Latest news with #Kyivstar
Time of India
28-05-2025
- Business
- Time of India
VEON considering dual listing in the UAE in 3-5 years
By Federico Maccioni DUBAI : Nasdaq-listed telecom company VEON 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's OneWeb.
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.
New York Post
21-04-2025
- Business
- New York Post
Ex-Secretary of State Mike Pompeo rakes in hundreds of thousands of dollars with slew of post-Trump corporate jobs
Former Secretary of State Mike Pompeo has racked up a string of lucrative directorships since leaving office, The Post can reveal, including a multi-million-dollar consulting gig with Ukraine's top cell phone operator. Pompeo, whose security detail was revoked by President Trump in January, signed up for an advisory job with Kyivstar and its Nasdaq-listed parent VEON in June of last year, financial filings show. The 61-year-old had joined the boards of Kyivstar and VEON in November 2023 and May 2024, respectively. 4 Viktor Pinchuk (left) runs the foundation that helps Ukrainian veterans. Mike Pompeo (right) demanded a $300,000 fee to appear in Kyiv in April 2023. Documents reviewed by The Post show that Pompeo is paid $50,000 a month — or $600,000 a year — for 'strategic and financial advice' and lobbying 'relevant Ukrainian, US and EU stakeholders.' Pompeo's Delaware-based Impact Investments firm was also handed stock warrants worth $16 million, and a $3 million bonus 'in connection with the successful completion of a strategic M&A transaction.' Kyivstar is also planning to list on the Nasdaq by the end of this year with a planned valuation of $2.2 billion, filings show. The lucrative deal also guarantees Pompeo first-class flights or the use of a private jet whenever he is traveling on behalf of the Ukrainian telecoms giant. Despite being paid like a mover and shaker, Washington insiders say Pompeo is on a fool's errand. 'Why would anyone hire Mike Pompeo right now?' is how one source familiar with the situation put it. 'He has absolutely no currency inside the current White House.' A source close to Pompeo disputed that characterization, telling The Post the former secretary of state is in regular contact with members of Trump's cabinet. 4 Pompeo raked in an eye-watering speaking fee for appearing an event in Kyiv in April 2023 that was paid for by the Viktor Pinchuk Foundation, a charity that helps wounded Ukrainian veterans. AP Pompeo, who served as America's top diplomat during the final 33 months of Trump's first term, also demanded an eye-watering $300,000 fee from a Ukrainian charity that helps wounded veterans to appear in Kyiv in April 2023, when he was flirting with a possible run for the 2024 Republican presidential nomination. The former Kansas congressman took the fat check from oligarch Victor Pinchuk for a whirlwind 24-hour visit during which he met with Ukraine President Volodymyr Zelensky, sources familiar with the matter said. That works out to a whopping $12,500 per hour, dwarfing the pre-tax annual salary of $221,400 he earned as America's top diplomat during Trump's first term. Ten days after returning from Ukraine, Pompeo ruled himself out of the 2024 race. 'Mike Pompeo's lost faith in himself masqueraded as a loss of faith in President Trump,' former Trump White House strategist Steve Bannon told The Post. 'That road to perdition ended for him in the morass of Ukrainian oligarchs' blood money.' Another source close to President Trump said of Pompeo: 'He sold us out.' 4 Steve Bannon, a staunch ally of President Trump, accused Pompeo of accepting 'Ukrainian oligarchs' blood money'. Lev Radin/Shutterstock In addition to Pompeo's Ukraine interests, the former secretary of state is also a non-executive director of Israeli cybersecurity firm Cyabra and holds stock options worth $368,888, according to SEC filings. The former CIA director has also bagged top jobs with copper mining giant ACG Metals — run by UK-Russian national Artem Volynets and which has significant interests in Turkey — and Gor Investments, a shadowy firm from the gas-rich dictatorship of Uzbekistan that has former Energy Secretary Rick Perry on its board. Terms of those directorships have not been disclosed. 4 Dan Meyer, a national security partner at the Tulley Rinckey law firm in Washington D.C, said that sometimes the US intelligence community can ask former officials to use their business networks to help with gathering information. Tully Rinckey PLLC While Pompeo no longer has a security detail, there has been no public announcement that Trump has stripped him of his clearance, which he did for former President Joe Biden, ex-Secretary of State Antony Blinken and others. One legal expert said that sometimes the US government encourages former officials to leverage their business networks abroad to help the country with intelligence gathering. 'Having foreign contacts is not in itself enough for a ban on having a clearance,' said Dan Meyer, national security partner at the Tulley Rinckey law firm in Washington, DC. '(The intelligence services) may say we want you to maintain contact with such people and keep us apprised of what they are up to,' he added. 'Under longstanding policy and given privacy considerations, the Department does not publicly comment on individual security clearance matters,' a State Department spokesperson said. A spokesperson for the CIA, which Pompeo led from January 2017 to April 2018, did not respond to a request for comment. The White House failed to respond to The Post's request for comment.
