all audiences.
Bilbao, November 26,...
24/04/2025
The company positions Agile TV as the commercial brand focused on delivering TVaaS solutions for operators and media.
The chosen tagline TVaaS your way enca...
24/04/2025
A Fully Managed Solution That Maximizes Revenue for North American Operators While Combining Traditional Cable TV and OTT Apps in one Single Interface.
Bilbao,...
24/04/2025
The Entertainment Hub is a fully integrated TV solution that represents a significant step in redefining the white-label TV business model for operators across ...
24/04/2025
Feature-Rich, Widely Deployed Android TV Devices Enable Seamless Transition to Fully Managed Pay-TV Services for Network Operators
NAB Show 2025, Las Vegas, A...
24/04/2025
Aix-en-Provence, France, San Diego, USA and Bilbao, Spain, March 27, 2025 - Verimatrix, (Euronext Paris: VMX), the leader in powering the modern connected world...
24/04/2025
VoIP quality monitoring takes off: R&S AVQA from Rohde & Schwarz now operational...
24/04/2025
Rohde & Schwarz receives VESA approval for DisplayPort testing solutions Rohde & Schwarz test solutions have been officially approved by the Video Electronics...
24/04/2025
FOX Unveils Its Summer 2025 Schedule, Featuring New and Returning Unscripted Ser...
24/04/2025
We're delighted to welcome Ambiga Ram to our Projects Team as a Project Manager.
With over 20 years of experience managing complex projects across internat...
24/04/2025
Episode one airs Sunday April 27th, 6.30pm on RT One and RT Player
Watch: Ke...
24/04/2025
Facebook
Twitter
LinkedIn
Order intake: 3.8 billion, down -25% (-27% on an organic basis1)
Sales: 5.0 billion, up 12.2% ( 9.9% on an organic basis)
A...
23/04/2025
In 2024, Thomson's Total Turnout project played a pivotal role in elevating ethical election reporting and strengthening journalist safety in Pakistan.
Wit...
23/04/2025
Comscore to Announce First Quarter 2025 Financial ResultsRESTON, VA, April 23, 2025 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting...
23/04/2025
In an email to RT staff today, RT Director-General, Kevin Backhurst confirmed that RT 's Voluntary Exit Programme (VEP) 2025 is open from today, Wednesday...
23/04/2025
RT will air live coverage on television, radio and online of the funeral of Pope Francis which takes place this Saturday, 26 April 2025.
Beginning at 8.30am o...
23/04/2025
Facebook
Twitter
LinkedIn
Enables Michelin to focus on development of its ...
23/04/2025
April 23 2025, 02:00 (PDT) Dolby Ushers in the Future of In-car Entertainment at Auto Shanghai 2025
Dolby and industry partners demonstrate robust momentum ...
22/04/2025
Music has the power to connect us to one another and to the world around us. Spotify is once again teaming up with the Museum for the United Nations - UN Live...
22/04/2025
Spotify has an unwavering commitment to supporting emerging artists across all g...
22/04/2025
This year marks the 55th anniversary of Earth Day, celebrated annually on April 22. On Spotify, listeners can explore a world of stories about our planet in our...
22/04/2025
Tuesday 22 April 2025
To view this content, please enable our use of cookies. T...
22/04/2025
Facebook
Twitter
LinkedIn
The Technologies for Existing and Future Main Ba...
21/04/2025
Fox Corporation Executives to Discuss Third Quarter Fiscal 2025 Financial Result...
17/04/2025
This year's NAB Show in Las Vegas marked a noticeable shift in the priorities of media and broadcast organisations. Gone are the days of chasing flashy, or ...
17/04/2025
Amy Daniel Amy Daniel is a multi-award-winning filmmaker whose work has been broadcast and screened internationally, including at prestigious BAFTA and Academy ...
17/04/2025
Big shout out for our Managing Director Simon Couchman who is running his 50th and final marathon ahead of his 50th birthday in fancy dress!
Simon hopes to ach...
17/04/2025
Festival programme promises a feast of drama, an action-packed fringe festival a...
17/04/2025
Facebook
Twitter
LinkedIn
Thursday, 17 April 2025 - The next step has now been taken in the Franco-German armaments project Main Ground Combat System (MGC...
17/04/2025
RT 's Ireland's Wild Islands wins Best Series at the 2025 International ...