VEON expands its digital commerce footprint with acquisition of OLX in Kazakhstan. November 06, 2026 06:03 ET | Source: VEON Ltd. New York, Dubai, Astana, [November 6, 2026] - VEON Ltd. (Nasdaq: VEON), a global digital operator ("VEON" or "the Company"), today announces that its subsidiary Beeline Kazakhstan has completed the acquisition of 100% of OLX Group LLP ("OLX KZ") from OLX Global B.V. for a total consideration of USD 81 million (inclusive of approximately USD 6 million of completion adjustments), following receipt of relevant regulatory approvals. OLX KZ is a scaled platform for goods, services, real estate and automotive listings, reaching more than 52% of Kazakhstan's active internet population with approximately 9 million monthly active users. The acquisition adds a marketplace through which people buy, sell and earn, and businesses reach customers. It reported annual revenue of just over USD 28 million in 2026[1]. The acquisition advances VEON's digital operator strategy of integrating category-leading digital services into its portfolio and scaling them through its connectivity base. It adds to VEON's existing portfolio across financial services, entertainment, healthcare, education and enterprise solutions, and follows recent additions including ride-hailing leader Uklon and health marketplace Tabletki.ua in Ukraine, and TPL Insurance in Pakistan. In 2Q26, VEON served 227.7 million digital customers, with digital revenue growing 53.6% year-on-year and now accounting for over a quarter of Group revenue. "This acquisition marks another milestone in the digital operator strategy that is reshaping VEON," said Kaan Terzioglu, Chief Executive Officer of VEON. "Across our markets, we are building digital ecosystems that give millions of people meaningful access to digital financial services, healthcare, education and entertainment, and OLX KZ brings Kazakhstan's leading classifieds platform into that portfolio." "We welcome the OLX KZ team into Beeline Kazakhstan as we expand our digital ecosystem," said Jabbor Kayumov, CEO of Beeline Kazakhstan. "Combining our connectivity leadership with OLX KZ's reach will deliver new digital experiences to millions of Kazakhs and strengthen our platform for long-term growth." "Joining Beeline Kazakhstan's digital ecosystem opens a new chapter for OLX KZ and our market-leading classifieds platform," said Yelena Kim, General Manager of OLX KZ. "We look forward to scaling our operations and combining our marketplace with Beeline Kazakhstan's connectivity and digital services to deliver greater value to buyers and sellers across the country." Beeline Kazakhstan announced the agreement to acquire OLX KZ in October 2025. Following the completion of the acquisition, OLX Group will provide transitional IT services under a handover arrangement to ensure uninterrupted service for OLX KZ's users. [1] Year ending March 2026 About VEON VEON is a digital operator that provides connectivity and digital services to over 150 million connectivity users and approximately 228 million digital customers. Operating across five countries that are home to 550 million consumers, more than 6% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit www.veon.com. About Beeline Kazakhstan Beeline Kazakhstan serves 11.8 million customers with mobile connectivity and around one million with fixed internet services. Since 2018, the company has been executing its digital operator strategy. Over the past five years, leveraging its expertise in digital solution development, Beeline Kazakhstan has created an ecosystem of 60 internal and external products. Beeline Kazakhstan is majority-owned by VEON. Forward-Looking Statements This release contains "forward-looking statements", within the meaning of the 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. Such forward-looking statements include, but are not limited to, statements relating to the acquisition of OLX Kazakhstan and its integration into Beeline Kazakhstan's digital service portfolio. There are numerous risks and uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating the acquisition of OLX Kazakhstan and its integration into Beeline Kazakhstan's digital service portfolio, among others discussed in the section entitled "Risk Factors" in VEON's 2025 Form 20-F filed with the SEC on March 16, 2026 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law. Contact Information

VEON to acquire interest in Jungo TV and All Women's Sports Network (AWSN) to accelerate digital entertainment growth. November 06, 2026 04:07 ET | Source: VEON Ltd. Investment combines U.S. entertainment and women's sports content with VEON's digital platforms and Jungo TV's distribution across 65 countries New York, Los Angeles, Dubai, November 5, 2026 - VEON Ltd. (NASDAQ: VEON), a global digital operator, today announced an agreement to make a strategic investment in JungoTV Holdco, Inc., the newly formed holding company of Jungo TV, a U.S. media company headquartered in Los Angeles. VEON will acquire a 33.75% equity stake, and control rights. The investment will strengthen VEON's digital entertainment business by combining Jungo TV's content portfolio and international distribution with VEON's digital platforms, customer relationships and local market expertise. It will support the expansion of entertainment and sports programming across VEON's operating markets while creating opportunities to grow digital revenues internationally. Jungo TV operates a global portfolio of streaming and television channels distributed across more than 60 countries through leading platforms and broadcast partners, including Amazon Prime Video, Pluto TV, DIRECTV, Sling, Jio in India, SuperSport in Africa, and MBC in the Middle East. Its portfolio includes the All Women's Sports Network (AWSN), co-founded with Whoopi Goldberg, a 24/7 global sports network dedicated exclusively to women's sports, showcasing athletes and competitions from grassroots development to the highest levels of professional competition. Both Jungo TV and the All Women's Sports Network will remain headquartered in Los Angeles and led by their existing US-based management teams. Following completion, VEON intends to expand access to Jungo TV programming across its markets in Pakistan, Bangladesh, Uzbekistan, Kazakhstan and Ukraine. The combination is expected to support deeper customer engagement and revenue growth through subscriptions, advertising, sponsorship and content licensing. "Entertainment is central to our digital operator strategy: bringing customers services they