What's Happening?
Telecoms group Veon has increased its profit outlook for 2025, citing strong growth in its digital services sector. The company now anticipates its adjusted earnings before interest, taxes, depreciation,
and amortization (EBITDA) to grow by 16% to 18%, up from the previous forecast of 14% to 16%. This revision follows a similar adjustment made during the second quarter, highlighting the company's confidence in its digital services strategy.
Why It's Important?
Veon's revised profit outlook underscores the growing importance of digital services in the telecom industry. As digital transformation accelerates, companies like Veon are capitalizing on increased demand for digital solutions, which can lead to higher revenues and profitability. This trend is significant for investors and stakeholders in the telecom sector, as it indicates potential growth opportunities and competitive advantages for companies that successfully expand their digital offerings.
What's Next?
Veon is likely to continue investing in its digital services to sustain growth and meet its revised profit targets. The company may also explore strategic partnerships or acquisitions to enhance its digital capabilities. Investors and analysts will be monitoring Veon's performance closely to assess the impact of its digital strategy on overall financial results.
