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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. 

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Category:Telecommunications

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