Veon targets double-digit revenue growth in 2022-24, plans lower capex and more tower sales

Tuesday 7 December 2021 | 11:16 CET | News
Veon has announced new financial targets at an analyst meeting, of a 10-14 percent CAGR in revenues measured in local currencies and EBITDA growth over the next three years. The operator said it expects its recent investments in 4G networks to pay off in accelerated revenue growth in the period 2022-24. At the same time, it will explore more sales of tower assets, after recently completing a deal in Russia. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Banglalink / Beeline / Jazz / Kyivstar / Veon
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Veon names Axiata's Abdullah as CEO of Veon Ventures

Published 29 Dec 2021 10:30 CET | World
Veon announced that Mohammad Khairil Abdullah will join the Veon Group as CEO of Veon Ventures,  effective from 01 March 2022. He ...

Veon concludes RUB 90 bln bank financing

Published 27 Dec 2021 12:04 CET | World
Veon Group has announced that its subsidiary Veon Finance Ireland Designated Activity Company has concluded bank financing of RUB ...

Veon plans global roll-out of MobileID

Published 09 Dec 2021 09:03 CET | World
The Veon Group has announced the global launch of its MobileID initiative, an authentication, credentials management and ...

Veon aligns executive compensation with total shareholder returns

Published 07 Dec 2021 15:28 CET | World
The Veon Group announced a long-term incentive plan for its group executive management staff that aligns executive rewards with ...

Veon completes sale of Russia towers

Published 01 Dec 2021 17:29 CET | Russian Federation
Veon Group has completed the sale of its Russian tower assets to Service-Telecom for RUB 70.650 billion. The deal was announced ...

Veon returns to organic revenue growth in Q4, targets further increase in 2021

Published 18 Feb 2021 09:19 CET | World
Veon reported a return to organic revenue and EBITDA growth in Q4 and said it targets a further increase in 2021. Quarterly ...

Veon names new CEOs after meeting FY targets, targets similar organic growth in 2020

Published 14 Feb 2020 09:15 CET | Russian Federation
Veon Group said it met or exceeded its targets for growth in organic revenue, EBITDA and cash flow for 2019 and declared a final ...

Veon targets growth in new services, dividend at 50% of cash flow

Published 03 Sep 2019 09:42 CET | World
Veon has updated its strategy and targets at an investors day with analysts. The company increased its EBITDA growth target for ...

Calendar   /   Industry Events

19 Jan Fujitsu ActivateNow: Technology Summit
20 Jan Limelight Networks Q4 2021
20 Jan Netflix Q4 2021
25 Jan Ericsson Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Verizon Q4 2021
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Samsung Electronics Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Elisa Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
::: More Calendar Items