05 Feb 2024
VEON and Kyivstar set in motion their 600m USD investment plan with Kyiv visit, Mike Pompeo joins the delegation Kyiv, 5 February 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, and its wholly-owned subsidiary Kyivstar announce that they have now officially started the implementation of the 600 million USD investment commitment in rebuilding Ukraine, as initially announced in June 2023. VEON's commitment to invest in Ukraine, including the 600 million USD plan that covers the three-year period from 2024-2026, was the focus of a visit last week by a high-level delegation to Kyiv. Former U.S. Secretary of State Michael R. Pompeo joined the delegation, visiting Kyiv for the first time after joining Kyivstar as a Board member in November 2023.
During their visit, Secretary Pompeo, VEON's American founder Augie Fabela and VEON Group CEO Kaan Terzioglu met with Andriy Yermak, the Head of the Office of the President of Ukraine, Ambassador Bridget Brink, Ambassador of the United States to Ukraine, and Deputy Ambassador Esselien van Eerten, Deputy Head of Mission at the Embassy of the Netherlands in Kyiv.
Following up on their Invest in Ukraine, NOW! campaign, VEON and Kyivstar have also co-hosted B2U: Business to Ukraine , a business and investment forum in Kyiv. During the Forum, more than 100 representatives of Ukraine's leading businesses held discussions on improving the investment climate in the country, which is expected in turn to support the flow of international business to Ukraine, contributing to the country's economic resilience.
Kyivstar, the country's largest telecommunications company and one of the highest taxpayers, invested roughly 174m USD in capex in 2023, and expects to widen the scope of its future investment commitment from 600m USD in 3 years to 1 billion USD in 5 years, if market conditions permit.
I am excited to be back in Kyiv, now as part of the VEON family in my role on the Board of Directors of Kyivstar. Ukraine must win this war, both on the battlefield and economically. The private sector, especially international investors, has a crucial role to play to ensure this victory, which I believe is understood and appreciated by all stakeholders. I am inspired to see the incredible dedication of VEON and Kyivstar, and of the other private sector companies that continue to serve Ukrainians with commitment and perseverance, said Mike Pompeo, Former U.S. Secretary of State and Kyivstar Board member.
In the first days of the war, we at VEON made a decision and chose to serve Ukraine. I would like to thank our international investors for supporting us through our exit from Russia, which we completed in October 2023, and our continued focus on investing in Ukraine, including the 600 million USD commitment which we are setting in motion starting with this year. VEON and Kyivstar will be a part of Ukraine's future, and we will continue to work day and night to make the future victorious, successful and inspiring. said Kaan Terzioglu, VEON Group CEO.
This year marks the beginning of an ambitious journey for Kyivstar, as we launch the investments within the scope of our three-year commitment to invest 600 million USD. With the support of our parent company VEON, the guidance of Kyivstar Board of Directors, which is now stronger than ever with Secretary Pompeo, the unwavering dedication of our 4000-strong team, and the continued appreciation of our 24 million customers, Kyivstar is a leading example of a company that rises to the challenge of rebuilding Ukraine today - overcoming all odds and never losing the focus, said Oleksandr Komarov, Kyivstar CEO.
VEON is the parent company and the 100% owner of Kyivstar, the largest telecoms operator in Ukraine, that serves 24 million customers with mobile and fixed connectivity and digital services, keeping Ukrainians connected at home and abroad through very challenging conditions. Headquartered in Amsterdam, the Netherlands, VEON is a Nasdaq- and Euronext Amsterdam-listed company with a global investor base. VEON Group's digital operators serve nearly 160 million customers in Pakistan, Ukraine, Bangladesh, Kazakhstan, Uzbekistan and Kyrgyzstan with connectivity and digital services and contribute to the growth of 6 markets that are together home to more than 510 million people.
Disclaimer
This release contains forward-looking statements, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, future conditions in VEON's markets. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
Contact Information
VEON
Hande Asik
Group Director of Communication
pr@veon.com
TUVA Partners
Julian Tanner
Julian.tanner@tuvapartners.com
This website stores cookies on your computer. These cookies are used to improve vour website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy
We wont track your information when you visit our site. But in order to comply with your preferences, well have to use just one tiny
Most recent headlines
11/12/2025
Dalet, a leading provider of cloud-native, end-to-end media workflow solutions, ...
28/11/2025
Nadia Fall attends the 2025 Sundance Film Festival premiere of Brides at the Egyptian Theatre on January 24, 2025, in Park City, Utah. (Photo by Donyale West/...
28/11/2025
It's easy to ignore those little red update available badges. But when it ...
28/11/2025
WASHINGTON Federal Communications Commission has released a tentative agenda for the December Open Commission Meeting scheduled for Thursday, December 18, 2025 ...
28/11/2025
The Professional Fighters League is looking to super-serve fans of mixed martial...
28/11/2025
Fubo has released in beta on select Roku devices a new feature that lets users display up to four simultaneous streams at once....
28/11/2025
The WNBA playoffs and Week 4 of the NFL regular season highlight the list of live sports events airing on television this weekend....
28/11/2025
The 32nd class of honorees to the B+C Hall of Fame took to the stage at New York's Ziegfeld Ballroom on September 26 for a gala induction event. Click below...
28/11/2025
We hold in our hands the very last Next Text for Next TV, the weekly back-and-fo...
28/11/2025
DirecTV said it made a deal with EchoStar to buy EchoStar's video businesses, including satellite-TV provider Dish TV and virtual MVPD Sling TV, for $1 plus...
