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Veon ltd   (NASDAQ: VEON)
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Veon ltd

Business Description


Veon Ltd, formerly known as VimpelCom Ltd, is a multinational telecommunications company headquartered in Amsterdam, Netherlands. The company offers a range of services such as voice, data, and messaging services to its customers in various locations around the world.

Veon has a strong presence in emerging markets and operates in 10 countries, including Russia, Pakistan, Bangladesh, Ukraine, Kazakhstan, Algeria, Uzbekistan, Kyrgyzstan, Georgia, and Italy. Collectively, the company serves almost 210 million customers.

Veon has a diverse portfolio of brands that cater to different customer needs. For example, in Russia, the company operates under the brand name Beeline, while in Pakistan, it operates as Jazz. The company has taken a customer-centric approach to service delivery and offers customized products and services.

Veon owns and operates a vast infrastructure, including a fiber optic network, cloud data centers, and data networks. The company also runs mobile money services in some of its markets.

Veon*s operations have been impacted by geopolitical and economic instability, especially in markets like Algeria and Ukraine. However, the company has remained committed to investing in these markets and maintaining its presence as part of its long-term growth strategy.

Veon has made significant strides in corporate social responsibility and is committed to giving back to the communities it operates in. The company has established programs to improve digital literacy, promote entrepreneurship, and create sustainable employment opportunities in its markets.

In conclusion, Veon Ltd is a leading telecommunications company with a strong presence in emerging markets. The company has invested in building an extensive infrastructure and offers customized products and services to its customers. Through its corporate social responsibility initiatives, Veon is committed to creating long-term value for its customers, shareholders, and the communities it operates in.



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