Veon lifts 2026 revenue outlook as softer dollar boosts results
Dubai-based telecoms group Veon on Wednesday raised its full-year revenue growth forecast after a weaker U.S. dollar helped lift first-quarter revenue 17%.
First-quarter revenue rose to $1.1 billion, while earnings before interest, taxes, depreciation and amortisation increased 17.7% to $517 million. Veon raised its 2026 revenue growth outlook to 11%-14% in U.S. dollar terms from 9%-12%.
“I truly believe that the macroeconomic decisions of the Trump administration in the U.S. would help us in terms of the dollar getting looser, because clearly they have an appetite for exports,” Chief Executive Kaan Terzioglu told Reuters.