28/11/2025
The Broadcasting+Cable Hall of Fame, the premier industry event paying tribute to the influencers, innovators and shining lights of broadcast, cable and streami...
28/11/2025
Friday 28 November 2025
Sky Sports x Slawn drop limited-edition football jersey...
28/11/2025
Rohde & Schwarz shows resilience in a challenging environment, revenue exceeds t...
28/11/2025
Unwrapped: The Toy Show Appeal - airing this Sunday on RT One and RT Player- s...
27/11/2025
LONDON Vizrt has added several AI-driven advanced features offering improved speed, intelligence and accuracy in the newest version of its media asset managemen...
27/11/2025
Prime Video has launched AI-powered video season recaps in a beta version for select English-language Prime Original series in the U.S., a move Amazon is callin...
27/11/2025
Back to All News
Netflix's Raat Akeli Hai: The Bansal Murders Marks a Grand...
27/11/2025
27 Nov 2025
GSMA brings M360 Eurasia 2026 to Samarkand in partnership with VEON...
27/11/2025
Tahar Rahim and Izuka Hoyle star in the gripping six-part Sky Original from Acad...
27/11/2025
Thursday 27 November 2025
Sky Arts Reveals the Nation's Greatest Basslines - and Queen Reign Supreme
The UK's most iconic basslines have been revealed...
27/11/2025
Back to All News
Stranger Things 5': Prepare for One Last Adventure With O...
27/11/2025
The media industry has a paradox at its core. It's an industry built on light, color and imagination, yet behind the scenes, it's powered by one of the ...
27/11/2025
Rating reflects rating progress across areas including policies, diversity & inclusion, health & safety and Net Zero leadership
Winchester, UK, 27 November 202...
27/11/2025
What are the industry standards for Retail Media? Kathryn explains that certification is based on the IAB Europe Retail Media Measurement Standards and the IAB ...
27/11/2025
World champion boxer and Irish sporting icon Katie Taylor will be in studio this...
27/11/2025
Roblox, one of the world's most popular online gaming platforms for primary ...
27/11/2025
Black Friday is leveling up. Get ready to score one of the biggest deals of the season - 50% off the first three months of a new GeForce NOW Ultimate membership...
26/11/2025
SVG Sit-Down: Prime Video EP Mike Muriano Previews Massive Black Friday Slate Fe...
26/11/2025
A cinematic snow sculpture at the 1995 Sundance Film Festival. Photo by Randall Michelson...
26/11/2025
Book podcasts are booming. On Spotify, you'll find everything from celebrity book clubs to deep dives with bestselling authors. And in markets where audiobo...
26/11/2025
Mumbai, November 24, 2025: In a first-of-its-kind initiative, JioStar, in collab...
26/11/2025
LONDON Factual content producer ITN Productions has launched a new low-latency IP gallery for news bulletins....
26/11/2025
MIAMI TelevisaUnivision said it struck a new multiyear distribution agreement with YouTube TV that includes distribution of TelevisaUnivision's U.S. network...
26/11/2025
OpenDrives, Inc., a leader in software-defined data storage and data services, today announced the launch of the Atlas Corporate Creative Solution. This new Atl...
26/11/2025
Disguise, the industry-leading company powering the world's biggest live performances, is partnering with pioneering LED wall manufacturer DVS to give atten...
26/11/2025
HighField AI, the pioneer in agentic and multimodal automation for broadcast and media production, today announced the expansion of its global channel partner n...
26/11/2025
As high-stakes Premier League fixtures approach and additional premium content launches, with MONO positioning themselves to dominate Thailand's sports stre...
26/11/2025
Hosting a wide variety of events from high-intensity NHL games to complex live music concerts and major entertainment productions, Montreal's 21,000 capacit...
26/11/2025
Vizrt, the leader in live production technology revolutionizing viewer engagement and experience, releases AI-driven advances focusing on speed, intelligence, a...
26/11/2025
ITN Productions, an award-winning factual content producer, today launched a new low-latency IP gallery for news bulletins. Responsible for delivering a leading...
26/11/2025
Ikegami reports ongoing advances throughout 2025 in developing and delivering coordinated television production solutions that maximize quality, versatility and...
26/11/2025
Following the Nov. 21 blackout of NBCUniversal channels on Fubo, the two sides have traded barbs about their inability to reach a new carriage deal....
26/11/2025
LONDON As TV sports rights become increasingly important for both broadcasters and streamers, Ampere Analysis predicts global investment in the genre will surpa...
26/11/2025
LOS ANGELES Vubiquity said it has achieved the Amazon Web Services (AWS) Media & Entertainment Competency as part of the AWS Partner Network (APN). This designa...
26/11/2025
WASHINGTON The Federal Communications Commission's Enforcement Bureau said it has entered into a consent decree with Comcast calling for the cable company t...
26/11/2025
Berklee Named to the Hollywood Reporters Top Music Schools List The publication highlights the college's screen scoring program, industry partnerships, and ...
26/11/2025
Back to All News
Animated Series Love Through a Prism' Casts New Light on ...
26/11/2025
Back to All News
NALIP Unveils Fifth Cohort of Director Incubator
Social Impact
26 November 2025
United States
Link copied to clipboard
The National Assoc...
26/11/2025
YouView Achieves Greenly Gold Certification for SustainabilityNov 26, 2025
YouView is proud to announce a Gold Certification award from Greenly for our perform...
05 Feb 2024
