Ukrainian Court Unfreezes VEON Corporate Rights

VEON has successfully had its corporate rights in Kyivstar unfrozen by the Shevchenkivskyi District Court of Kyiv, allowing it to regain 47.85% of its rights in the mobile operator and 100% in its other Ukrainian subsidiaries. This ruling, which ends a year-long legal battle stemming from sanctions against Russian figures linked to VEON, signals Ukraine's commitment to creating a business-friendly environment. VEON's CEO Kaan Terzioglu emphasized that this decision encourages international investment in Ukraine and allows the company to focus on expanding digital services and energy resilience. The ruling follows previous similar decisions regarding other telecom entities in Ukraine, further stabilizing the sector. VEON is now consolidating trading on Nasdaq and aims to deepen its involvement in Ukraine's recovery efforts. The company anticipates that this unfreezing will enhance confidence among investors and bolster future collaborations.