Veon Raises Earnings Outlook, Announces Digital Expansion in Ukraine
Veon, the parent company of Kyivstar, has raised its earnings outlook for 2026 due to strong performance and a strategic shift toward digital services. The Dubai-based telecom giant is expanding into entertainment, financial services, and superapps as part of its broader strategy beyond traditional telecommunications. Veon also highlighted growing investor interest in Ukraine's reconstruction efforts. The company now expects revenue growth between 15% and 18%, up from a previous forecast of 11-14%. EBITDA is projected to grow by 9%-12%, compared to the earlier range of 7%-10%. CFO Burak Ozer noted that higher energy prices due to the Iran war influenced first-half guidance, but CEO Kaan Terzioglu emphasized strong investor appetite for Ukraine and plans for further digital investments. Veon's shares rose by 6% in premarket trading.
Tickers: $VEON