VEON Ltd
NASDAQ:VEON
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VEON's latest stock split occurred on Mar 8, 2023
The company executed a 1-for-25 stock split, meaning that for every 25 shares held, investors received 1 new share.
Before the split, VEON traded at 0.7162 per share. Afterward, the share price was about 18.09.
The adjusted shares began trading on Mar 8, 2023. This was VEON's 3rd stock split, following the previous one in Aug 22, 2007.
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VEON Ltd
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VEON Ltd. is a multinational telecommunications services company that operates in several burgeoning markets across the globe. Rooted in a dynamic industry, VEON provides essential connectivity and digital services, primarily through its extensive mobile network operations. Its main business activities include offering voice, data, and internet services through both pre-paid and post-paid subscription models. By leveraging its formidable infrastructure, VEON delivers essential communication tools in regions where such services are increasingly integral to daily life. The company's emphasis on providing seamless and affordable communication solutions has enabled it to establish a significant foothold in countries where digital adoption is rapidly advancing. Beyond conventional telecom services, VEON is evolving into more of a digital service provider. Its strategic pivot into the digital domain is marked by the development of proprietary digital platforms, offering value-added services such as mobile financial services, entertainment streaming, and big data analytics. These innovations not only diversify VEON's revenue streams but also solidify its position in the digital economy, making the company less reliant on traditional telecom revenue models. In this way, VEON not only fulfills a fundamental consumer demand for connectivity but also positions itself as a key player in the broader digital ecosystem, creating multiple avenues for growth and profitability in the ever-evolving landscape of global telecommunications.
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