Veon Announces New Leadership Appointments, Yevgeniy Nastradin as CEO of Beeline Uzbekistan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2026
0mins
Should l Buy VEON?
Veon announcedd a series of upcoming leadership appointments. Yevgeniy Nastradin will become CEO of Beeline Uzbekistan. Most recently, he served as CEO of Beeline Kazakhstan, leading the business since 2019. Andrey Pyatakhin, who has led Beeline Uzbekistan since 4Q24, will continue to serve Beeline Uzbekistan as COO. Jabbor Kayumov will be appointed CEO of Beeline Kazakhstan. Jabbor recently rejoined Veon Group as CEO for Telco Business at Beeline Kazakhstan. Prior to joining Beeline Kazakhstan, he served as CEO of Ncell in Nepal, led Digicel's operations in the Caribbean, and acted as CEO of Beeline Tajikistan. Ahmet Kayhan will join Veon as the Chief Payments & Digital Assets Officer. He joins Veon from DgPays Group, where he most recently led global growth as the Head of International Operations, and NEOPAY, one of the UAE's payment service providers, where he served as a board member. All appointments are to be effective April 1 subject to the completion of relevant corporate and regulatory approvals.
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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: 52.120
Low
75.00
Averages
87.50
High
100.00
Current: 52.120
Low
75.00
Averages
87.50
High
100.00
About VEON
VEON Ltd is a United Arab Emirates based digital operator that provides connectivity and internet services to corporate and individual customers across multiple markets. The Company delivers both mobile and fixed line telecommunications services using traditional and broadband mobile technologies and supports prepaid and contract mobile plans for consumer and enterprise segments. The Company’s mobile offerings include national and international roaming, value added services, wireless broadband, mobile financial services, and digital applications. The Company also provides fixed line services such as voice, data, internet connectivity, data transmission, network access, domestic and international voice termination, and international transit services, along with the sale of telecom equipment, infrastructure, and accessories. The Company operates in Pakistan, Bangladesh, Uzbekistan, Kazakhstan, and Ukraine, delivering services under its brands Beeline, Kyivstar, Banglalink, and Jazz.
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.
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- Digital User Growth: In 2025, VEON's digital service users surpassed connectivity users for the first time, reaching 205.8 million, demonstrating the company's successful digital transformation and enhancing its position as a digital operator in the market.
- Strong Financial Performance: The Group's revenue increased by 9.9% year-on-year to USD 4.399 billion, while EBITDA rose by 18.8% to USD 2.009 billion, reflecting effective strategies in cost management and digital monetization, further solidifying its competitiveness in frontier markets.
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- User Coverage: With over 175 million people, Bangladesh becomes the third market for VEON's partnership with Starlink, marking a significant expansion in VEON's global digital connectivity efforts and is expected to attract a large number of new users.
- Technological Innovation: Through Starlink's satellite technology, Banglalink customers will access connectivity using standard 4G LTE smartphones, providing support for economic activities in remote areas and fostering local development.
- Strategic Significance: VEON CEO Kaan Terzioglu stated that this partnership not only responds to humanitarian needs but also drives economic growth in Bangladesh, highlighting VEON's leadership position in the global digital ecosystem.
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- Conference Call Details: On the same day, VEON will host a conference call at 4:00 GST (8:00 EST) to directly communicate with investors and analysts, aiming to enhance market confidence and engagement.
- Interactive Q&A Platform: Starting May 6, 2026, shareholders can submit and upvote questions via Say Technologies, increasing shareholder engagement and ensuring management addresses investor concerns, thereby improving corporate governance.
- Global User Base: VEON operates across five countries, connecting over 150 million users and providing digital services to more than 205 million users, showcasing its significant influence and growth potential in the global digital services market.
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- User Base Expansion: By the end of 2025, JazzWorld's digital platforms served over 82 million users, with direct digital revenues accounting for 28.7% of total revenues, and the integration of TPL Insurance is expected to enhance accessibility to financial protection for users.
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See More
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- Digital User Growth: In 2025, VEON's digital service users surpassed connectivity users for the first time, reaching 205.8 million, demonstrating the company's successful digital transformation and enhancing its position as a digital operator in the market.
- Strong Financial Performance: The Group's revenue increased by 9.9% year-on-year to USD 4.399 billion, while EBITDA rose by 18.8% to USD 2.009 billion, reflecting effective strategies in cost management and digital monetization, further solidifying its competitiveness in frontier markets.
- Advancement in ESG Strategy: VEON formally launched its first Group-wide ESG policy and three-year strategy in 2025, strengthening governance structures and integrating ESG factors into its Enterprise Risk Management framework, showcasing the company's commitment to sustainability.
- Shareholder Return Program: The VEON board authorized a share buyback program of up to USD 100 million and established a capital allocation policy targeting at least USD 100 million in annual returns to shareholders, further enhancing its focus on shareholder value and commitment.
