Latest news with #KaanTerzioglu
Yahoo
4 days ago
- Business
- Yahoo
VEON Progresses in Kyivstar Group's Nasdaq Listing with the Public Filing of Registration Statement on Form F-4
Dubai and Kyiv, June 5, 2025 – VEON Ltd. (Nasdaq: VEON) ('VEON'), a global digital operator, announces the public filing of a registration statement on Form F-4 (the 'Registration Statement') with the U.S. Securities and Exchange Commission ('SEC') in connection with the listing of Kyivstar Group Ltd. ('Kyivstar Group'), the parent company of Ukraine's leading digital operator JSC Kyivstar, on the Nasdaq Stock Market LLC ('Nasdaq'). This filing represents a milestone in VEON's plans to list Kyivstar Group on Nasdaq following the anticipated completion of a business combination with Cohen Circle Acquisition Corp. I (Nasdaq: CCIR) ('Cohen Circle') that was announced on March 18, 2025. At the closing of the transaction, the business combination will result in the listing of Kyivstar Group's common shares and warrants on Nasdaq under the ticker symbols 'KYIV' and 'KYIVW,' respectfully, as the only pure-play Ukrainian investment opportunity on U.S. stock markets. 'Kyivstar Group's listing on Nasdaq will be a landmark development, bringing a Ukrainian company with a market-leading position in telecommunications and digital services to the world's premiere listing venue for technology companies. With today's filing, we continue to advance towards this historic moment, which we believe presents U.S. and global investors with a compelling opportunity to invest in Ukraine and become a stakeholder in its economic growth and resilience through a robust Ukrainian company,' said Kaan Terzioglu, CEO of VEON Group. 'We are very excited about completing this transaction and supporting Kyivstar Group's listing on Nasdaq. Kyivstar Group has tremendous growth potential and continues to deliver strong operational and financial performance, reflecting the resilience of both the company and the country. As we mark today's public filing, we look forward to completing the process which will make Kyivstar Group's success story more directly accessible to U.S. and global investors,' said Betsy Cohen, Chairman and CEO of Cohen Circle. The closing of the business combination is expected to occur during the third quarter of 2025 and is subject to the approval of Cohen Circle's shareholders and other customary closing conditions. Cohen Circle's units, Class A ordinary shares and warrants are listed on the Nasdaq under the ticker symbols 'CCIRU,' 'CCIR' and 'CCIRW,' respectively. About VEON VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: About Cohen Circle Cohen Circle Acquisition Corp. I is a special purpose acquisition company sponsored by investment firm Cohen Circle, LLC and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more technology and/or financial services businesses. Cohen Circle's units, Class A ordinary shares and warrants are listed on the Nasdaq under the symbols 'CCIRU,' 'CCIR' and 'CCIRW,' respectively. No Offer or SolicitationThis press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the transactions mentioned herein or the proposed business combination with Cohen Circle. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Forward-Looking StatementsThis press 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. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to, among other things, the proposed business combination with Cohen Circle (the 'Business Combination'), including the timing of the closing of the Business Combination and the listing of Kyivstar Group's common shares and warrants on Nasdaq, the expected investment opportunity in Kyivstar Group following the closing of the Business Combination, including the expectation that Kyivstar Group will be the only pure-play Ukrainian investment opportunity and the growth potential of Kyivstar Group. These statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause VEON's or Cohen Circle's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including, but not limited to, the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed Business Combination; the outcome of any legal proceedings that may be instituted against VEON Ltd., any of its subsidiaries or others following the announcement of the proposed Business Combination; the inability to complete the Business Combination due to the failure to obtain the necessary board and shareholder approvals or to satisfy other conditions to closing; changes to the proposed structure of the Business Combination or the contemplated reorganization that may be required or appropriate as a result of applicable laws or regulations; the ability to meet stock exchange listing standards prior to consummation of the Business Combination; the risk that the Business Combination disrupts current plans and operations of VEON Ltd. as a result of the announcement and consummation of the Business Combination; the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and the ability to retain its management and key employees; costs related to the Business Combination; changes in applicable laws or regulations; and other risks and uncertainties set forth in the section entitled 'Risk Factors' included in the Registration Statement filed by Kyivstar Group with the SEC on June 5, 2025 and in any other subsequent filings with the SEC by Kyivstar Group or Cohen Circle. 