VEON - M&A Summary and Business Overview

CommunicationsCompany

VEON M&A Summary

VEON has acquired 6 companies, including 2 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2021, when it sold National Tower to Service-Telecom for $970M. VEON has acquired in 3 countries. The Company’s most targeted sectors include communications (50%) and information technology (25%).

VEON Business Overview

Where is VEON headquartered?

VEON is headquartered in Amsterdam, Netherlands.

What is VEON’s revenue?

VEON disclosed revenue of 3,698M USD for 2023 and 3,755M USD for 2022.

How many employees does VEON have?

VEON has 16,422 employees.

What sector is VEON in?

VEON is a communications company.

When was VEON founded?

VEON was founded in 1992.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4

VEON

VEON Ltd.

Claude Debussylaan 88,
Amsterdam, 1082 MD
Netherlands,
+31 20 797 7200
www.veon.com

VEON is a provider of telecommunication services. VEON provides more than 200 million customers with voice, fixed broadband, data, and digital services. VEON was founed in 1992 and is based in Amsterdam, Netherlands.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 2 - 2 - - - 4
Sell (0.2/yr) # - - 1 - - - 1
vol $970M $970M
  5

Most Recent M&A

Company Date Value Type
IBS DataFort 2021-12-17 - Add-on Acquisition
Moscow, Russia · www.datafort.ru
National Tower Co. 2021-09-06 970M USD Divestiture
, Russia
OTM LLC 2021-06-16 - Add-on Acquisition
Moscow, Russia · www.otm-r.com
Wind Telecom SpA 2011-04-15 - Add-on Acquisition
Rome, Italy
Pakistan Mobile Communications Ltd. 2010-01-01 - Add-on Acquisition
Islamabad, Pakistan · www.jazz.com.pk
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 2 (50%) - 1 (100%) 970M (100%)
Information Technology 1 (25%) - - -
Internet Software and Services 1 (25%) - - -
Total 4 - 1 $970M

By Geo

State/Country Buy Value Sell Value
Russia 2 - 1 970M
Italy 1 - - -
Pakistan 1 - - -
Domestic - - - -
Cross-border 4 (100%) - 1 (100%) 970M (100%)
Total 4 - 1 $970M

Deal Values

sell # Total
$100M to $1B 1 $970M
TOTAL $970M
Largest National Tower Co.
$970M (2021-09-06)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
1 (100%)

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