VEON Proposed Class Action Settlement Approved
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
0mins
Should l Buy VEON?
Source: Globenewswire
- Settlement Amount Established: VEON Ltd. has proposed a $19.97 million cash settlement to resolve a class action lawsuit for shares purchased between June 30, 2011, and November 3, 2015, which, if approved, will eliminate all related claims, thereby reducing the company's legal risks and restoring investor confidence.
- Court Hearing Scheduled: A hearing is set for May 19, 2026, at 2:00 PM to evaluate the fairness and reasonableness of the proposed settlement, and if approved, it will provide legal clarity for VEON, facilitating its future business development.
- Claim Submission Requirements: Members of the settlement class must submit a claim form by April 28, 2026, to be eligible for settlement payments, emphasizing the importance of timely legal responses to ensure rights are protected.
- Exclusion Rights Explained: Settlement class members can request exclusion by April 28, 2026, and if successful, will not be bound by the settlement agreement, allowing them to participate in any future lawsuits against VEON, highlighting the complexity of legal proceedings and participants' options.
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Analyst Views on VEON
Wall Street analysts forecast VEON stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 56.040
Low
75.00
Averages
87.50
High
100.00
Current: 56.040
Low
75.00
Averages
87.50
High
100.00
About VEON
VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporates and individuals. The Company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. Mobile telecommunications services are provided under contract and prepaid plans for corporate and consumer segments, as well as value-added services. It also offers fixed-line telecommunication services, such as voice, data, and Internet services, as well as data transmission and network access, domestic and international voice termination, and international transit services for corporations, operators, and consumers. The Company also sells equipment, infrastructure, and accessories. Its services are offered in Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, and Kyrgyzstan. The Company provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
VEON Expands Partnership with MeetKai for AI Infrastructure
- Partnership Expansion: VEON and MeetKai signed a memorandum of understanding in Barcelona to explore launching sovereign, locally-deployed AI infrastructure across VEON markets, which is expected to accelerate the standardized deployment of secure compute environments that meet data residency requirements and support market-specific AI service development.
- Technology Integration: This collaboration combines VEON's regional footprint, customer access, and data center capabilities with MeetKai's sovereign AI platform and local language models, aiming to significantly reduce development and inference costs through efficient post-training and hardware-aware optimization.
- Market Impact: The parties plan to roll out this partnership across VEON's operating markets, intending to optimize unit economics, accelerate time-to-market, and support faster returns on R&D investments while expanding AI services across consumer and enterprise use cases.
- Strategic Vision: VEON's CEO Kaan Terzioğlu stated that this partnership aims to build a sovereign augmented intelligence ecosystem that delivers secure and culturally relevant AI value propositions to the communities served, thereby driving inclusive digital growth.
See More
VEON Expands Partnership with MeetKai for Sovereign AI Infrastructure
- Partnership Expansion: VEON and MeetKai signed a memorandum of understanding in Barcelona to explore launching sovereign, locally-deployed AI infrastructure across VEON markets, which is expected to accelerate the standardized deployment of secure compute environments, thereby enhancing business agility and meeting market-specific needs.
- Technology Integration: This collaboration combines VEON's regional footprint, customer access, and data center capabilities with MeetKai's sovereign AI platform and local language models, aiming to significantly reduce development and inference costs through efficient post-training and optimization, thus improving unit economics.
- Market Impact: VEON plans to roll out AI services across multiple markets, leveraging MeetKai's technological advantages to quickly deliver AI solutions aligned with local policies, which is intended to drive digital economic growth and address local needs in emerging markets.
- Strategic Vision: VEON's CEO Kaan Terzioğlu stated that this partnership will help build a scalable locally-rooted augmented intelligence ecosystem, emphasizing the company's commitment to driving inclusive digital growth and is expected to provide secure and culturally relevant AI value propositions to the communities served.
See More
VEON to Release FY25 Financial Results on March 13, 2026
- Earnings Release Schedule: VEON will announce its consolidated financial and operating results for the year ended December 31, 2025, on March 13, 2026, at 8:00 GST (0:00 EST), reflecting the company's commitment to transparency.
- Conference Call Details: A results conference call will take place on the same day at 16:00 GST (8:00 EST), where senior management will interpret the financial data and address investor inquiries, enhancing shareholder engagement.
- Live Streaming and Q&A Platform: The conference will be livestreamed on YouTube, allowing real-time participation, and VEON is partnering with Say Technologies to enable shareholders to submit and upvote questions, increasing engagement.
- Q&A Platform Availability: The Q&A platform will open on March 6, 2026, at 8:00 EST, allowing shareholders to submit questions during this period, facilitating communication between management and investors.
