Home › Veon Q2 results hit by Covid-19 restrictions, hopes for gradual recovery in H2
 

Keywords :   


Veon Q2 results hit by Covid-19 restrictions, hopes for gradual recovery in H2

2020-08-06 08:37:00| Telecompaper Headlines

(Telecompaper) Veon reported second-quarter revenues down 16.3 percent year-on-year to USD 1.89 billion, hurt by store closures and reduced roaming due to Covid-19 restrictions. EBITDA was down 18.7 percent to USD 809 million. The operator said it expects a gradual recovery in sales and EBITDA in the second half of the year, assuming lockdown restrictions are slowly lifted. 

Tags: in results hit recovery

Category:Telecommunications

Latest from this category

All news
07.01Microsoft 365 Copilot Business Signals a New Phase of AI Adoption for SMBs
04.01From AI Ambition to Enterprise Reality: Your Playbook for Winning the AI Game
Telecommunications »
10.01'Unprecedented' numbers seeking debt help post-Christmas, say charities
09.01Trump's Venezuela oil meeting starts with few concrete promises
09.01EU reaches South America trade deal after 25 years of talks
09.01Mexico confirms New World screwworm in Veracruz pig
09.01U.S. red meat demand strong, despite tight supplies, trade issues
09.01U.S. red meat demand strong, despite tight supplies, trade issues
09.01Medgene adds new leadership to sales team
09.01NWRA Recognizes Outstanding Industry Leadership with 2025 Awards
More »