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Veon Q1 profit boosted by Ericsson settlement, organic revenue up 7.4%

2019-05-02 09:00:00| Telecompaper Headlines

(Telecompaper) Veon reported strong underlying results in the first quarter, ahead of its full-year outlook, with organic revenues up 7.4 percent and adjusted EBITDA up 37 percent. The company said it saw a strong performance in its largest markets Pakistan, Ukraine, Bangladesh and Russia, and also benefited from cost-cutting efforts and the USD 350 million settlement with Ericsson. 

Tags: up profit revenue organic

Category:Telecommunications

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