VEON ( (VEON) ) just unveiled an update.
On March 18, 2025, VEON Ltd. announced a business combination agreement with Cohen Circle Acquisition Corp. I, which will result in the listing of JSC Kyivstar, Ukraine’s leading digital operator, on the Nasdaq Stock Market. The transaction, valued at $2.21 billion, will see VEON holding at least 80% of Kyivstar’s shares post-closing, expected in Q3 2025. This move positions Kyivstar as a unique U.S.-listed Ukrainian investment opportunity, enhancing its growth potential in digital services and international partnerships. The agreement includes various conditions and agreements to ensure a smooth transition, with implications for stakeholders including increased investment accessibility and strategic growth opportunities.
More about VEON
VEON Ltd. is a Nasdaq-listed global digital operator providing converged connectivity and digital services to nearly 160 million customers across six countries. The company is focused on transforming lives through technology-driven services that empower individuals and drive economic growth. VEON operates in the telecommunications industry, offering a range of services including mobile and fixed line technologies, cloud solutions, cybersecurity, and digital TV.
YTD Price Performance: 4.80%
Average Trading Volume: 137,489
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.97B
For detailed information about VEON stock, go to TipRanks’ Stock Analysis page.
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