Veon decides to quit Russia while it’s ahead

Netherlands-based operator group Veon has put its Russian business up for sale.
In a short announcement the company said it is conducting a competitive sales process in relation to its Russian operations. “Veon’s management is currently exploring options in an effort to ensure that an optimal outcome is achieved for all relevant stakeholders, including Veon, its Russian operations, its shareholders, its creditors, its customers and its employees working both in and outside of Russia.