About VEON
VEON is a company based in Moscow (Russia) founded in 1992 was acquired by Philips in April 2001.. The company has 18,030 employees as of December 31, 2024. VEON has completed 8 acquisitions, including CDNvideo, DataFort and Golden Telecom. VEON operates in a competitive market with competitors including MTN, Jio, Airtel, SK Telecom and Optus, among others.
- Headquarter Moscow, Russia
- Employees 18030 as on 31 Dec, 2024
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Veon Ltd. Sponsored Adr
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Annual Revenue
$4 B8.27as on Dec 31, 2024
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Net Profit
$415 M-65.93as on Dec 31, 2024
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EBITDA
$1.69 B4.9as on Dec 31, 2024
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Latest Funding Round
$1 B (USD), Debt – Conventional
Sep 25, 2019
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Investors
Philips
& 1 more
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Employee Count
18030
as on Dec 31, 2024
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Investments & Acquisitions
CDNvideo
& 7 more
-
Acquired by
Philips
(Apr 24, 2001)
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IPO & Listings of VEON
VEON is a publicly listed company on the NASDAQ with ticker symbol VEON in USA, operating in the Communications sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of VEON
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $1.0B
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First Round
First Round
(01 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - VEON | Valuation |
investors |
|
| Jun, 2017 | Amount | Debt – Conventional - VEON | Valuation |
investors |
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| Jun, 2017 | Amount | Debt – Conventional - VEON | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VEON
VEON has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Philips and Sberbank CIB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Operates as a diversified lending non-banking financial institution.
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Founded Year | Domain | Location | |
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Diversified products are provided across health, lighting, and consumer sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by VEON
VEON has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include CDNvideo, DataFort and Golden Telecom. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
CDN solutions are provided for streaming, VOD, and website acceleration.
|
2010 | ||||
|
Mobile, fixed, internet, and international services are provided worldwide.
|
2005 | ||||
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IT consulting, cloud, data center, and security services are provided.
|
2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - VEON
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Veon Comparisons
Competitors of VEON
VEON operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, SK Telecom and Optus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
|
|
| domain | founded_year | HQ Location |
Provider of telecommunication services
|
|
| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
|
|
| domain | founded_year | HQ Location |
Provider of integrated telecommunication services
|
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
|
|
| domain | founded_year | HQ Location |
Integrated telecom service provider
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Veon
Frequently Asked Questions about VEON
When was VEON founded?
VEON was founded in 1992 and raised its 1st funding round 25 years after it was founded.
Where is VEON located?
VEON is headquartered in Moscow, Russia.
Who is the current CEO of VEON?
Kaan Terzioglu is the current CEO of VEON.
How many employees does VEON have?
As of Dec 31, 2024, the latest employee count at VEON is 18,030.
What is the annual revenue of VEON?
Annual revenue of VEON is $4B as on Dec 31, 2024.
What does VEON do?
VEON was founded in 1992 in Moscow, Russia, and operates as a telecommunications provider. Services such as voice, fixed broadband, data, and related offerings are delivered across multiple regions. In 2021, annual revenues of 8.11 billion were achieved, with a net profit of 0.67 billion recorded. Leadership is provided by CEO Kaan Terzioglu, overseeing operations in the sector.
Is VEON publicly traded?
Yes, VEON is publicly traded on NASDAQ under the ticker symbol VEON.
How many acquisitions has VEON made?
VEON has made 8 acquisitions, including CDNvideo, DataFort, and Golden Telecom.
Who are VEON's investors?
VEON has 2 investors. Key investors include Philips, and Sberbank CIB.
What is VEON's ticker symbol?
The ticker symbol of VEON is VEON on NASDAQ.
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