VEON Delegation Attends 2024 YES Annual Meeting, Discusses Investment and Continued Commitment to Serving Ukraine
16 September 2024 - 9:00PM
Kyiv, 16 September 2024 – VEON Ltd. (Nasdaq: VEON,
Euronext Amsterdam: VEON), a global digital operator that provides
converged connectivity and online services, together with its
100%-owned subsidiary Kyivstar, participated in the 2024 Yalta
European Strategy (YES) Annual Meeting, which focused on Ukraine’s
European future and global context.
The VEON delegation, which included the VEON’s
Board Chairman and Founder Augie Fabela, VEON and Kyivstar Board
member and 70th US Secretary of State Mike Pompeo, Kyivstar CEO
Oleksandr Komarov, as well as VEON Group Director of Corporate
Affairs Marine Babayan, attended the conference held in Kyiv last
week.
Secretary Pompeo joined a panel moderated by
former President of Poland Aleksander Kwasniewski on “Ukraine’s
Role in Creating a Safe World”, alongside the Head of the Office of
the President of Ukraine Andrii Yermak, former British Prime
Minister Boris Johnson and a former Minister of Defence of The
Netherlands Kajsa Ollongren. Secretary Pompeo also addressed the
YES Annual Meeting in a session titled “A Conversation with Mike
Pompeo: Future of the US-Ukraine relationship” moderated by CNN’s
Fareed Zakaria.
In their engagements, including one-on-one
meetings with government and business leaders, the VEON delegation
emphasized the importance of continued Western support to Ukraine’s
future. The VEON delegation also noted the role integral role of
the private sector, in partnership with the Government and civil
society, in Ukraine’s reconstruction. Earlier this year, at the
Ukraine Recovery Conference held in Berlin, VEON announced its
commitment to invest USD 1 billion over the five-year period from
2023 through 2027 for the rebuilding of Ukraine’s telecommunication
and digital infrastructure. VEON, through its wholly owned
subsidiary Kyivstar, was named the top international investor in
Ukraine in 2022 and 2023 by Forbes Ukraine and New Voice of
Ukraine.
“We hope that VEON's commitment to invest USD 1
billion in Ukraine stands as an example that other foreign
investors will follow. The private sector will be indispensable in
shaping Ukraine’s recovery, and we are fully committed to building
a stronger, more resilient economy," said Augie Fabela, VEON
Board Chairman and Founder. "Being on the ground in Ukraine was
essential to engage with key decision-makers and participate in the
broader geopolitical conversation. We highlighted the crucial role
of VEON and Kyivstar in keeping Ukrainians connected, as well as
our leadership in building energy resilient solutions to ensure
uninterrupted communication and digital services in all
circumstances.”
The YES Forum fosters new ideas for the future
of Ukraine and for 20 years has facilitated dialogue between
leaders from Ukraine, the EU, the US and beyond by bringing
together various heads of state, government officials, as well as
decision makers and thought leaders.
VEON is the parent company and the sole owner of
Kyivstar, the largest telecommunications operator in Ukraine, which
serves 23.4 million mobile and 1.1 million fixed-line customers and
has kept Ukraine connected through the extremely challenging
conditions of the war.
About VEON
VEON is a digital operator that provides
converged connectivity and digital services to nearly 160 million
customers. Operating across six countries that are home to more
than 7% of the world’s population, VEON is transforming lives
through technology-driven services that empower individuals and
drive economic growth. Headquartered in Amsterdam, VEON is listed
on Nasdaq and Euronext. For more information
visit: www.veon.com
Disclaimer
This release contains “forward-looking
statements,” as the phrase is defined in 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. Forward-looking
statements are not historical facts, and include statements
relating to, among other things, VEON’s corporate social
responsibility and investment plans. Forward-looking statements are
inherently subject to risks and uncertainties, many of which VEON
cannot predict with accuracy and some of which VEON might not
anticipate. The forward-looking statements contained in this
release speak only as of the date of this release. VEON does not
undertake to publicly update, except as required by U.S. federal
securities laws, any forward-looking statement to reflect events or
circumstances after such dates or to reflect the occurrence of
unanticipated events. Contact Information
VEON Hande Asik Group Director of Communications
pr@veon.com
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