0
Wireless

Veon withdraws guidance as results turn lower in April

Thursday 7 May 2020 | 09:56 CET | News
Veon reported a small increase in organic revenue in the first quarter of 0.3 percent, while EBITDA fell 1.8 percent on the same base. The company said organic revenues and EBITDA turned lower in April due to pressure on results from the Covid-19 pandemic, and Veon withdrew its previous guidance for 2020 results due to the uncertain outlook. 

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.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Ericsson / Veon
Countries: World
::: add a comment
This article is part of dossier

Coronavirus


Comments

People should not talk about EBITDA they should now talk about EBITDAC C stands for COVID-19
Adnan Hayee @ 7/5/2020 - 10:33


Add 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.


Related

Veon Q2 results hit by Covid-19 restrictions, hopes for gradual recovery in H2

Published 06 Aug 2020 08:37 CET | World
Veon reported second-quarter revenues down 16.3 percent year-on-year to USD 1.89 billion, hurt by store closures and reduced ...

Bangladesh sheds more than 2.4 mln mobile subscribers, 2 mln internet users in April

Published 22 Jun 2020 10:33 CET | Bangladesh
Bangladesh ended April with 162.9 million mobile phone subscribers, down from 165.3 million in March, according to data from the ...

Veon raises RUB 20 billion in debt offering

Published 12 Jun 2020 11:18 CET | Russian Federation
The Veon Group has announced the pricing of its issue of RUB 20 billion in 6.30 percent senior unsecured notes due 2025. These ...

Veon draws on medium-term debt programme

Published 09 Jun 2020 11:13 CET | World
Veon announced a drawdown of 5-year senior unsecured notes denominated in Russian Roubles, subject to market and other customary ...

Veon announces new RUB 100 bln loan agreement with Sberbank

Published 05 Jun 2020 13:58 CET | World
Veon has announced that it has successfully entered into a new RUB 100 billion bilateral term loan agreement with Sberbank. The ...

Jazz contributes PKR 20 mln to COVID-19 Relief Fund

Published 21 May 2020 11:31 CET | Pakistan
Pakistani operator Jazz reports it has provided PKR 20 million to the Prime Minister's COVID-19 Relief Fund by matching the ...

Bangladesh loses 780,000 mobile subscribers, adds more than 3 mln internet users in March

Published 15 May 2020 12:30 CET | Bangladesh
Bangladesh ended March with 165.33 million mobile phone subscribers, down from 166.11 in February, according to data from the ...

PTA, Pakistani mobile operators send more than 1 billion COVID-19 awareness SMS

Published 11 May 2020 09:53 CET | Pakistan
Pakistan Telecommunication Authority (PTA) and mobile operators sent coronavirus awareness SMS to subscribers across Pakistan. ...

Weekly news summary: BT suspends dividend, as O2 and Virgin Media UK plot a merger

Published 11 May 2020 09:24 CET | World
Earnings news in the past week was more about changes to guidance than the results themselves, with the Covid-19 lockdowns ...

Beeline revenues fall 3%, EBITDA down 9% in Q1

Published 07 May 2020 16:13 CET | Russian Federation
EBITDA totaled RUB 28.2 billion, down by 8.9 percent, and the EBITDA margin deceased by 2.9 percentage points, to 41.8 percent. ...

Banglalink revenue up 3.7% to BDT 11.6 bln in Q1

Published 07 May 2020 15:28 CET | Bangladesh
Banglalink reported good results in Q1 and continued to deliver year-on-year service revenue growth by using new 4G sites ...

Djezzy posts fall in Q1 revenue and EBITDA, as customer base continues lower

Published 07 May 2020 12:20 CET | Algeria
Veon's Algerian subsidiary Djezzy generated mobile service revenues of DZD 22.2 billion, down 2.4 percent year-on-year (+0.5% in ...

Veon withdraws from talks to sell Armenia unit to Ucom

Published 06 May 2020 10:34 CET | Armenia
Veon announced that it has withdrawn from discussions with Armenian operator Ucom related over a potential merger of their ...

Veon chair to step down at AGM, 5 new board members proposed

Published 01 May 2020 15:10 CET | World
Veon has scheduled the company's annual general meeting of shareholders for 01 June. Ursula Burns, who has been chairman of the ...

Veon establishes bond programme of up to USD 6.5 bln

Published 16 Apr 2020 15:09 CET | World
Veon has established a Global Medium Term Note programme for the issue of bonds, with a programme limit of USD 6.5 billion. The ...

Veon appoints Etisalat's Okandan as group CFO

Published 06 Apr 2020 11:07 CET | World
The Veon Group announced the appointment of Serkan Okandan as the group's CFO, effective 01 May. He worked previously as the ...

Veon appoints new CEO of Beeline Russia

Published 03 Apr 2020 09:36 CET | Russian Federation
The Veon Group has announced the appointment of Alexander Torbakhov as the CEO of Russian operator Beeline from 06 April....

Veon trading update points to pressure on sales from shop closures, lower roaming

Published 31 Mar 2020 10:31 CET | Russian Federation
The Veon Group has issued a trading update in light of developments relating to the Covid-19 pandemic. The company said its ...

Beeline revenues down 3.3 percent in Q4 as mobile customer numbers fall

Published 14 Feb 2020 09:26 CET | Russian Federation
Russian operator Beeline said its revenues fell 3.3 percent to RUB 73.4 billion in the fourth quarter as it continued to lose ...

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 ...





Calendar   /   Industry Events

02 Nov Cirrus Logic fiscal Q2
02 Nov Ceragon Networks Q3 2020
02 Nov SBA Communications Q3
02 Nov Adtran Q3 2020
02 Nov Neophotonics Q3 2020
02 Nov Lumentum fiscal Q1
02 Nov Skyworks fiscal Q4
02 Nov Idemia Q3 2020
02 Nov Arista Q3 2020
02 Nov Web Summit
03 Nov TIM Q3 2020
03 Nov Oteclo Q3 2020
04 Nov Fitbit Q3
04 Nov Lumen Technologies (formerly CenturyLink) Q3
04 Nov Qualcomm fiscal Q4
04 Nov Liberty Latin America Q3 2020
04 Nov Smith Micro Q3 2020
04 Nov Net Insight Q3 2020
04 Nov Qorvo fiscal Q2
04 Nov Telecom Italia Q3 2020
04 Nov Cellnex Q3
04 Nov Syn Q3 2020
04 Nov Magyar Telekom Q3 2020
04 Nov Liberty Global Q3 2020
04 Nov Softbank fiscal Q2
04 Nov Digital Infra Africa
05 Nov Cable One Q3 2020
05 Nov Aviat Q1
05 Nov Netia Q3 2020
05 Nov Viasat Q2
::: More Calendar Items