
Amsterdam, 25 May 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, today announces that its total cash and deposits have increased to approximately USD 2.4 billion, including USD 1.8 billion equivalent of USD and EUR denominated cash and deposits held by its headquarters ( HQ ) in Amsterdam, as at 23 May 2022 (vs. USD 1.9 billion and USD 1.3 billion, respectively, as at 31 March 2022). In addition to the USD and EUR denominated cash, VEON HQ has a limited amount of RUB denominated cash to cover its upcoming coupon payments under its RUB notes.
VEON Group CFO Serkan Okandan said: We have successfully drawn down nearly all of the USD 692 million that was available under our Revolving Credit Facility (RCF) as of 31 March 2022. After issuing a utilization request in April 2022 for the full remaining balance, we have received USD 610 million. This has increased VEON Group's HQ-level cash position to USD 1.8 billion, enabling us to maintain a prudent liquidity position in this period of macroeconomic uncertainty.
The remaining USD 82 million from Intesa Sanpaolo Bank S.p.A., Amsterdam Branch has not yet been received as this bank has not yet made their participation in the loan available pursuant to the utilization request. We are still in discussions with this bank about their funding obligations pursuant to the RCF agreement.
VEON currently has USD 973 million outstanding under the RCF, net of the USD 24 million with A.O. Raiffeisen (Raiffeisen Russia). Raiffeisen Russia will be repaid at the end of May due to the cancellation of its commitments in compliance with new Russian regulatory requirements.
The HQ-level cash and deposits are held in bank accounts, money market funds and on-demand deposits at a diversified group of international banks from the European Union, the United States and Japan.
More from VimpelCom
14/06/2022
June 14, 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, announces today th...
10/06/2022
AMSTERDAM, 10th June 2022 - VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, announce...
10/06/2022
Amsterdam, 10 June 2022 - Today the Chief Executive Officer of VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobil...
08/06/2022
Amsterdam, 08 June 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, today an...
25/05/2022
Amsterdam, 25 May 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, has today...
17/05/2022
Communications is the difference between refugees with hope, and those without it. Seven years ago, in my role as CEO of a mobile operator in Turkey, I saw firs...
10/05/2022
Uzbekistan - May 10, 2022 VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, announce...
10/05/2022
Uzbekistan - May 10 2022 VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, announces...
05/05/2022
Uzbekistan - May 5, 2022 VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, announces...
29/04/2022
Amsterdam, 29 April 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, today announces t...
28/04/2022
Protecting stakeholder value delivering continued local currency growth across our operations
Amsterdam (28 April 2022) - VEON Ltd. (VEON) announces a trading ...
11/04/2022
Amsterdam, 11th April 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, today...
01/04/2022
Amsterdam, 1st April 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, today...
22/03/2022
Dhaka, Bangladesh, 22nd March 2022 - VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announce...
18/03/2022
Amsterdam, 18 March 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, today provides so...
16/03/2022
Dear Stakeholders,
VEON is a Nasdaq and Euronext listed major international telecommunications company headquartered in the Netherlands. VEON has a diverse inv...
16/03/2022
Amsterdam, 16 March 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announced ...
15/03/2022
Amsterdam, 15 March 2022 -VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has today, given ...
14/03/2022
Amsterdam, 14 March 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces the ap...
14/03/2022
Amsterdam, 14 March 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that F...
11/03/2022
Amsterdam, 11 March 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announces ...
08/03/2022
Amsterdam, 8 March 2022 7:00 (CET) - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today ...
04/03/2022
Amsterdam, 4 March 2022 16:30 (CET) - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, after...
02/03/2022
Amsterdam, 25 May 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, today announces tha...
01/03/2022
Barcelona, 1st March 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, today ...
01/03/2022
Amsterdam, 1 March 2022, 11:15 (CET) - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, toda...
28/02/2022
Amsterdam (28 February 2022) - VEON Ltd. (VEON) announces results for the fourth quarter and full year ended 31 December 2021:
VEON reports FY 2021 results wit...
28/02/2022
Amsterdam, 28 February 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON)...
28/02/2022
Amsterdam, 28 February 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announc...
28/02/2022
Barcelona, 28th February 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, to...
24/02/2022
Barcelona, 24th February 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, to...
17/02/2022
Amsterdam, 17 February 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON)...
03/02/2022
Amsterdam, 3 February 2022 - VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has today announc...
24/01/2022
Amsterdam, 24 January 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, notes that we ...
05/01/2022
Amsterdam, 5 January 2022 - VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announced th...
29/12/2021
Amsterdam, 29 December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces Moh...
27/12/2021
Amsterdam, 27 December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announced tod...
24/12/2021
Amsterdam, 24 December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces tha...
20/12/2021
Augmented Reality glasses use IKSAR software and 4G/5G networks to enhance field...
18/12/2021
Amsterdam, 18 December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announced tod...
18/12/2021
Amsterdam, 18 December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announced tod...
17/12/2021
Amsterdam, 17th December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has acquire...
15/12/2021
Islamabad - 14th December, 2021: Pakistan's leading fintech JazzCash has introduced a unique digital-first shopping experience AlaCart powered by TCS on its...
12/12/2021
Islamabad - 12 December 2021: The Jazz Drive-in Concert has set a new Guinness World Records title for the most cars in a Drive-in Music Concert with 1000+ car...
07/12/2021
Amsterdam, 7 December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has today anno...
07/12/2021
Amsterdam, 7 December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has announced ...
07/12/2021
Watch VEONs Group Chief Executive, Kaan Terzio lu on Sky News. Speaking with Ian King, he discusses VEONs growth strategy and explains why its the right time fo...
07/12/2021
Amsterdam, 7 December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON),...
07/12/2021
Amsterdam, 7th December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announ...
01/12/2021
Amsterdam, 01 December 2021 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announc...