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INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2025
Disclosure of detailed information about intangible assets [abstract] |
Schedule of total gross carrying value and accumulated amortization of intangible assets | The following table summarizes the movement in the net book value of intangible assets for the years ended December 31:
Net book value | Telecommuni-cation licenses, frequencies & permissions | Software | Brands and trademarks | Customer relationships | Other intangible assets | Goodwill | Total
As of January 1, 2024 | 1,026 |  | 193 |  | 4 |  | 42 |  | 5 |  | 349 |  | 1,619 |
Additions | 35 |  | 52 |  | — |  | 2 |  | 81 |  | — |  | 170 |
Disposals | — |  | (4) |  | — |  | — |  | (1) |  | — |  | (5) |
Amortization charge for the year | (125) |  | (63) |  | (2) |  | (6) |  | (3) |  | — |  | (199) |
Divestment and reclassification as held for sale | (4) |  | (8) |  | — |  | — |  | — |  | — |  | (12) |
Transfer and reclassification | — |  | 58 |  | — |  | — |  | (60) |  | 6 |  | 4 |
Translation adjustment | (29) |  | (18) |  | (1) |  | (2) |  | — |  | (17) |  | (67) |
As of December 31, 2024 | 903 |  | 210 |  | 1 |  | 36 |  | 22 |  | 338 |  | 1,510 |
Acquisitions | — |  | 8 |  | 18 |  | 32 |  | — |  | 116 |  | 174 |
Additions | 1 |  | 125 |  | — |  | — |  | 23 |  | — |  | 149 |
Disposals | — |  | (1) |  | — |  | — |  | — |  | — |  | (1) |
Amortization charge for the year | (132) |  | (79) |  | (2) |  | (6) |  | (5) |  | — |  | (224) |
Divestment and reclassification as held for sale * | — |  | — |  | — |  | — |  | — |  | (58) |  | (58) |
Transfer and reclassification | (2) |  | 22 |  | 1 |  | — |  | (17) |  | — |  | 4 |
Translation adjustment | (9) |  | 1 |  | — |  | (1) |  | 1 |  | 3 |  | (5) |
As of December 31, 2025 | 761 |  | 286 |  | 18 |  | 61 |  | 24 |  | 399 |  | 1,549 |
Cost | 1,851 |  | 783 |  | 174 |  | 279 |  | 41 |  | 1,122 |  | 4,250 |
Accumulated amortization and impairment | (1,090) |  | (497) |  | (156) |  | (218) |  | (17) |  | (723) |  | (2,701) |
* This relates to the sale of Deodar as explained in Note 11—Significant transactions.
Schedule of changes in goodwill per cash-generating unit | During the year, the movement in goodwill for the Group, per CGU, consisted of the following:
CGU* | December 31, 2025 | Translation and other adjustment | Acquisitions *** | Divestments *** | December 31, 2024
Pakistan | 123 |  | (2) |  | — |  | (58) |  | 183 |
Kazakhstan | 117 |  | 5 |  | — |  | — |  | 112 |
Ukraine | 19 |  | (2) |  | 7 |  | — |  | 14 |
Uzbekistan | 31 |  | 2 |  | — |  | — |  | 29 |
Uklon ** | 109 |  | — |  | 109 |  | — |  | — |
Total | 399 |  | 3 |  | 116 |  | (58) |  | 338 |
* There is no goodwill allocated to the Bangladesh CGU. ** Uklon, acquired in Q2 2025 has been identified as a separate CGU within the Ukraine operating segment. *** For acquisitions and divestments, refer to Note 11—Significant transactions for further details.
CGU* | December 31, 2024 | Translation adjustment | Transfer and reclassification | December 31, 2023
Pakistan | 183 |  | 4 |  | — |  | 179 |
Kazakhstan | 112 |  | (17) |  | — |  | 129 |
Ukraine | 14 |  | (2) |  | 6 |  | 10 |
Uzbekistan | 29 |  | (2) |  | — |  | 31 |
Total | 338 |  | (17) |  | 6 |  | 349 |
* There is no goodwill allocated to the Bangladesh or Kyrgyzstan CGUs.
Schedule of capital commitments for the future purchase of intangible assets | Capital commitments for the future purchase of equipment are as follows as of December 31:
|  | 2025 | 2024
Less than 1 year |  | 106 | 178
Between 1 and 5 years |  | 24 | —
Total commitments |  | 130 | 178
Capital commitments for the future purchase of intangible assets are as follows as of December 31:
|  | 2025 | 2024
Less than 1 year |  | 19 | 15 |
Between 1 and 5 years |  | 7 | — |
Total commitments |  | 26 | 15 |
Schedule of estimated useful lives | Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. The useful life of VEON's assets generally fall within the following ranges:
Class of property and equipment | Useful life
Telecommunication equipment | 3—30 years
Buildings and constructions | 10—50 years
Office and other equipment | 2—10 years
Right-of-use assets | Equivalent lease term
The amortization period and the amortization method for intangible assets with finite useful lives are reviewed at least annually and fall within the following ranges:
Class of intangible asset | Useful life
Telecommunications licenses, frequencies and permissions | 3—20 years
Software | 3—10 years
Brands and trademarks | 3—15 years
Customer relationships | 10—21 years
Other intangible assets | 4—10 years

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