Telecoms group VEON posts yearly revenue boost despite Ukraine cyberattack

Reuters

03-20

Telecoms group VEON posts yearly revenue boost despite Ukraine cyberattack

March 20 (Reuters) - VEON VEON-RX.MM, VEON.O reported a 14.6% jump in its annual revenue on Thursday, despite a Russian cyberattack in Ukraine and political unrest in Bangladesh affecting the telecoms group's operations.

The parent of Ukraine's Kyivstar and Bangladesh's Banglalink said its revenue was $4.24 billion in 2024, with an adjusted impact of $68 million from what it called "identified items" in Ukraine, Bangladesh and Kazakhstan.

(Reporting by Gianluca Lo Nostro in Gdansk; editing by Milla Nissi)

((gianluca.lonostro@thomsonreuters.com;))

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