Jan. 13 at 3:19 PM
$VEON VEON (VEON Ltd.) is seeing significant upward momentum this morning, primarily driven by a combination of a major technological milestone in Ukraine and ongoing institutional confidence.
1. Launch of 5G Pilot in Ukraine
The biggest catalyst is the announcement from yesterday (Jan 12) that Kyivstar, VEON’s leading subsidiary in Ukraine, has officially launched its first 5G test zone in the city of Lviv.
* Significance: This is a major signal of infrastructure resilience.
2. New Institutional Investment
Market reports this morning indicate that RWC Asset Management LLP has taken a new position in the company valued at approximately
$2.05 million. When large asset managers open new positions, it often acts as a “seal of approval”.
3. Share Buyback Momentum
Investors are still reacting positively to the execution of VEON’s
$100 million share buyback program.
4. Technical "Breakout"
Technically, the stock recently crossed above its 200-day moving average (
$51.30).
