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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Dubai-based Veon has upgraded its revenue growth forecast for 2026 to a range of 11% to 14% in U.S. dollar terms. The upward revision follows a strong first quarter where the company reported a 17% jump in revenue, reaching $1.2 billion. This performance was primarily driven by a massive 58% surge in digital revenue, signaling a successful diversification beyond traditional voice and data services.
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Sign InThe group's performance highlights its competitive edge in emerging markets compared to regional peers such as Airtel Africa and MTN Group. By aggressively expanding its digital ecosystem, Veon is capturing higher-margin growth in fintech and entertainment. Per market data, while global telecom operators face tightening margins on traditional connectivity, Veon's "digital operator" model is successfully offsetting these industry-wide headwinds through diversified revenue streams.
Investors should monitor the sustainability of this digital momentum amid macroeconomic shifts in the group's core operating territories. While the upcoming economic calendar, including U.S. Initial Jobless Claims on May 7, 2026, focuses on broader market sentiment, local currency stability remains a key risk for Veon's dollar-denominated guidance. The focus remains on whether the group can maintain its double-digit growth trajectory through the remainder of the fiscal year.