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 press 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. Additional Information and Where to Find It Kyivstar Group Ltd. and VEON Holdings B.V. have filed on June 5, 2025 a registration statement on Form F-4 (File No. 333-287802) (as may be amended from time to time, the 'Registration Statement') as co-registrants that includes a preliminary proxy statement/prospectus of Cohen Circle and a preliminary prospectus of Kyivstar Group. When available, Cohen Circle will mail a definitive proxy statement/prospectus relating to the business combination and other relevant documents to its shareholders. This communication does not contain all the information that should be considered concerning the business combination and is not intended to provide the basis for any investment decision or any other decision in respect of the business combination. VEON, Cohen Circle and Kyivstar Group may also file other documents regarding the business combination with the SEC. Cohen Circle's shareholders and other interested persons are advised to read, when available, the Registration Statement, the proxy statement/prospectus and other documents filed in connection with the business combination, as these materials will contain important information. Investors and shareholders will be able to obtain free copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed or will be filed with the SEC by Cohen Circle through the website maintained by the SEC website at or by directing a written request to: Cohen Circle Acquisition Corp. I, 2929 Arch Street, Suite 1703, Philadelphia, PA 19104. Participants in the SolicitationCohen Circle, Kyivstar Group, certain shareholders of Cohen Circle, VEON and certain of Cohen Circle's, Kyivstar Group's and VEON's respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies of the shareholders of Cohen Circle with respect to the Business Combination. A list of the names of such persons and information regarding their interests in the Business Combination is set forth in the Registration Statement. Free copies of these documents may be obtained from the sources indicated above. Contact Information Kyivstar Group Media and Investor Contact: Kyivstar@ VEON Hande AsikGroup Director of Communicationspr@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
VEON and Engro Corporation Complete Pioneering Infrastructure Partnership in Pakistan
Islamabad and Dubai, June 3, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ('VEON' or 'the Company'), announces that it has successfully closed the partnership for the pooling and management of telecommunications infrastructure assets in Pakistan with Engro Corporation Limited ('Engro Corp'). VEON's infrastructure assets housed under Deodar (Private) Limited have now vested into Engro Connect, a subsidiary of Engro Corp. VEON's digital operator Jazz will continue to lease Deodar's extensive infrastructure for the provision of nationwide mobile voice and data services under a long-term partnership agreement. "Completion of this partnership marks another milestone in the execution of our asset-light strategy. Thanks to the visionary approach of Pakistani authorities, which enabled the successful completion of this partnership, Jazz can now further accelerate its transformation into a services company, with a connectivity-powered digital portfolio spanning financial services, entertainment, healthcare, and enterprise services for both consumers and businesses. We look forward to a fruitful partnership with Engro Corp and to contributing to our shared mission of strengthening Pakistan's digital economy,' said Kaan Terzioglu, VEON Group CEO and Chairman of Jazz Board. The scheme of arrangement was completed at an enterprise value of USD 562.7 million. The partnership, which was originally announced on December 5, 2024, obtained regulatory approvals in May 2025. About VEON VEON is a Nasdaq-listed digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. For more information visit: About Jazz Jazz is Pakistan's leading digital operator with over 71.5 million cellular subscribers and 73 million MAUs of digital services as of Q4 2024. Jazz offers the most extensive portfolio of digital services in Pakistan, including JazzCash, the country's leading fintech; Garaj, the largest onshore cloud and cybersecurity platform; and Tamasha, Pakistan's largest homegrown OTT video streaming and entertainment platform. About Engro Corporation Limited Engro Corporation is a diversified Pakistani conglomerate that strives to solve pressing issues through its portfolio of businesses. It has developed businesses across the verticals of energy and related infrastructure, petrochemicals, food and agriculture, telecommunication infrastructure, and international trading, over a period of 50+ years. Many of these pioneering businesses have been established in collaboration with global partners including IFC, Royal Vopak, Royal FrieslandCampina, CMEC and others. To learn more about Engro Corporation, please visit 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, VEON's investment plans, digital products, business plans and commercial partnerships. 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. VEONHande Asik Group Director of Communicationspr@