Yahoo
08-04-2025
- Business
- Yahoo
VEON Completes Reorganization Ahead of Kyivstar's Planned Nasdaq Listing
Dubai, April 8, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, has successfully completed the reorganization of VEON Holdings B.V. and finalized its consent solicitation process, first announced on January 13, 2025. These steps pave the way for the proposed business combination with Cohen Circle Acquisition Corp. I, which is expected to lead to Kyivstar Group Ltd., the parent company of Ukraine's leading digital operator Kyivstar, listing on the Nasdaq under the ticker symbol KYIV. The reorganization involved a legal demerger in the Netherlands, as a result of which VEON Holdings B.V. is now focused solely on Kyivstar and related assets. VEON's other core businesses have been transferred to newly formed Dutch entities. As part of this process, VEON also secured approval from holders of its 2027 bonds (ISIN: Reg S: XS2824764521/ Rule 144A: XS2824766146) to transfer the issuer from VEON Holdings B.V. to VEON MidCo B.V. At a meeting held on January 30, 2025, 95.83% of the bonds were represented, and the proposal received unanimous support. More details are available on VEON's investor relations website: About VEONVEON is a Nasdaq-listed 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. For more information visit: About KyivstarKyivstar is Ukraine's largest digital operator, serving more than 23 million mobile subscribers and over 1.1 million Home Internet fixed line customers subscribers as of December 31, 2024. Kyivstar provides services across a wide range of mobile and fixed line technologies, including 4G, big data, cloud solutions, cybersecurity, digital health services, digital TV and more. Together with VEON, Kyivstar has jointly committed to invest USD 1 billion into the development of the Ukrainian economy from 2023 to 2027. Kyivstar has allocated over UAH 2 billion over the past two years to help Ukraine overcome wartime challenges, including providing support for the Armed Forces, its employees and social projects. Kyivstar has been operating in Ukraine for 27 years and is recognized as a leading employer and a top contributor to socially important initiatives in Ukraine. 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 transaction 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 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 execution and timing of entering into a definitive agreement in connection with the Business Combination and the listing of Kyivstar on Nasdaq. 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 expected to be set forth in subsequent filings in the event of the entry into a definitive agreement for the Business Combination, including a proxy statement and or prospectus relating to the Business Combination expected to be filed by Cohen Circle and/or a newly-formed holding company of Kyivstar in the event of the entry into a definitive agreement for the Business Combination. 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. Additional Information and Where to Find It In connection with the Business Combination, the combined company will file a registration statement, of which a proxy statement/prospectus will form a part, with the SEC. The definitive proxy statement/prospectus and other relevant documents will be sent or given to Cohen Circle's shareholders as of a record date to be established for voting at Cohen Circle's shareholder meeting relating to the Business Combination. Cohen Circle and the combined company may also file other documents regarding the Business Combination with the SEC. This press release does not contain all of the information that should be considered concerning the Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. Cohen Circle's shareholders and other interested persons are advised to read, when available, the registration statement of the combined company and the proxy statement/prospectus which will form a part thereof and any amendments thereto and all other relevant documents filed or that will be filed in connection with the Business Combination, as these materials will contain important information about Kyivstar, VEON, Cohen Circle, the combined company and the Business Combination. The registration statement of the combined company and the proxy statement/prospectus which will form a part thereof and other documents that are filed with the SEC, once available, may be obtained without charge at the SEC's 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 Solicitation Cohen Circle, Kyivstar, certain shareholders of Cohen Circle, VEON and certain of Cohen Circle's, Kyivstar'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 from 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 will be contained in the registration statement of the combined company and the proxy statement/prospectus which will form a part thereof, when available. Shareholders, potential investors and other interested persons should read the registration statement of the combined company and the proxy statement/prospectus which will form a part thereof carefully when they become available and before making any voting or investment decisions. Free copies of these documents may be obtained from the sources indicated above, when available. Contact Information Hande AsikGroup Director of Communications pr@ in to access your portfolio
Axios
21-03-2025
- Business
- Axios
Ukrainian company plans to list shares in the U.S.
Kyivstar, the Ukrainian mobile operator that just agreed to list on the Nasdaq via a reverse merger, has agreed to buy local ride-hail and delivery firm Uklon for $155 million. Why it matters: This suggests some level of economic optimism for the besieged country, even as that giant minerals deal with the U.S. remains in limbo. Catch up quick: Kyivstar, which is majority owned by Dubai-based Veon, earlier this week agreed to go public on the Nasdaq at an implied $2.2 billion valuation via Cohen Circle Acquisition, a SPAC led by blank-check vets Betsy and Daniel Cohen. It would be the first Ukraine-based business to list in the U.S., and the first non-fintech deal for Cohen Circle. By the numbers: Uklon says it operates in 27 Ukrainian cities with more than 100,000 drivers on its platform. Last year it completed over 100 million rides and more than three million deliveries.