value throughout the day," said Kaan Terzioglu, Chief Executive Officer of VEON Group. "Jungo TV, and particularly AWSN, bring together distinctive content, an exciting women's sports platform and established international distribution. By combining these strengths with our digital platforms and customer relationships, we aim to bring compelling entertainment to more people, deepen engagement and build new sources of digital revenue. This investment connects American content with the opportunities in our markets and gives us a platform for further international growth." "At Jungo TV, we have always believed that exceptional content has no borders; it belongs to the world. This partnership with VEON is a defining moment, not only for Jungo TV and AWSN, but for the many millions of viewers across emerging markets who deserve access to world-class digital entertainment. VEON's unparalleled global reach and infrastructure, combined with our content vision and the remarkable platform that AWSN represents, creates something truly extraordinary. I am immensely proud of what we have built, and I am genuinely excited about what we will build together" added Nasser Kazeminy, Chairman of Jungo TV. "When we started AWSN, the idea was simple: women athletes deserve the same opportunity to be seen, celebrated, and supported as anyone else. Talent doesn't have borders, and neither should opportunity. Our partnership with VEON allows us to bring these incredible women and their stories to millions of new fans around the world. This is about more than sports. It's about changing what the next generation gets to see, believe, and dream is possible. Because when she wins, we all win" said Whoopi Goldberg, Co-Founder, AWSN. The investment comprises $5 million in cash, payable on signing, and approximately 2.35 million existing shares of Kyivstar Group Ltd. (NASDAQ: KYIV) held by VEON, to be delivered at closing at the agreed reference price of $18.00 per Kyivstar share. The transaction involves the transfer of existing VEON-held Kyivstar shares and does not involve the issuance of new Kyivstar shares. The consideration shares will be subject to a staged lock-up over the 12 months following closing, with orderly sell-down restrictions continuing to apply as shares are released from lock-up. The transaction is subject to customary closing conditions, including certain regulatory approvals, and is expected to close in 2027. The value of Kyivstar shares at closing will depend on market price at that time. About VEON VEON is a digital operator that provides connectivity and digital services to more than 150 million connectivity users and more than 228 million digital users. Operating across five countries that are home to more than 6% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: https://www.veon.com. About Jungo TV Jungo TV is a U.S.-based global media and entertainment company specializing in the development, acquisition, distribution, and monetization of premium television channels, digital content, and entertainment brands. Through strategic partnerships with leading streaming platforms, connected TV services, broadcasters, and telecommunications operators, Jungo TV has established a global distribution footprint spanning 65 countries, connecting audiences with distinctive, culturally relevant programming. Its diversified portfolio spans women's sports, martial arts, health and wellness, Asian entertainment, and culturally focused content, creating opportunities for audience growth, advertising, and content monetization across international markets. Forward-Looking Statements This release contains "forward-looking statements", within the meaning of the 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. Such forward-looking statements include, but are not limited to, statements relating to VEON's digital operator strategy and the proposed transaction described herein. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to VEON's digital operator strategy and the proposed transaction described herein, among others discussed in the section entitled "Risk Factors" in VEON's 2025 Form 20-F filed with the SEC on March 16, 2026 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law. This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of the Company, Kyivstar Group Ltd. or any other entity. Contact Information VEON [email protected]

Veon says fuel shortages pose biggest threat as it leans on satellite data growth. 06 Nov 2026 02:58PM (Updated: 06 Nov 2026 05:06PM) Add CNA as a trusted source to help Google better understand and surface our content in search results. Nov 6: The chief of Dubai-based telecoms group Veon said on Friday that fuel shortages were a bigger threat to its business than rising prices, pointing to power outages in Bangladesh that have halted factories and strained mobile networks. Data use in Bangladesh has fallen 15 per cent this year, when it should have risen about 40 per cent, CEO Kaan Terzioglu told Reuters. Starlink's satellite-to-mobile service, which Veon runs on its spectrum and network, now reaches 13.2 million subscribers across Veon's markets, including Ukraine through Kyivstar. Android phones can use it, and iPhone support is expected within about a month, pending an Apple software update, Terzioglu said. The service is not yet offered in Pakistan or Uzbekistan. Terzioglu said those governments were concerned about sovereignty and that Veon was still working to win their approval. Terzioglu also said Veon would keep buying back at least $200 million worth of its own shares a year, and that cancelled shares would not be reissued, after raising its 2026 revenue forecast earlier on Friday. It lifted the revenue growth forecast to between 16 per cent and 18 per cent in US dollar terms, from 15 per cent to 18 per cent previously, saying its digital businesses were growing faster than the core mobile operations. Third-quarter revenue grew 17.2 per cent to $1.31 billion, while earnings before interest, taxes, depreciation and amortization climbed 10.1 per cent to $577 million. Digital revenue jumped 45.9 per cent to $355 million, which is 27.2 per cent of the group total. In a separate statement, Veon said it had agreed to buy a controlling stake in JungoTV, owner of the All Women's Sports Network, in a deal worth about $47.3 million. Terzioglu said the group would use the content to supply entertainment platforms across all its markets, targeting about 30 million diaspora customers from Pakistan, Bangladesh and Ukraine. It expects to close the deal in 2027.