VEON Ltd.: A New Era of Digital Operations
Dubai, April 8, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, has reached a significant milestone in its corporate restructuring process. The successful completion of the reorganization of VEON Holdings B.V. and the finalization of the consent solicitation process mark the beginning of a new chapter for the company.
Reorganization and Consent Solicitation
First announced on January 13, 2025, the reorganization and consent solicitation process were initiated to prepare VEON for its proposed business combination with Cohen Circle Acquisition Corp. I, a special purpose acquisition company (SPAC). The reorganization involved the transfer of VEON’s assets and liabilities to a new holding company, while the consent solicitation process secured the necessary approvals from VEON’s bondholders.
Listing on Nasdaq: Kyivstar Group Ltd.
The successful completion of these steps paves the way for Kyivstar Group Ltd., the parent company of Ukraine’s leading digital operator Kyivstar, to list on the Nasdaq under the ticker symbol KYIV. This listing will provide VEON with increased visibility and access to a broader investor base, enabling the company to accelerate its growth strategy.
Impact on Individuals
For individual investors, the listing of Kyivstar Group Ltd. on the Nasdaq offers an opportunity to invest in a company with a strong presence in the digital communications sector, particularly in Ukraine. As a leading digital operator, Kyivstar provides a range of services, including voice, data, and value-added services, to over 27 million subscribers. With a growing customer base and a focus on innovation, Kyivstar is well-positioned to capitalize on the increasing demand for digital services in Ukraine and beyond.
Impact on the World
On a global scale, the listing of Kyivstar Group Ltd. on the Nasdaq is an important step in the ongoing consolidation of the digital communications sector. As companies continue to merge and acquire one another, the industry is becoming increasingly concentrated, with larger players dominating the market. This trend is expected to continue, with more mergers and acquisitions likely in the coming years.
Conclusion
VEON’s successful completion of the reorganization and consent solicitation process marks the beginning of a new era for the company. With the listing of Kyivstar Group Ltd. on the Nasdaq, VEON will benefit from increased visibility and access to a broader investor base, enabling the company to accelerate its growth strategy. For individual investors, this presents an opportunity to invest in a company with a strong presence in the digital communications sector, particularly in Ukraine. On a global scale, the listing is an important step in the ongoing consolidation of the digital communications sector.
- VEON Ltd. completes reorganization and consent solicitation process
- Kyivstar Group Ltd. to list on Nasdaq under ticker symbol KYIV
- Increased visibility and access to broader investor base
- Opportunity for individual investors to invest in leading digital operator
- Important step in ongoing consolidation of digital communications sector
