VEON Ltd.

VEON Ltd.

VEON Ltd.

Overview
Date Founded

1992

Headquarters

Claude Debussylaan 88, Amsterdam, 1082 MD, NLD

Type of Company

Public

Employees (Worldwide)

46.5K

Industries

Wireless Telecommunications
Cable, Satellite, and Radio Telecommunications

Company Description

VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. It operates through the following segments: Cornerstone; Growth Engines; and Frontier Markets. The Cornestone segment include operations in Russia. The Growth Engines segment comprise businesses in Pakistan, Ukraine, Kazakhstan, and Uzbekistan. The Frontier Markets segment covers the market of Algeria and Bangladesh. The firm brands include Beeline, Kyivstar, Banglalink, Jazz, and Djezzy. The company was founded by Dmitri B. Zimin and Augie K. Fabela II in 1992 and is headquartered in Amsterdam, the Netherlands.

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Executives & Employees

Founder

Co-Group Chief Executive Officer

Co-Group Chief Executive Officer

Group General Counsel

Group Chief Technology Officer

Chief Executive Officer-Vimpelcom Russia

Chief Executive Officer-Beeline Kyrgyzstan

Chief Executive Officer-Beeline Georgia

Group Chief Compliance Officer

Chief Executive Officer-Kyivstar

Board of Directors

Founder at Change the Equation, Inc.

Co-Founder at Alfa Group

Affiliate Partner at Lindsay Goldberg, LLC

Former Chief Financial Officer at Randstad NV

Senior Partner at LetterOne Technology Ltd.

Chief Executive Officer at Chelsea FC Plc

Founder at Poynt Co.

Former Deputy Chief Executive Officer at Vodafone Ventures Ltd.

Former Chief Financial Officer & Executive Vice President at Aker ASA

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VEON Ltd.
Owners & Shareholders
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TT is an active, conviction-based manager which follows an absolute return/high alpha strategy, seeking positive absolute returns for their hedge funds and aiming for excess returns above relevant benchmarks for their long-only products.The firm believes that markets are structurally inefficient because they insufficiently discount geopolitical and other macro factors and because persistent behavioral biases cause asset prices to diverge from underlying fair value. They also believe that optimal results come from extracting value and protecting capital through all means available, including country allocation, thematic plays, sector rotation, stock selection and currency management.TT believes that success in global markets depends on integrating informed top-down views with robust company analysis. They perform fundamental analysis to identify asset mispricing and select stock based on pragmatic thinking, being flexible on style and choose valuation tools and risk factors on a case by case basis.The firm's research platform is central to their success and peer debate drives their research expertise and idea generation. All their strategies benefit from their operational platform and robust risk management and individual decision-makers are accountable. Their comprehensive risk management approach is fully embedded into their investment process and includes an iterative process between portfolio managers and the Risk Management team to best understand and manage portfolio, liquidity and counterparty risk.TT constructs concentrated portfolios comprised of their best ideas, selling stocks when they reach their price targets, when the investment case has changed, or to make room for better ideas.

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Prosperity Capital Management (PCM) is an active, value- and growth-oriented investment manager. The firm invests primarily in the stocks of large-cap US and European companies that are selected with a long-term outlook. Their investment philosophy is based on the belief that sector focus is essential. PCM is particularly interested in investments in the following sectors: oil & gas, power utilities, telecommunications, cyclicals and consumer goods. They invest mainly in European and US large-cap companies. PCM employs a bottom-up, research-driven investment approach. Security selection is based on the use of quantitative sector analysis, as well as fundamental and qualitative analysis.

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EXOR UK invests in different sectors, mainly in Europe and in the United States, focusing on few global companies.

Recent Transactions
Details Hidden

UCom LLC purchases ArmenTel CJSC from VEON Ltd.

Details Hidden

VEON Ltd., VEON Holdings BV purchase Global Telecom Holding SAE

Details Hidden

CK Hutchison Holdings Ltd. purchases Wind Tre SPA from VEON Ltd.

Transaction Advisors
Legal Advisor

Advised onH3G SpA, CK Hutchison Holdings Ltd. purchase Wind Telecomunicazioni SpA from VEON Ltd. resulting in a new company Wind Tre SPA

Legal Advisor

Advised onTelenor ASA, VEON Ltd. purchase Wind Telecom SpA

Global Coordinator

Advised onVEON Ltd. issued USD American Depositary Shares (ADS)

Global Coordinator

Advised onVEON Ltd. issued USD American Depositary Shares

Counsel

Advised onTelenor ASA, VEON Ltd. purchase Wind Telecom SpA

Legal Advisor

Advised onH3G SpA, CK Hutchison Holdings Ltd. purchase Wind Telecomunicazioni SpA from VEON Ltd. resulting in a new company Wind Tre SPA

Advisors & Consultants
Legal Advisor

Partner at Sidley Austin LLP

Advisor

Partner at Chadbourne & Parke LLP

Legal Advisor

Partner at DLA Piper

Clients

Iliad SA engages in providing Internet access and telecommunication services. The company offers fixed and mobile telephony services, prepaid phone cards and internet access providing and hosting services. It operates through France and Italy geographical segments. The company was founded by Xavier Niel on August 31, 1987 and is headquartered in Paris, France.

Global Telecom Holding SAE provides mobile telecommunications services. It operates through the following brands: Djezzy, Mobilink, and Bangalink. The company was founded by Naguib Onsi Naguib Sawiris in 1976 and is headquartered in Cairo, Egypt.

