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Veon lifts revenue forecast as digital services buoy growth

By Thomson Reuters Nov 6, 2026 | 12:58 AM

Nov 6 (Reuters) – Dubai-based telecoms group Veon on ​Friday lifted ‌its revenue growth forecast to 16% to ‌18% ​in US ⁠dollar terms, ⁠from 15% to 18% previously, as its digital ​businesses grew faster than ⁠its ⁠core mobile ​operations.

Third-quarter revenue rose ​17.2% year-on-year to $1.31 billion, ‌while earnings before interests, taxes, deprecation ⁠and amortization (EBITDA) climbed 10.1% to $577 million.

Digital ⁠revenue ‌jumped 45.9% ⁠to $355 million, ​which ‌is 27.2% of ​the ⁠group total.

(Reporting by Leo Marchandon in Gdansk; Editing by Sonia ​Cheema)