VEON reports Q1 results; reaffirms FY24 outlook

  • VEON press release (NASDAQ:VEON): Q1 Revenue of $942M (+6.6% Y/Y).
  • EBITDA of $386 million represented a 0.2% Y/Y increase in reported currency terms (+5.1% Y/Y in local currency).
  • Capex in 1Q24 was $125 million, an increase of 38.6% Y/Y, and reported capex intensity for

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