Remain excited about the longer-term prospects for our digital businessesĪcross our various operations. "Our digital platforms have continued to perform strongly in the period, with some good milestones across our JazzCash business in particular. I Structure in the coming period and I would like to thank Sergi Herrero for hisĬontribution to the Group over the past 18 months, in particular theĭevelopment of our digital businesses across our markets. We will be executing on our growth strategy with a revised leadership Who consume our digital applications on our improving networks as they deepen their engagement with our brands. I am also particularly pleased that Beeline Russia reported positive revenue growth in local currency terms for the full quarter as we continue to execute on our turnaround strategy. This was the strong growth of our 4G customers, now reaching 41% of our totalīase, a 10 percentage-point growth over the past year. "The momentum behind the good work done during 2020 has continued into this first quarter as the Group returned to year-over-year organic growth,Ĭontinuing the positive monthly trend we saw in December 2020. Kaan Terzioğlu and Sergi Herrero commented on 1Q21 results: O VEON's Mobilink Microfinance Bank won prestigious Diversity & Inclusion O Banglalink successfully acquired 9.4MHz frequency in spectrum auction O USD 1.25 billion multi-currency revolving credit facility agreement O Alex Bolis and Dmitry Shvets appointed to Group leadership team O Sergi Herrero is to step down as co-CEO, effective 30 June 2021
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Pakistan operating business for USD 272.5 million O The Group completed its acquisition of the 15% minority stake in its The impact of the Pakistan put option as we settled the USD 272.5m payment and We closed 1Q21 with net debt of USD 8.3bn (including lease liabilities),Ĭorresponding to a net debt/EBITDA ratio of around 2.4x. (+78.8% YoY), Toffee TV in Bangladesh reached 3.3 million monthly active users from launch in November 2019 and Beeline TV had 2.9 million monthly active users JazzCashĬlosed the quarter with 14.0 million monthly active users VEON's digital businesses continued to expand customer reach. This growth trend in 4G users is expectedīe a key tailwind for the Group over the next few years, Mobile data revenues for the period increased by 13.6% YoY in localĬurrency (3.8% reported), driven by the growth in 4G users Total subscribers, which grew by 3.6 million in 1Q21 to 212.7 million. The Group also recorded a QoQ increase in its 4G subscriber penetration was atĤ0.8% at quarter-end. Resulting in total 4G users of 86.8 million. The Group's 4G user base increased by 21.4 million YoY and 6.3 million QoQ,ĭriven by targeted network investments and other customer care measures, The combined 4G population coverage of our operating companies reached 75.9%, Supporting the continued expansion of our 4G customer base during the period. We successfully implemented our investment plans, with total operationalĬapex of USD 425 million, bringing our 12-month capex intensity to 24.7%, The business reported a YoY decline in local currency EBITDA of 4.8%, a marked improvement over the Local currency result was driven by Ukraine (+15.3%), Kazakhstan (+12.4%) and Group EBITDA declined 4.9% YoY due to adverse currency movements.
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Group EBITDA increased by 4.4% YoY in local currency terms, while reported Improvement in revenue trends, with 1Q21 YoY local currency growth of 1.4%īeing the third successive quarter of improving revenue trends. Revenues declined 5.1% due to currency headwinds. Growth, following 1.4% YoY growth that the Group recorded in 4Q20. Q1 results at upper end of full-year guidance. The 4.3% YoY growth in Group total revenues in local currency in 1Q21 indicates an acceleration of O FY2021 guidance increased to mid-single-digit revenue and EBITDA localĬurrency growth, from previous guidance of low to mid-single-digit revenue Of debt and lengthened maturities for our funding O Continued progress in optimizing our capital structure with a lower cost O Digital services continue to expand their reach, with more than 23 million O Ukraine, Kazakhstan and Pakistan in aggregate reporting +13.4% YoY revenue
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O Beeline Russia reporting full quarter growth, with 1Q21 revenues up 1.4% O Acceleration of Group revenue and EBITDA growth on a local currency basisĭespite one less day in 1Q21 compared to 1Q20 (VEON) announces results for the first quarter ended 31 March 2021:
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Strong Performance Across The Group Sees VEON Raise Full Year Guidance