May 15 (Reuters) - VEON , the
parent company of Ukraine's Kyivstar and Pakistan's Jazz,
reported a 9% rise in quarterly revenue to $1 billion, as more
consumers picked up its digital services despite the conflicts
in Ukraine and Pakistan.
Kyivstar and Jazz are the largest mobile operators in
Ukraine and Pakistan, respectively.
VEON reported an earnings before interest, taxes,
depreciation, and amortization growth of 13.7% to $439 million
and confirmed its outlook for 2025.
The company is shifting to a "digital operator" strategy,
offering financial, healthcare and entertainment services in
addition to mobile connectivity.
"We believe that the future of our industry will move in
this direction. It's not anymore about selling number of minutes
or number of gigabytes," CEO Kaan Terzioglu said.
VEON's various entertainment, financial services and
superapps - digital platforms offering a wide range of daily
life services like China's WeChat - have grown 20%, 33% and 22%,
respectively, from last year.
"We have quite big technology companies... With these
technology companies, actually, we do have capabilities to
develop our own applications, which are actually visible in the
fields of entertainment, financial services, education and
healthcare, and also our AI tools", Terzioglu said.
In Ukraine, VEON's business saw a 20% year-on-year growth,
with digital services driving the momentum. Kyivstar TV revenue
surged 177%, while its recent acquisition of ride-hailing
service Uklon further boosted digital revenues.
Kyivstar's healthcare platform, Helsi, which provides online
consultations, also grew, with 2.6 million consultations per
month.
In Pakistan, VEON's digital revenues continued to drive
growth, with a more than 20% increase in revenue.
Terzioglu said the escalation in conflict in Kashmir has
been worrying, but expressed positivity about the situation
settling down.
(Reporting by Leo Marchandon; Editing by Mrigank Dhaniwala)