VEON's IFRS net profit for 9 months of 2023 amounted to $1.099 bln, compared to a loss of $0.378 bln in the previous year. Revenue decreased by 2.5% to $2.745 bln vs. $2.816 bln a year earlier.

Veon has completed the sale of Vimpelcom to Russian management. Deal does not provide for buy-back arrangements and means a complete withdrawal from the Russian market, Veon said.

Veon and Vimpelcom's top management have amended the terms of the deal to sell Vimpelcom to the company's top management. Deal will be paid for by transferring Veon bonds bought by Vimpelcom from Russian investors to a subsidiary of the Dutch holding company. Veon expects to complete all formalities necessary to close the deal by October 13.

VEON's EBITDA for 6 months of 2023 was $800 million, down 12.1% from $910 million in the prior year, with revenue down 6.5% to $1.8 billion from $1.925 billion a year earlier.