Joseph Nielson's questions to VEON Ltd (VEON) leadership • Q1 2024
Question
Joseph Nielson from Citigroup Inc. inquired about VEON's digital operator strategy, specifically the rationale for expanding into adjacent markets and the long-term monetization plan for these digital services.
Answer
Group CEO Kaan Terzioglu explained that VEON operates in markets with 500 million people who are underserved in financial, entertainment, and healthcare services. He emphasized the company's unique position as a low-cost customer acquisition engine. Terzioglu stated that digital platforms like JazzCash and Tamasha are core to the strategy, driving customer retention and ARPU growth. He also indicated that the long-term goal is to create value from these digital services as standalone businesses, with more details to be shared at the upcoming Capital Markets Day.