Mobile operator Veon to sell Russian assets worth around $2 billion

Mobile operator Veon to sell Russian assets worth around $2 billion

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 24 (Reuters) – Amsterdam-listed mobile operator Veon (VON.AS) said on Thursday it would sell its Russian business, Vimpelcom, to senior members of its management team, led by CEO Aleksander Torbakhov, to 130 billion rubles ($2.15 billion). … Read more

Buffett’s Berkshire loses money as stocks and Hurricane Ian offset the growing demand

Buffett's Berkshire loses money as stocks and Hurricane Ian offset the growing demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) posted a $ 2.69 billion loss in the third quarter on Saturday as rising inflation, falling equity investments and a large loss caused by Hurricane Ian offset the improvement in many of the conglomerate’s activities. However, operating profit increased by 20%, exceeding analysts’ forecasts. Berkshire … Read more

Revenue from mobile phone provider Veon increased 3.6% in the third quarter

Revenue from mobile phone provider Veon increased 3.6% in the third quarter

Nov 3 (Reuters) – Amsterdam-listed telecom operator Veon (VON.AS) posted a 3.6% year-on-year increase in third-quarter revenue on Thursday as its 4G penetration and strategy digital operator continued to generate growth despite geopolitical challenges. Veon, which on Wednesday said it wanted to sell its Russian assets, posted revenues of $ 2.08 billion in the three … Read more