Net Element, Inc. operates as a financial technology-driven group in mobile payments and other transactional services. It operates through the following segments: North America Transaction Solutions and International Transaction Solutions. The North America Transaction Solutions segment provides technology and services to businesses that are required to accept cashless transactions, mobile payment services, merchant performance analytical tools, and merchant back office reporting. The International Transaction Solutions segment provides online and mobile commerce solutions for merchants including social networks, game developers, online magazines, mobile applications and digital media operators. Net Element was founded on April 20, 2010 and is headquartered in North Miami Beach, FL.

Key Stats and Financials As of 2019
Market Capitalization
$2.76B
Total Enterprise Value
$14.5B
Earnings Per Share
$0.36
Revenue
$8.88B
Total Debt
$10.3B
Total Equity
$2.22B
Net Profit
$622M
EBITDAMargin
43.61%
EBITDA
$3.87B
TEVNet Income
23.33x
Enterprise Value EBITDAOperating
3.75x
Enterprise Value Sales
1.63x
Three Year Compounded Annual Growth Rate Of Revenue
-0.36%
Five Year Compounded Annual Growth Rate Of Revenue
-13.53%
Debt TEV
0.71x
Investments
Details Hidden

Corbina Telecom ZAO provides mobile, wired and data transfer telecommunication services. Corbina owns a fiber-optic network which provides fiber-to-the-building (FTTB) broadband Internet services in Moscow, St. Petersburg and other Russian cities. The company was founded in 1995 and is headquartered in Moscow, Russia.

Suppliers
Xura, Inc. Wireless Telecommunications | Richardson, TX

On February 4, 2013, Verint Systems Inc. ("Verint") completed its acquisition of Comverse Technology, Inc. ("CTI") in a merger transaction whereby CTI was merged with and into a wholly-owned subsidiary of Verint (the "Merger"). CTI shares ceased trading this same day. The Merger was consummated pursuant to an Agreement and Plan of Merger (the "Merger Agreement") dated August 12, 2012. Under the Merger Agreement, CTI shareholders will receive 0.1298 shares of Verint common stock for each share of CTI common stock held by them. CTI shareholders who hold their shares in "street name" through a bank or broker should automatically receive Verint shares in exchange for their CTI shares and should contact their bank or broker with any questions. CTI shareholders who are registered holders will receive instructions from American Stock Transfer & Trust Company, the exchange agent for the transaction, on how to exchange their CTI shares for Verint shares

Cisco Systems, Inc. Equipment & Office Supplies | San Jose, CA

At Cisco (NASDAQ: CSCO) customers come first and an integral part of our DNA is creating long-lasting customer partnerships and working with them to identify their needs and provide solutions that support their success. The concept of solutions being driven to address specific customer challenges has been with Cisco since its inception. Husband and wife Len Bosack and Sandy Lerner, both working for Stanford University, wanted to email each other from their respective offices located in different buildings but were unable to due to technological shortcomings. A technology had to be invented to deal with disparate local area protocols; and as a result of solving their challenge - the multi-protocol router was born. Since then Cisco has shaped the future of the Internet by creating unprecedented value and opportunity for our customers, employees, investors and ecosystem partners and has become the worldwide leader in networking - transforming how people connect, communicate and collaborate. Please view Cisco's Corporate Overview Presentation for more information. Quick Facts Founded in 1984 NASDAQ: CSCO Q4 FY'12 Revenue: $11.7 billion Q4 FY'12 Employee Count: 66,639

Telefonaktiebolaget LM Ericsson Internet Software & Services | Kista, Sweden

Telefonaktiebolaget LM Ericsson engages in the provision of telecommunications equipment and related services to mobile and fixed network operators. It operates through the following segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment supports all radio-access technologies and offer hardware, software and related services for both radio access and transport. The Digital Services segment provides software and services in the areas of digital business support systems, operational support systems, cloud communication, cloud core, and cloud infrastructure. The Managed Services segment includes networks and information technology managed services, network design and optimization, and application development and maintenance. The Emerging Business and Other segment encompasses emerging business, Iconectiv, Red Bee Media, and Media Solutions. The company was founded by Lars Magnus Ericsson in 1876 and is headquartered in Kista, Sweden.

Competitors
Sistema PJSFC Wireless Telecommunications - Moscow, MC

Sistema JSFC is the largest publicly-traded diversified holding company in Russia and the CIS. Incorporated in 1993, Sistema is now one of Russia's top-10 companies by revenues and is one of the largest publicly-traded diversified holding company in the world. Sistema was ranked number 315 in the Fortune Global 500 list. Sistema's global depository receipts are listed under the symbol "SSA" on the London Stock Exchange (1 GDR is 20 ordinary shares) and the Company's ordinary shares are listed under the symbol "AFKS" on the MICEX-RTS Stock Exchange. The Group owns a diverse set of public and private companies, which it holds in 8 distinct portfolios depending on origination and experience of its portfolio managers.

Bharti Airtel Ltd. Wireless Telecommunications - New Delhi, India

Bharti Airtel Limited is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 5 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G, 3G and 4G services, fixed line, high speed broadband through DSL, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G mobile services. Bharti Airtel had over 246 million customers across its operations at the end of February 2012.

Russian Railways OJSC Railroads - Moscow, Russian Federation

Russian Railways OJSC provides rail transportation services. It offers freight and passenger transportation, infrastructure and locomotive propulsion services, rolling stock maintenance, and customer service. The company was founded on September 18, 2003 and is headquartered in Moscow, Russia.

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