VEON Ltd. CEO Kaan Terzioğlu talked with Proactive's Stephen Gunnion about the company's strategic focus on frontier markets, including Ukraine, Bangladesh, Pakistan, Uzbekistan, Kyrgyzstan and Kazakhstan. VEON operates as a consumer and enterprise services company with a strong telecom foundation, leveraging its assets to offer not only communication services but also digital solutions in financial services, entertainment, healthcare, and education.
Terzioğlu highlighted VEON’s unique approach, stating, "One out of three is our communication customers... but about one-third also are digital services customers." The company is particularly active in Ukraine, where its subsidiary, Kyivstar, is the leading healthcare platform, providing over 2.6 million online consultations and supporting 80% of the population.
With plans for a SPAC transaction to list Kyivstar on Nasdaq, VEON aims to offer US investors a chance to participate in Ukraine's rebuilding and growth. The company is also continuing its asset-light strategy by selling tower assets to reduce dependence on hard currency funding and manage foreign currency risks.
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