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Veon returns to customer growth in Q3, takes Russia writedown on weak sales

2020-10-29 10:35:00| Telecompaper Headlines

(Telecompaper) Veon reported a return to customer growth in the third quarter, as coronavirus restrictions were gradually lifted in its markets. The decline in organic revenues slowed to 1.3 percent year-on-year, and the company maintained its forecast for a low to mid single-digit decline over the full year. With underlying EBITDA stable in the quarter, the margin improved to 45.1 percent from 44.4 percent a year ago. 

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