See More
VEON Partners with Starlink for Satellite Connectivity in Bangladesh
- Market Expansion: VEON's Bangladeshi subsidiary Banglalink has signed an agreement with Starlink Mobile to integrate satellite connectivity in remote areas, with messaging services expected to launch in 2026, followed by data services, significantly enhancing user accessibility.
- User Coverage: With over 175 million people, Bangladesh becomes the third market for VEON's partnership with Starlink, marking a significant expansion in VEON's global digital connectivity efforts and is expected to attract a large number of new users.
- Technological Innovation: Through Starlink's satellite technology, Banglalink customers will access connectivity using standard 4G LTE smartphones, providing support for economic activities in remote areas and fostering local development.
- Strategic Significance: VEON CEO Kaan Terzioglu stated that this partnership not only responds to humanitarian needs but also drives economic growth in Bangladesh, highlighting VEON's leadership position in the global digital ecosystem.
See More
VEON Confirms Q1 2026 Earnings Release Date
- Earnings Release Schedule: VEON will release its financial and operating results for Q1 2026 on May 13, 2026, at 8:00 GST (0:00 EST), demonstrating the company's commitment to transparency and timely information disclosure.
- Conference Call Details: On the same day, VEON will host a conference call at 4:00 GST (8:00 EST) to directly communicate with investors and analysts, aiming to enhance market confidence and engagement.
- Interactive Q&A Platform: Starting May 6, 2026, shareholders can submit and upvote questions via Say Technologies, increasing shareholder engagement and ensuring management addresses investor concerns, thereby improving corporate governance.
- Global User Base: VEON operates across five countries, connecting over 150 million users and providing digital services to more than 205 million users, showcasing its significant influence and growth potential in the global digital services market.
See More
Latest Rating Changes on Wall Street
- ResMed Upgrade: JPMorgan upgrades ResMed to overweight, highlighting its position as a global leader in the obstructive sleep apnea market, primarily generating revenue from CPAP devices and masks, along with a portfolio of respiratory health solutions, indicating strong market competitiveness.
- Nvidia Reiteration: Evercore ISI reiterates Nvidia as outperform, noting that despite recent underperformance, its potential in AI demand and compute cycles remains robust, underscoring its significance and investment value in future markets.
- Okta Upgrade: Raymond James upgrades Okta to outperform, suggesting that the shift of AI into enterprise applications will significantly enhance Okta's market opportunities, particularly in identity security, indicating potential market expansion.
- PayPal Downgrade: Mizuho downgrades PayPal to neutral, citing competitive and fundamental pressures, reflecting market concerns about its future growth, which may impact investor confidence.
See More
VEON's Acquisition of TPL Insurance Approved, Accelerating Digital Financial Services Growth
- Acquisition Approval: The Competition Commission of Pakistan has approved VEON's subsidiary Jazz International Holding's acquisition of TPL Insurance, with the transaction expected to close in mid-2026, marking a significant advancement for VEON in the digital financial services sector.
- Market Potential: TPL Insurance, as Pakistan's leading digital insurer, reported gross written premiums of PKR 5.7 billion and over 277,000 policies issued in 2025, and the acquisition is set to further enhance JazzWorld's expansion in the digital financial services market.
- User Base Expansion: By the end of 2025, JazzWorld's digital platforms served over 82 million users, with direct digital revenues accounting for 28.7% of total revenues, and the integration of TPL Insurance is expected to enhance accessibility to financial protection for users.
- Strategic Integration: The acquisition will integrate services like JazzCash and Mobilink Bank with TPL Insurance, anticipated to significantly impact Pakistan's digital financial services ecosystem by meeting users' financial needs around the clock.
See More
First Pakistani on Global Fintech Awards Jury
- Global Jury Appointment: Murtaza Ali, CEO of JazzCash, has been appointed to the Global Jury of The Money Awards, becoming the first Pakistani in this role, which signifies Pakistan's growing recognition and influence in the global fintech innovation landscape.
- Transparent Evaluation Process: The awards utilize a multi-stage transparent evaluation process, including online assessments and in-person deliberations, ensuring fairness and authority in judging, with Murtaza's participation expected to bring international best practices back to Pakistan.
- Significant Transaction Volume: In 2025, JazzCash processed over PKR 15 trillion (approximately USD 53 billion), accounting for about 13% of Pakistan's GDP, highlighting its crucial role in formalizing the economy and supporting women-led enterprises.
- Record of International Recognition: Murtaza Ali's accolades include membership in the Forbes Finance Council and a position on the Advisory Board of the International Association of Money Transfer Networks, further solidifying his influence in the global financial sector and providing valuable insights for Pakistan's financial innovation.
See More
