VEON Issues CEO Letter To Investors On Group Financial Position, Reinstatement Of Analyst Coverage And Unrestricted Trading
Portfolio Pulse from Benzinga Newsdesk
VEON Ltd. has issued an open letter to its investors, outlining key developments in its re-engagement with capital markets. The company has a renewed focus on its Digital Operator 1440 strategy in six fast-growing markets following its exit from Russia. VEON's Group debt is USD 3.5bn, and its Group cash is USD 1.7bn. Independent analyst coverage of VEON shares has resumed, and the company has seen stronger volumes in the trading of its shares. VEON has also committed USD 600 million to the recovery and reconstruction of Ukraine over the next three years.
October 20, 2023 | 2:12 pm
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VEON Ltd. has a renewed focus on its Digital Operator 1440 strategy in six fast-growing markets following its exit from Russia. The company's Group debt is USD 3.5bn, and its Group cash is USD 1.7bn. Independent analyst coverage of VEON shares has resumed, and the company has seen stronger volumes in the trading of its shares.
VEON's renewed focus on its Digital Operator 1440 strategy in six fast-growing markets following its exit from Russia, along with its solid financial position, could attract more investors, potentially driving up its stock price. The resumption of independent analyst coverage and stronger trading volumes also indicate increased investor interest, which could further boost the stock price.
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