Question · Q3 2025
Nicholas Paton asked about the strategic plan for the $653 million cash held at VEON's headquarters and the feasibility of repatriating these funds up the corporate chain.
Answer
Kaan Terzioğlu, CEO of VEON, clarified that the $653 million is at VEON HQ, not Kyivstar, and noted martial law limitations on upstreaming dividends in Ukraine. He stated the plan is to invest in Ukraine's growth opportunities and energy resilience, while keeping cash safe in generating assets.
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