Veon Launches Uklon Store to Enter In-App Commerce
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2026
0mins
Veon announced that Uklon, the ride-hailing service used by millions of Ukrainians every day, has opened Uklon Store, the company's first step beyond mobility, travel and logistics into in-app commerce. Uklon Store is a new way to buy goods and have them delivered from right inside the Uklon app. The first items customers can order are flowers, available now in Kyiv.
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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: 51.470
Low
75.00
Averages
87.50
High
100.00
Current: 51.470
Low
75.00
Averages
87.50
High
100.00
About VEON
VEON Ltd is a United Arab Emirates-based digital telecommunications operator providing connectivity and internet services to both individual and corporate customers across multiple markets. The Company delivers a comprehensive range of mobile and fixed‑line telecommunications services, leveraging traditional networks as well as broadband mobile technologies, and supports both prepaid and postpaid plans for consumer and enterprise segments. The Company’s mobile offerings include domestic and international roaming, value‑added services, wireless broadband, mobile financial services, and digital applications. Its fixed‑line services encompass voice and data communications, internet connectivity, data transmission, network access, domestic and international voice termination, and international transit services. In addition, the Company is engaged in the sale of telecommunications equipment, infrastructure, and related accessories.
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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- Enhancing Market Resilience: VEON CEO Kaan Terzioglu stated that allowing people to invest in companies they know will turn capital markets into engines of national resilience, and this cooperation aims to connect Ukrainian investors with local success stories through transparent market mechanisms.
- Compliance Commitment: The partnership will focus on jointly assessing the regulatory, legal, and organizational requirements needed to advance this initiative, ensuring full compliance with Ukrainian legislation and U.S. federal securities laws, thereby creating a secure and transparent investment environment for Ukrainian investors.
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- Investment Channel Expansion: Under the MoU framework, both parties will assess mechanisms for making Kyivstar's existing Nasdaq-listed shares accessible to Ukrainian investors through brokerage channels, allowing citizens to invest in familiar local companies and enhancing their investment engagement.
- Transparent Mechanism Construction: The CEO of Kyivstar stated that the memorandum represents an important milestone in creating transparent, market-based investment mechanisms, aiming to provide more opportunities for Ukrainian citizens to participate in the success of local companies, thereby promoting market transparency and security.
- Compliance Assessment: The partnership will focus on jointly assessing the regulatory, legal, and organizational requirements necessary to advance this initiative in full compliance with Ukrainian legislation and U.S. federal securities laws, further promoting the internationalization of Ukraine's capital markets.
See More
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- Data Center Leasing Agreement: Under the first MoU, Beeline will become a major tenant of DataVolt's TAS-1 data center in Tashkent, securing substantial capacity within one of the country's most advanced facilities, thereby supporting the continued expansion of its digital services portfolio.
- Potential Project Evaluation: The second non-binding MoU establishes a framework for evaluating the joint development and operation of a potential data center in Bukhara, reflecting a shared ambition to expand digital infrastructure capacity across Uzbekistan.
- Strategic Alignment: These agreements align with the Uzbek government's Digital Uzbekistan 2030 Strategy, addressing the rapidly growing demand for cloud computing, artificial intelligence, and digital services across Central Asia, further positioning Uzbekistan as a leading digital hub in the region.
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