VEON Ltd. is a leading telecom provider operating in frontier markets like Pakistan, Ukraine, and Kazakhstan, with a market cap of $3.7 billion and net debt of ~$3 billion. Despite macro challenges, VEON has shown high single-digit revenue growth and high-teens EBITDA growth. The company is differentiating itself through digital services, with digital revenues now almost 20% of total sales. Veon offers strong cash flows and high-growth potential in frontier markets. In comparison, Verizon Communications Inc. (VZ) has seen a 5.59% stock price depreciation despite investments in 5G and IoT. VEON presents a compelling, higher-risk investment opportunity in frontier telecom markets.

Read more at Yahoo Finance: VEON Ltd. (VEON): A Bull Case Theory