See More
VEON Proposed Class Action Settlement Approved
- Settlement Amount Established: VEON Ltd. has proposed a $19.97 million cash settlement to resolve a class action lawsuit for shares purchased between June 30, 2011, and November 3, 2015, which, if approved, will eliminate all related claims, thereby reducing the company's legal risks and restoring investor confidence.
- Court Hearing Scheduled: A hearing is set for May 19, 2026, at 2:00 PM to evaluate the fairness and reasonableness of the proposed settlement, and if approved, it will provide legal clarity for VEON, facilitating its future business development.
- Claim Submission Requirements: Members of the settlement class must submit a claim form by April 28, 2026, to be eligible for settlement payments, emphasizing the importance of timely legal responses to ensure rights are protected.
- Exclusion Rights Explained: Settlement class members can request exclusion by April 28, 2026, and if successful, will not be bound by the settlement agreement, allowing them to participate in any future lawsuits against VEON, highlighting the complexity of legal proceedings and participants' options.
See More
VEON Signs MoU with Hala to Expand Ride-Hailing Services
- MoU Signing: VEON has signed a Memorandum of Understanding with Hala, Dubai's leading e-hailing solution, to explore cooperation in expanding ride-hailing and mobility services across VEON's operating markets, marking a significant step in the company's digital service strategy.
- Market Potential Assessment: The MoU establishes a framework for evaluating joint market entry and expansion opportunities, with VEON planning to leverage its ride-hailing experience in Ukraine and Uzbekistan alongside Hala's operational expertise to enhance competitiveness in new markets.
- User Base Expansion: Operating in Pakistan, Ukraine, Kazakhstan, Uzbekistan, and Bangladesh, VEON serves 530 million people, approximately 6% of the world's population, and this partnership is expected to further strengthen its digital user base.
- Strategic Integration Potential: The companies will jointly assess the commercial, operational, and technological foundations for locally rooted ride-hailing platforms, exploring customer acquisition strategies and future expansion opportunities to drive integration and growth within VEON's digital ecosystem.
See More
VEON Acquires Tabletki.ua for $160 Million
- Acquisition Completed: VEON's subsidiary Kyivstar has completed the acquisition of the Ukrainian digital platform Tabletki.ua for $160 million, paid in Ukrainian hryvnia, further solidifying Kyivstar's market position in the digital healthcare sector.
- Significant Platform Impact: Tabletki.ua facilitates an average of 14 million medicine reservations per month, with a gross merchandise value of UAH 45 billion (approximately $1.06 billion) in FY2024, highlighting its critical role and user trust in accessing medications in Ukraine.
- Strong Financial Performance: As of September 30, 2025, Tabletki.ua reported LTM EBITDA of $24 million and net profit of $20 million, with the acquisition price reflecting a price to LTM earnings ratio of 8.0X, indicating sound financial rationale for the deal.
- Strategic Development Outlook: This acquisition integrates Tabletki.ua into Kyivstar's digital service portfolio, expected to accelerate the development of innovative healthcare services, enhancing accessibility for Ukrainians, aligning with VEON's long-term strategy to invest $1 billion in Ukraine.
See More
VEON Expands Partnership with MeetKai for AI Infrastructure
- Partnership Expansion: VEON and MeetKai signed a memorandum of understanding in Barcelona to explore launching sovereign, locally-deployed AI infrastructure across VEON markets, which is expected to accelerate the standardized deployment of secure compute environments that meet data residency requirements and support market-specific AI service development.
- Technology Integration: This collaboration combines VEON's regional footprint, customer access, and data center capabilities with MeetKai's sovereign AI platform and local language models, aiming to significantly reduce development and inference costs through efficient post-training and hardware-aware optimization.
- Market Impact: The parties plan to roll out this partnership across VEON's operating markets, intending to optimize unit economics, accelerate time-to-market, and support faster returns on R&D investments while expanding AI services across consumer and enterprise use cases.
- Strategic Vision: VEON's CEO Kaan Terzioğlu stated that this partnership aims to build a sovereign augmented intelligence ecosystem that delivers secure and culturally relevant AI value propositions to the communities served, thereby driving inclusive digital growth.
See More
VEON Expands Partnership with MeetKai for Sovereign AI Infrastructure
- Partnership Expansion: VEON and MeetKai signed a memorandum of understanding in Barcelona to explore launching sovereign, locally-deployed AI infrastructure across VEON markets, which is expected to accelerate the standardized deployment of secure compute environments, thereby enhancing business agility and meeting market-specific needs.
- Technology Integration: This collaboration combines VEON's regional footprint, customer access, and data center capabilities with MeetKai's sovereign AI platform and local language models, aiming to significantly reduce development and inference costs through efficient post-training and optimization, thus improving unit economics.
- Market Impact: VEON plans to roll out AI services across multiple markets, leveraging MeetKai's technological advantages to quickly deliver AI solutions aligned with local policies, which is intended to drive digital economic growth and address local needs in emerging markets.
- Strategic Vision: VEON's CEO Kaan Terzioğlu stated that this partnership will help build a scalable locally-rooted augmented intelligence ecosystem, emphasizing the company's commitment to driving inclusive digital growth and is expected to provide secure and culturally relevant AI value propositions to the communities served.
See More
VEON to Release FY25 Financial Results on March 13, 2026
- Earnings Release Schedule: VEON will announce its consolidated financial and operating results for the year ended December 31, 2025, on March 13, 2026, at 8:00 GST (0:00 EST), reflecting the company's commitment to transparency.
- Conference Call Details: A results conference call will take place on the same day at 16:00 GST (8:00 EST), where senior management will interpret the financial data and address investor inquiries, enhancing shareholder engagement.
- Live Streaming and Q&A Platform: The conference will be livestreamed on YouTube, allowing real-time participation, and VEON is partnering with Say Technologies to enable shareholders to submit and upvote questions, increasing engagement.
- Q&A Platform Availability: The Q&A platform will open on March 6, 2026, at 8:00 EST, allowing shareholders to submit questions during this period, facilitating communication between management and investors.
See More
VEON Proposed Class Action Settlement Approved
- Settlement Amount Established: VEON Ltd. has proposed a $19.97 million cash settlement to resolve a class action lawsuit for shares purchased between June 30, 2011, and November 3, 2015, which, if approved, will eliminate all related claims, thereby reducing the company's legal risks and restoring investor confidence.
- Court Hearing Scheduled: A hearing is set for May 19, 2026, at 2:00 PM to evaluate the fairness and reasonableness of the proposed settlement, and if approved, it will provide legal clarity for VEON, facilitating its future business development.
- Claim Submission Requirements: Members of the settlement class must submit a claim form by April 28, 2026, to be eligible for settlement payments, emphasizing the importance of timely legal responses to ensure rights are protected.
- Exclusion Rights Explained: Settlement class members can request exclusion by April 28, 2026, and if successful, will not be bound by the settlement agreement, allowing them to participate in any future lawsuits against VEON, highlighting the complexity of legal proceedings and participants' options.
See More
VEON Signs MoU with Hala to Expand Ride-Hailing Services
- MoU Signing: VEON has signed a Memorandum of Understanding with Hala, Dubai's leading e-hailing solution, to explore cooperation in expanding ride-hailing and mobility services across VEON's operating markets, marking a significant step in the company's digital service strategy.
- Market Potential Assessment: The MoU establishes a framework for evaluating joint market entry and expansion opportunities, with VEON planning to leverage its ride-hailing experience in Ukraine and Uzbekistan alongside Hala's operational expertise to enhance competitiveness in new markets.
- User Base Expansion: Operating in Pakistan, Ukraine, Kazakhstan, Uzbekistan, and Bangladesh, VEON serves 530 million people, approximately 6% of the world's population, and this partnership is expected to further strengthen its digital user base.
- Strategic Integration Potential: The companies will jointly assess the commercial, operational, and technological foundations for locally rooted ride-hailing platforms, exploring customer acquisition strategies and future expansion opportunities to drive integration and growth within VEON's digital ecosystem.
See More
VEON Acquires Tabletki.ua for $160 Million
- Acquisition Completed: VEON's subsidiary Kyivstar has completed the acquisition of the Ukrainian digital platform Tabletki.ua for $160 million, paid in Ukrainian hryvnia, further solidifying Kyivstar's market position in the digital healthcare sector.
- Significant Platform Impact: Tabletki.ua facilitates an average of 14 million medicine reservations per month, with a gross merchandise value of UAH 45 billion (approximately $1.06 billion) in FY2024, highlighting its critical role and user trust in accessing medications in Ukraine.
- Strong Financial Performance: As of September 30, 2025, Tabletki.ua reported LTM EBITDA of $24 million and net profit of $20 million, with the acquisition price reflecting a price to LTM earnings ratio of 8.0X, indicating sound financial rationale for the deal.
- Strategic Development Outlook: This acquisition integrates Tabletki.ua into Kyivstar's digital service portfolio, expected to accelerate the development of innovative healthcare services, enhancing accessibility for Ukrainians, aligning with VEON's long-term strategy to invest $1 billion in Ukraine.
See More
