Adrian Cundy

Chris Hoare

Don Espey

Matthew Harrigan

Nick Paton

Theodore O'Neill

Vincent Fernando

Cesar Tiron

Joseph Nielson

- **VEON Ltd.'s** Kazakh operating company, Beeline Kazakhstan, has agreed to acquire **100%** of the Kazakh online classifieds business **OLX Kazakhstan** from OLX Group for a total consideration of **USD 75 million**.  **[1468091_0001468091-25-000090_veonsbeelinekazakhstanto.htm:0]** 
- As of June 30, 2025, OLX Kazakhstan had approximately **10 million monthly active users** and **3.6 million listings**, and was visited monthly by more than **52%** of Kazakhstan's active internet users.  **[1468091_0001468091-25-000090_veonsbeelinekazakhstanto.htm:0]** 
- The acquisition is intended to enhance Beeline Kazakhstan's digital operator offering to customers and integrate OLX KZ into its digital services ecosystem.  **[1468091_0001468091-25-000090_veonsbeelinekazakhstanto.htm:0]**

VEON's Beeline Kazakhstan to Acquire OLX Kazakhstan

- VEON Ltd. and Kyivstar Group Ltd. announced an investor meeting on **August 28, 2025**, to provide an update on Kyivstar's strategic initiatives, financial performance, and market outlook, including key developments from their **Q2 2025 results**.  **[1468091_0001213900-25-081391_ea025494201ex99-1_veonltd.htm:0]** 
- Kyivstar is Ukraine's leading digital operator, serving **22.4 million mobile customers** and **1.1 million home internet fixed line customers** as of **June 30, 2025**.  **[1468091_0001213900-25-081391_ea025494201ex99-1_veonltd.htm:0]**  Together with VEON, Kyivstar intends to invest **USD 1 billion** in Ukraine during **2023-2027**.  **[1468091_0001213900-25-081391_ea025494201ex99-1_veonltd.htm:0]** 
- Kyivstar reported **H1 2025 revenue** of **UAH 22.4 billion** (**$539 million**) and **Adjusted EBITDA** of **UAH 12.7 billion** (**$306 million**), demonstrating a **37% growth in revenue** and **41% growth in Adjusted EBITDA** year-over-year in UAH.  **[1468091_0001213900-25-081391_ea025494201ex99-2_veonltd.htm:9]** 
- As of **August 27, 2025**, Kyivstar's market capitalization was **$2,822 million** with an enterprise value of **$2,534 million**.

VEON and Kyivstar Announce Investor Meeting and Q2 2025 Results Discussion

VEON (VEON)