XML 179 R152.htm IDEA: XBRL DOCUMENT
v3.25.1

EVENTS AFTER THE REPORTING PERIOD - Narrative (Details) $ in Millions, ₸ in Billions |  |  |  |  |  |  | 1 Months Ended |  |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Apr. 02, 2025 shares | Mar. 31, 2025 director | Mar. 27, 2025 USD ($) | Mar. 19, 2025 USD ($) | Jan. 29, 2025 USD ($) | Jun. 29, 2023 director | Apr. 25, 2025 USD ($) | Mar. 20, 2025 USD ($) | Jan. 30, 2025 Rate | Jan. 29, 2025 KZT (₸) | Jan. 27, 2025 USD ($) | Jan. 16, 2025 director | Dec. 09, 2024 USD ($) | Jul. 31, 2024 USD ($)
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share repurchase program authorized amount |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 30.0 | $ 100.0
Number of members recommended | director |  |  |  |  |  |  | 7 |  |  |  |  |  |  |  |
Uklon | JSC “Kyivstar” | Forecast |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proportion of ownership interest in subsidiary |  |  |  |  | 97.00% |  |  |  |  |  |  |  |  |  |
Consideration received in cash |  |  |  |  | $ 155.0 |  |  |  |  |  |  |  |  |  |
Share based payment transactions | Phase 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share repurchase program authorized amount |  |  |  |  |  |  |  |  | $ 35.0 |  |  |  |  |  |
Share based payment transactions | Phase 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share repurchase program authorized amount |  |  |  |  |  |  |  |  |  |  |  | $ 30.0 |  |  |
Transfer issuer of 2027 bonds to VEON MidCo B.V. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Percentage of bond holders represented at meeting | Rate |  |  |  |  |  |  |  |  |  | 95.83% |  |  |  |  |
Appointment of Members to the Group Executive Committee |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of additional members to the Group Executive Committee | director |  |  |  |  |  |  |  |  |  |  |  |  | 2 |  |
New credit facility | KaR-Tel LLP bilateral credit facility with Forte Bank JSC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Facility amount |  |  |  |  |  | $ 43.0 |  |  |  |  | ₸ 22.5 |  |  |  |
Borrowings term |  |  |  |  |  | 5 years |  |  |  |  |  |  |  |  |
Borrowings, interest rate (in percent) |  |  |  |  |  | 4.00% |  |  |  |  | 4.00% |  |  |  |
New credit facility | VEON senior unsecured term loan from GCC banks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Facility amount |  |  |  | $ 210.0 |  |  |  |  |  |  |  |  |  |  |
Borrowings term |  |  |  | 24 months |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings net of fees paid | [1] |  |  |  |  |  |  | $ 210.0 |  |  |  |  |  |  |
New credit facility | VEON senior unsecured term loan from GCC banks | Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings, adjustment to interest rate basis |  |  |  | 4.25% |  |  |  |  |  |  |  |  |  |  |
Recommendation of board members |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of members recommended | director |  |  | 7 |  |  |  |  |  |  |  |  |  |  |  |
Number of nominees by statutory requisition of shareholders holding in excess of 5% of issued share capital | director |  |  | 5 |  |  |  |  |  |  |  |  |  |  |  |
Recommendation of board members | Veon Ltd. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issued share capital holding, percentage |  |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |
Burak Ozer, Group Chief Financial Officer (Group CFO) | Share based payment transactions | 2021 Deferred Share Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of share options granted (in shares) | shares |  | 250,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Percentage of share options vesting on first anniversary |  | 0.50 |  |  |  |  |  |  |  |  |  |  |  |  |
Percentage of share options vesting on second anniversary |  | 0.50 |  |  |  |  |  |  |  |  |  |  |  |  |
[1] | * Fees paid in 2024 for borrowings were US$9 (2023: US$18, 2022: US$11).

