Kyivstar Group has acquired six solar power plants in Ukraine's Lviv region with a total installed capacity of 105 MW for UAH 3.6 billion (USD 80.8 million). The acquisition increases Kyivstar's green energy generation capacity to 118 MW, enabling it to produce approximately 30% of its annual electricity consumption. The company plans to supply electricity to Ukraine's unified energy system while hedging its own energy costs.

An independent Frontier Economics report commissioned by VEON demonstrates that reducing mobile-specific taxation in Bangladesh (from 47% to 23%) and Pakistan (from 37% to 17%) could accelerate digital transformation and ultimately increase government revenues. The analysis projects GDP per capita growth would rise from 6.6% to 7.2% in Bangladesh and from 4.2% to 4.5% in Pakistan, with initial tax revenue losses offset by broader economic growth by 2030-2031.

VEON and its subsidiary Kyivstar have completed their USD 1 billion investment commitment to Ukraine ahead of schedule, delivering USD 1.3 billion (130% of target) between 2023 and April 2026. Investments focused on network connectivity, energy resilience, satellite services, and strategic acquisitions including ride-hailing platform Uklon and healthcare platform Tabletki.ua, demonstrating confidence in Ukraine's digital future amid ongoing conflict.

Kyivstar Group Ltd. and VEON have completed a $1.3 billion multi-year investment program in Ukraine, exceeding their $1 billion commitment by 30% ahead of schedule. The investments focused on expanding telecommunications infrastructure, digital services, energy resilience, and strategic acquisitions including Uklon, Tabletki.ua, and SUNVIN 11 to strengthen connectivity and support Ukraine's digital transformation during wartime.

VEON Ltd. announced the suspension of depositary service fees on its American Depositary Shares effective January 1, 2026, reducing the cost of ownership by USD 0.05 per ADS annually. The company also introduced a capital allocation policy targeting at least USD 100 million in annual share buybacks, while continuing its strategy to transform into a consumer and enterprise service company across five markets.

VEON's Bangladesh subsidiary Banglalink has signed an agreement with Starlink Mobile to integrate direct-to-device satellite connectivity in remote areas. Banglalink plans to launch messaging in 2026 followed by data services. This marks Bangladesh as VEON's third market for satellite-powered connectivity, following successful rollouts in Ukraine and Kazakhstan.

The United States District Court for the Southern District of New York has approved a proposed class action settlement of $19,970,000 for purchasers of VEON Ltd. American Depositary Shares between June 30, 2011 and November 3, 2015. A hearing is scheduled for May 19, 2026, to determine settlement approval. Class members must submit claim forms by April 28, 2026, to be eligible for payment.

VEON CEO Kaan Terzioglu announced that the company is pivoting toward sovereign AI as its next major profit driver, leveraging locally-built AI models across five frontier markets: Pakistan, Bangladesh, Ukraine, Kazakhstan, and Uzbekistan. The company's digital revenues reached $759 million in 2025 (17.3% of total revenue) with 205 million active users in its digital ecosystem. VEON is positioning itself as a digital services company rather than a traditional telecom, with AI integrated across fintech, education, healthcare, and enterprise services.

JazzCash, a subsidiary of VEON Ltd., has reached a major milestone by onboarding 1 million Raast QR-enabled merchants in Pakistan. The platform now powers the country's largest digital payment acceptance network, serving 58 million registered customers and processing over PKR 15 trillion in transaction value in 2025. This achievement supports Pakistan's transition toward a cashless economy and financial inclusion.

Uklon, Ukraine's leading ride-hailing service and a Kyivstar subsidiary, has launched a new Travel service enabling users to book domestic and international bus tickets within its app. The expansion addresses growing demand for flexible transport options and positions Uklon to capture a larger share of transportation spending. With 3.8 million monthly active users and an annualized revenue run rate exceeding $100 million, Uklon is evolving into a comprehensive one-stop mobility platform.

Kyivstar Group's subsidiary Uklon, Ukraine's largest ride-hailing firm, has launched a new 'Travel' service allowing users to purchase domestic and international bus tickets directly through the Uklon mobile app. The service expands Uklon's ecosystem beyond ride-hailing to include courier delivery and advertising, addressing transportation needs as air travel remains unavailable and railway capacity is strained.

VEON reported strong 2025 financial results with total revenue growing 17.4% YoY to USD 1,171 million in Q4, and EBITDA increasing 29.1% YoY to USD 527 million. Digital revenues surged 84.1% YoY to USD 235 million, representing 20.1% of total revenue. For full year 2025, digital revenues grew 62.5% YoY to USD 759 million. The company completed a USD 100 million share buyback program and launched a second program, while making strategic acquisitions including Tabletki.ua in Ukraine and advancing toward acquiring TPL Insurance in Pakistan.