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VEON Reports 4Q20 Results
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AMSTERDAM, Feb. 18, 2021 /PRNewswire/ VEON Ltd. (VEON) announces results for the fourth quarter ended 31 Dec 2020:
2020 HIGHLIGHTS:
VEON Reports 4Q20 Results
VEON s recovery continued as growth on a local currency basis returned in the fourth quarter, amidst unprecedented challenges
Group performance and cost structure were improved by streamlining HQ, empowering local operations and enhancing governance
VEON executed on a record network rollout, driving growth in 4G users of 34% YoY, (+20 million). Data revenues grew by 15.0% YoY in local currency
Portfolio optimization remained a focus, as shown by our exit from Armenia. Further opportunities to unlock value are being explored