VEON reported third quarter EBITDA of $524 million, up 19.7% from last year, with revenue at $1.115 billion, a 7.5% increase. The company attributes this performance to telecom and infrastructure trends and a 63.1% growth in direct digital revenues. VEON now expects EBITDA growth of 16% to 18% and revenue growth of 13% to 15% by 2025, with total revenue and EBITDA growth of 7% to 8% and 10% to 11%, respectively, assuming current FX rates. The Board approved a buyback program of up to $100 million for the company’s ADSs and/or bonds, to be conducted on the open market. Visit rttnews.com for more earnings updates.

Read more at Nasdaq: VEON Q3 EBITDA Rises; Direct Digital Revenue Up 63.1%