Reuters
28-05-2025
- Business
- Reuters
VEON considering dual listing in the UAE in 3-5 years
DUBAI, May 28 (Reuters) - Nasdaq-listed telecom company VEON ( opens new tab, is considering a dual listing in the United Arab Emirates (UAE) in the next three to five years, its CEO said on Wednesday, after moving its headquarters to Dubai from Amsterdam last year. VEON is the parent company of Ukraine's Kyivstar and Pakistan's Jazz, the two countries' largest mobile operators, respectively. "We have of course moved our headquarters with all the intentions about the future relevance for these markets," CEO Kaan Terzioglu said during an event in Dubai. "At a certain point I think this (a UAE listing) will be inevitable." Terzioglu added that investors in the Gulf region had a better understanding of VEON's markets. VEON is shifting to a "digital operator" strategy, offering financial, healthcare and entertainment services in addition to mobile connectivity. It also operates in Uzbekistan, Kazakhstan, Kyrgyzstan and Bangladesh. Terzioglu said VEON might also consider initial public offerings (IPO) of its subsidiaries in the UAE along the same timeline. Kyivstar is already planning a U.S. listing later this year with a pro-forma valuation of $2.21 billion. Asked whether the company might look to expand to other markets in the Middle East, Terzioglu said that Iraq and Syria would play an important role in the future and that the firm was in talks with investors there. "I believe, especially the changes in Syria, (with) the new government being in place, basically, the country is reborn. And it perfectly fits into a large population, unmet demand market," he said. He said, however, that more work was needed in terms of regulations, tax regimes before the company could make a definitive commitment in Syria. Terzioglu added that VEON, which recently signed an exclusive partnership with Elon Musk's Starlink to develop and provide direct-to-cell connectivity in Ukraine, was in talks with the company over potential partnerships across the other markets where it operates. VEON is also in talks for partnerships with other satellite companies including ASD and Eutelsat ( opens new tab's OneWeb.
Yahoo
23-05-2025
- Business
- Yahoo
Tashkent hosts GSMA M360 as Eurasia's digital economy grows
The summit highlights the growing role of digital technologies in the region's economic development and coincides with the release of the GSMA's latest Mobile Economy Eurasia report. The report projects that mobile technologies will contribute €238 billion to Eurasia's economy by 2030, equivalent to 8.3% of the region's GDP. This forecast is driven by the growth of smartphone usage, expanded internet access, and the accelerating rollout of 5G networks. The choice of Tashkent as host city reflects Uzbekistan's rising profile as a regional digital leader. Since launching wide-ranging reforms in 2017, the country has opened up its economy, encouraged foreign investment, and promoted innovation in the tech sector. Today, Uzbekistan is home to more than 9,700 ICT companies and 200,000 tech professionals, with services exported to 90 countries and a total turnover of €4.1 billion. 'Uzbekistan has undergone one of the most successful transformations in the world,' Kaan Terzioğlu, CEO of VEON, said. 'With a population of 40 million and over one million babies born every year, the country is demographically strong and full of potential.' Vivek Badrinath, Director General of GSMA, stressed the broader economic impact of mobile sector growth. 'A $1 increase in the mobile economy generates $6 in GDP. When governments create investment-friendly environments and key sectors like banking or transport integrate mobile tech, the benefits are shared by all,' he said. A key highlight of the summit is the unveiling of the Kazakh Large Language Model, developed through a partnership between Kazakh researchers, QazCode, the Barcelona Supercomputing Center, and the GSMA Foundry. The AI model supports Kazakh, Turkish, English, and Russian, addressing a crucial gap in local language technologies. Meanwhile, Uzbekistan continues to encourage innovation through initiatives like the Presidential $1 million tech award, aimed at supporting start-ups and digital entrepreneurship. Sherzod Shermatov, Minister of Digital Technologies, pointed to recent app launches that integrate IT, tourism, and business services - generating over 2,000 international user interactions in just one week. Neighbouring Kazakhstan is also advancing its digital infrastructure. Zhaslan Madiyev, Minister of Digital Development, Innovations, and Aerospace Industry, emphasised the country's commitment to AI and digital infrastructure saying, 'We are building our AI ecosystem with initiatives such as the creation of a national AI Center. This center will support research, education, and startups, playing a crucial role in nurturing the entire ecosystem.' Despite advances some challenges remain. According to the GSMA, around 80 million people in Eurasia remain offline, despite having mobile network coverage. Addressing this "usage gap" will be key to ensuring inclusive digital growth across the region. GSMA initiatives such as its collaboration with IBM — offering members access to the platform — and joint efforts with the European Space Agency on Non-Terrestrial Networks, aim to enhance connectivity and bridge the digital divide. As Tashkent takes the spotlight during M360 Eurasia, Uzbekistan positions itself as a key player in shaping the region's digital future — one increasingly defined by innovation, inclusion, and international cooperation. Sign in to access your portfolio
