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VEON Ltd.’s software subsidiary QazCode and AI firm MeetKai announced a cooperation agreement to jointly develop and train language models for AI-based digital products tailored to local languages and cultures across Kazakhstan, Uzbekistan, Ukraine, Pakistan, and Bangladesh.
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This initiative highlights VEON’s focus on advancing AI innovation for under-resourced languages, building on its previous achievements in deploying large language models specific to the region.
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We’ll look at how this partnership to develop culturally adapted AI solutions could influence VEON’s broader investment story going forward.
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For investors to back VEON, confidence in the company’s ability to expand its AI-powered digital ecosystem across high-growth emerging markets is key. The recent QazCode and MeetKai collaboration reflects VEON’s commitment to regional AI innovation, but its impact on the biggest near-term catalyst, digital services driving ARPU and revenue growth, is not likely to be material in the short run. The most pressing risk remains persistent macroeconomic and currency volatility in core markets, which can unpredictably impact reported earnings and margins. Among recent developments, VEON’s continued focus on regional AI capabilities is echoed by its involvement in the upcoming GSMA M360 Eurasia 2026 in Uzbekistan. This event further underscores VEON’s ambition to position its subsidiaries at the heart of digital transformation and policy dialogue in Central Asia, linking the news of the MeetKai partnership to ongoing efforts to secure relevance in rapidly digitalizing markets. However, investors should be aware that while progress in digitalization is promising, ongoing exposure to local currency volatility could…
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VEON’s outlook forecasts $5.1 billion in revenue and $688.2 million in earnings by 2028. This assumes a 7.0% annual revenue growth, but earnings are expected to decrease by $295.8 million from the current $984.0 million.
Uncover how VEON’s forecasts yield a $69.64 fair value, a 30% upside to its current price.
Four members of the Simply Wall St Community estimate VEON’s fair value between US$45.56 and US$501.52 per share. With digital revenues on the rise and core markets facing currency swings, opinions on future company performance are sharply divided, explore several compelling viewpoints alongside your own.