Veon raises revenue growth forecast to 16%–18% as digital business expands
Telecoms group Veon raised its US-dollar revenue growth forecast to 16%–18% from 15%–18%, as its digital businesses grew faster than core mobile operations. Third-quarter revenue rose 17.2% year-on-year to $1.31 billion, while EBITDA increased 10.1% to $577 million. Digital revenue jumped 45.9% to $355 million, accounting for 27.2% of total revenue.