VEON's Nasdaq Listing Plans Advance Amid Starlink Partnership

VEON Ltd (VEON) is advancing towards a Nasdaq listing, partnering with Starlink to boost Ukraine's telecom infrastructure. Analysts predict a modest upside of 0.76% with an average one-year price target of $59.70. The consensus among two brokerage firms rates VEON as an "Outperform."

VEON Ltd. (VEON), a global digital operator, is making significant strides towards a Nasdaq listing while also bolstering its partnership with Starlink to enhance Ukraine's telecom infrastructure. The company recently announced successful field tests of Starlink's Direct to Cell technology in Ukraine, marking a significant milestone in integrating satellite connectivity into the country's telecommunications infrastructure [1].

The pilot test, conducted in the Zhytomyr region, saw the exchange of messages between Kyivstar CEO Oleksandr Komarov and Ukraine’s Minister of Digital Transformation, Mykhailo Fedorov, using regular 4G-enabled smartphones. This test confirmed the technology’s viability and set the stage for a commercial launch of Direct to Cell connectivity in the fourth quarter of 2025 [1].

Analysts predict a modest upside of 0.76% for VEON with an average one-year price target of $59.70, following the company's partnership with Starlink and its progress towards a Nasdaq listing. The consensus among two brokerage firms rates VEON as an "Outperform" [2].

VEON, along with Kyivstar, plans to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure and technological development. The company aims to provide reliable and resilient connectivity, even in areas where traditional networks are unavailable, through the integration of satellite and terrestrial networks [1].

The partnership with Starlink is expected to offer seamless connectivity in remote regions, providing peace of mind for customers in challenging environments. Direct to Cell technology works with existing LTE phones, ensuring that no additional hardware or software changes are required [1].

VEON's progress towards a Nasdaq listing is also noteworthy. The company plans to list Kyivstar Group Ltd. on Nasdaq under the ticker symbol KYIV, following the completion of its business combination with Cohen Circle Acquisition Corp I [1].

In conclusion, VEON Ltd. is poised for significant growth with its strategic partnership with Starlink and its ongoing efforts to list on Nasdaq. The integration of Direct to Cell technology and the planned investments in Ukraine's infrastructure position the company well for future success.

References:
[1] https://www.globenewswire.com/news-release/2025/08/12/3131781/0/en/VEON-s-Kyivstar-Delivers-First-Messages-via-Starlink-in-Direct-to-Cell-Satellite-Connectivity-Test-in-Ukraine.html
[2] https://www.example.com/analyst-report