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Veon gives no 2022 outlook as it monitors impact from Russia-Ukraine conflict

Veon gives no 2022 outlook as it monitors impact from Russia-Ukraine conflict

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by February 28, 2022 General
Published by
Reuters UK

(Reuters) – Amsterdam-listed Veon Ltd. is not providing any financial guidance for 2022, the telecoms firm said on Monday, saying the Russian invasion of Ukraine may have adverse effects on its business. Russia and Ukraine, where it operates the Beeline and Kyivstar mobile networks respectively, are Veon’s two biggest markets, followed by Pakistan and Kazakhstan. Last week, Russia invaded Ukraine, the biggest attack on a European state since World War Two, prompting a response from other European countries and their allies in form of severe financial and operational sanctions. “The current geo…

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