VEON Hosts Strategic Dialogue at the YES Forum
VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a leading global digital operator known for its converged connectivity and online services, recently took an active role in a significant meeting focused on Ukraine's future and its place in Europe. This event, the Yalta European Strategy (YES) Annual Meeting, centered its discussions on Ukraine's ambitions and potential within the European context.
Notable Attendees
The VEON delegation featured a distinguished group of influential figures, including Augie Fabela, the Board Chairman and Founder of VEON, and Mike Pompeo, a board member at VEON and Kyivstar. They were joined by Kyivstar's CEO Oleksandr Komarov and Marine Babayan, the Group Director of Corporate Affairs, all emphasizing the company’s commitment to investing in Ukraine.
Global Perspectives at Play
During the meeting, Secretary Pompeo took part in an engaging panel discussion led by former Polish President Aleksander Kwasniewski. The topic was “Ukraine’s Role in Creating a Safe World” and included prominent leaders such as Andrii Yermak, head of the Office of the President of Ukraine; Boris Johnson, former UK Prime Minister; and Kajsa Ollongren, ex-Minister of Defence from The Netherlands.
Looking Ahead: US-Ukraine Relations
In a separate session titled “A Conversation with Mike Pompeo: Future of the US-Ukraine relationship”, which was moderated by CNN's Fareed Zakaria, Pompeo shared valuable insights. This discussion underscored the vital importance of ongoing Western support for Ukraine's progress, highlighting the need for collaboration across various sectors.
Investment Commitment to Ukraine
A key message from the VEON delegation was the critical need for private sector involvement in rebuilding Ukraine. Earlier this year, VEON pledged to invest USD 1 billion from 2023 to 2027 to enhance the nation's telecommunications and digital infrastructure. This promise was made at the Ukraine Recovery Conference in Berlin, showcasing VEON's proactive stance in challenging times.
The Essential Role of the Private Sector in Recovery
Augie Fabela reinforced this message by stating, “We want VEON's USD 1 billion investment in Ukraine to serve as an example for other foreign investors. The private sector is crucial for shaping Ukraine’s recovery, and we are fully dedicated to building a stronger, more resilient economy.” He further emphasized the importance of maintaining connectivity and delivering digital solutions to those in Ukraine, especially during such difficult periods.
VEON's Impact on Ukrainian Telecommunications
As the parent company of Kyivstar, which is the largest telecommunications operator in Ukraine, VEON plays an essential role in providing networks and services to millions of customers. With around 23.4 million mobile subscribers and over 1.1 million fixed-line users, Kyivstar has worked tirelessly to keep people in Ukraine connected throughout various challenges, including the ongoing conflict.
Fostering Ideas at the Forum
The YES Forum has long served as a vital platform for discussion, promoting innovative ideas and conversations for Ukraine's progress. For more than twenty years, it has brought together key figures from various sectors, including heads of state and influential thinkers from Ukraine and around the world, to exchange views on transformative ideas for the country's future.
About VEON
VEON operates in six countries and connects with nearly 160 million customers, offering digital services that aim to improve lives and boost economic development. With its headquarters in Amsterdam and listings on both Nasdaq and Euronext, VEON is committed to its mission of facilitating connectivity through technology-driven solutions. This commitment not only empowers individuals but also contributes to broader economic stability and growth.
Frequently Asked Questions
What is VEON's recent investment commitment in Ukraine?
VEON has pledged to invest USD 1 billion in Ukraine's telecommunications and digital infrastructure over a five-year period from 2023 to 2027.
Who were the key participants in the VEON delegation?
The VEON delegation included Augie Fabela, Mike Pompeo, Oleksandr Komarov, and Marine Babayan, who engaged with leaders and discussed Ukraine's future.
What role does VEON play in Ukraine's telecommunications sector?
VEON, through its subsidiary Kyivstar, is the largest telecommunications operator in Ukraine, serving millions of customers and maintaining essential services during difficult times.
What is the YES Forum?
The YES Forum is an annual event that fosters discussions about Ukraine's development by bringing together leaders from various sectors, including politics and business.
Where is VEON headquartered?
VEON is headquartered in Amsterdam, Netherlands, and operates in multiple countries around the world, enhancing connectivity for millions.