X
- Definition The adjustment to the basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_7&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_BorrowingsAdjustmentToInterestRateBasis
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The interest rate on borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_7&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_BorrowingsInterestRate
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The amount of consideration paid or received in respect of both obtaining and losing control of subsidiaries or other businesses. [Refer: Total for all subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2024-01-01 -Paragraph 40 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_40_a&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_ConsiderationPaidReceived
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of share options granted in a share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 45 -Subparagraph b -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_45_b_ii&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | duration

X
- Definition The cash inflow from borrowings obtained. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2024-01-01 -Paragraph 17 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_17_c&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Total for all subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2024-01-01 -Paragraph 17 -Subparagraph b -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2024-en-r&anchor=para_17_b_iii&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2024-01-01 -Paragraph 16 -Subparagraph b -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2024-en-r&anchor=para_16_b_iii&doctype=Standard -URIDate 2024-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2024-01-01 -Paragraph 19B -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2024-en-r&anchor=para_19B_c&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_ProportionOfOwnershipInterestInSubsidiary
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount authorized for purchase of share under share repurchase plan. Includes, but is not limited to, repurchase of stock and unit of ownership. + References No definition available. + Details
Name: | srt_StockRepurchaseProgramAuthorizedAmount1
Namespace Prefix: | srt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Borrowings Maturity, Term + References No definition available. + Details
Name: | vip_BorrowingsMaturityTerm
Namespace Prefix: | vip_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Issued Share Capital, Percentage Held + References No definition available. + Details
Name: | vip_IssuedShareCapitalPercentageHeld
Namespace Prefix: | vip_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Maximum Borrowing Capacity1 + References No definition available. + Details
Name: | vip_LineOfCreditFacilityMaximumBorrowingCapacity1
Namespace Prefix: | vip_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Number of Additional Members to the Group Executive Committee + References No definition available. + Details
Name: | vip_NumberOfAdditionalMembersToTheGroupExecutiveCommittee
Namespace Prefix: | vip_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number Of Members Recommended For The Company 's Board of Directors + References No definition available. + Details
Name: | vip_NumberOfMembersRecommendedForTheCompanySBoardOfDirectors
Namespace Prefix: | vip_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number Of Nominees By Statutory Requisition of Shareholders Holding in Excess of 5% of Issued Share Capital + References No definition available. + Details
Name: | vip_NumberOfNomineesByStatutoryRequisitionOfShareholdersHoldingInExcessOf5OfIssuedShareCapital
Namespace Prefix: | vip_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of Bond Holders Represented at Meeting + References No definition available. + Details
Name: | vip_PercentageOfBondHoldersRepresentedAtMeeting
Namespace Prefix: | vip_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage of Share Options Vesting on First Anniversary + References No definition available. + Details
Name: | vip_PercentageOfShareOptionsVestingOnFirstAnniversary
Namespace Prefix: | vip_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage of Share Options Vesting on Second Anniversary + References No definition available. + Details
Name: | vip_PercentageOfShareOptionsVestingOnSecondAnniversary
Namespace Prefix: | vip_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | srt_OwnershipAxis=vip_UklonMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=vip_JscKyivstarMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=srt_ScenarioForecastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ShareRepurchaseProgramAxis=vip_PhaseTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ShareRepurchaseProgramAxis=vip_PhaseOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=vip_TransferIssuerOf2027BondsToVEONMidCoB.V.Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=vip_AppointmentOfMembersToTheGroupExecutiveCommitteeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=vip_NewCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=vip_KaRTelLLPBilateralCreditFacilityWithForteBankJSCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=vip_VEONSeniorUnsecuredTermLoanFromGulfCooperationCouncilBanksMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfInterestRatesAxis=vip_SecuredOvernightFinancingRateSOFRMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=vip_RecommendationOfBoardMembersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_OwnershipAxis=vip_VeonLtd.Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CategoriesOfRelatedPartiesAxis=vip_BurakOzerGroupChiefFinancialOfficerGroupCFOMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=vip_A2021DeferredSharePlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |