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.

Kyivstar announced that 5 million customers have connected to its Starlink Mobile satellite network since launching nationwide coverage in November 2025. The integration is being tested under wartime conditions in Ukraine, with over 7 million SMS messages transmitted and successful pilots in financial services, agriculture, and humanitarian sectors. Kyivstar plans to launch light data services in 2026 to support emergency and government services.

VEON's subsidiary Jazz International Holding Limited has agreed to acquire a controlling stake in TPL Insurance Limited, a publicly listed Pakistani insurance firm, for approximately PKR 4.15 billion (USD 14.6 million). The acquisition aims to expand VEON's digital financial services ecosystem in Pakistan by integrating insurance with existing platforms like JazzCash and Mobilink Bank to improve financial inclusion. The transaction is expected to close mid-2026, subject to regulatory approvals.

VEON's Beeline Uzbekistan and Rakuten Symphony have signed a Memorandum of Understanding to collaborate on developing Uzbekistan's digital economy. The partnership will focus on Open RAN development, AI-powered network intelligence, cloud-native architectures, and next-generation digital platforms. This expansion builds on existing Rakuten-VEON partnerships in Ukraine and Kazakhstan.

VEON Ltd., through its operating companies JazzWorld and Banglalink, has announced a partnership with the GSMA's Mobile for Development Foundation to co-fund digital innovation projects in Pakistan and Bangladesh. The collaboration, formalized through a Memorandum of Understanding signed at MWC26 Barcelona, will provide financial support and in-kind contributions including ecosystem visibility and capacity building to selected start-ups in the 2026 GSMA Innovation Fund rounds.

VEON Ltd. announced an expanded partnership with MeetKai Inc. to deploy sovereign, locally-deployed AI infrastructure across VEON's operating markets. The collaboration aims to accelerate secure compute environments aligned with data residency requirements, leveraging VEON's regional footprint and data center capabilities combined with MeetKai's sovereign AI platform and local language models. The partnership follows an earlier November 2025 collaboration between MeetKai and VEON's QazCode subsidiary.

Board members of Kyivstar Group Ltd., including VEON founder Augie K Fabela II and former US Secretary of State Mike Pompeo, visited Kyiv on February 21-24, 2025 to meet with employees and demonstrate unwavering support for Ukraine. The board reaffirmed commitment to Kyivstar's development strategy, praised the company's resilience in maintaining network operations during the war, and highlighted strong financial results and continued investment plans. The company plans to invest USD 1 billion in Ukraine between 2023-2027.