Business Upturn
20-05-2025
- Business
- Business Upturn
Beeline Uzbekistan Moves its Headquarters to Tashkent's IT Park, Deepening Commitment to Uzbekistan's Digital Future
Dubai and Tashkent, May 20, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ('VEON' and together with its subsidiaries, the 'Group'), announces that its digital operator Beeline Uzbekistan celebrated the opening of its new headquarters in the Tashkent IT Park on May 20th. The new Beeline Uzbekistan headquarters in IT Park will be home to Beeline Uzbekistan's employee base of around 2,000, including the operator's digital services teams, VEON AdTech and Beelab (the developer of Beeline Uzbekistan's fintech platform Beepul), as well as tower operator National Tower Infrastructure LLC. IT Park houses Uzbekistan's leading technology, digital and communications companies and is structured as Uzbekistan's innovation hub. The relocation demonstrates VEON's commitment to investing in Uzbekistan's digital future, as well as to expanding the development and provision of digital services and augmented intelligence products in Central Asia. 'Thanks to the bold vision of our President, Uzbekistan is rapidly transforming into a regional digital hub,' said Sherzod Shermatov, Minister of Digital Technologies. 'Through our Digital Uzbekistan 2030 strategy, we are laying the foundations for a thriving digital economy that empowers citizens, supports innovation, and attracts global investment. We welcome partners who, like VEON, share our vision and are helping us turn this vision into a reality through long-term investment, the provision of ambitious digital services, and cutting-edge technologies — all while creating meaningful job opportunities for our youth.' 'We are committed to leading the digital transformation of Uzbekistan, not only with our connectivity but also with our digital services such as our fintech app Beepul, super-app Hambi, digital entertainment platforms Kinom and Riitm, and enterprise offerings such as VEON AdTech. We are glad to see not only the demand expanding for these services, but also the interest of our regulators in creating frameworks that support the digitalization of the country. Beeline Uzbekistan's move to its IT Park headquarters highlights our role in this ambitious vision,' said Kaan Terzioglu. 'Beeline Uzbekistan is committed to advancing inclusive digital ecosystems, from financial services to AI innovation. Across our digital services, we served 9.5 million monthly active digital users in 1Q25. The uptake of these services among our customers is not only an indicator of our dedication to digitalization in the country but also of the broader momentum in Uzbekistan for innovative solutions that extend the benefits of technology to every corner of the country. With our new headquarters in IT Park, we are proud to be at the heart of this momentum,' said Andrey Pyatakhin, CEO of Beeline Uzbekistan. With nearly two decades of investment and innovation in Uzbekistan, VEON remains deeply committed to the country's digital future. Since entering the market in 2006, VEON has invested in the country's telecommunications and digital infrastructure, and has continued to expand beyond traditional connectivity, delivering impactful digital financial and AI-powered technologies under VEON's DO1440 and AI1440 initiatives. About Beeline Uzbekistan Beeline Uzbekistan is a digital operator that serves 8.2 million customers with mobile connectivity and 7.6 million total monthly active users across its digital services and applications. Its digital portfolio includes financial services application BeePul, digital-first brand OQ, the recently launched streaming application Kinom and super-app Hambi. Beelab and VEON Adtech are also headquartered in Uzbekistan, contributing to software and IT technologies ecosystem in the country. Beeline Uzbekistan is wholly owned by VEON. About VEON VEON is a digital operator that provides connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ and headquartered in Dubai. For more information visit: 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 are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not anticipate. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to, among other things, the execution of VEON's strategy. 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 Hande AsikGroup Director of Strategy and Communications [email protected]
