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VEON Stock Surges on Starlink Deal
VEON (VEON) recovered from a 99% loss in 2022, gaining over 1,200% and breaking an eight‑year price ceiling, now trading above $80 with a potential 31% upside. The boost follows a deal to bring Starlink satellite‑to‑phone service to its networks in Pakistan, Bangladesh, Ukraine, Kazakhstan and Uzbekistan, covering about 151 million customers. Revenue rose 17% in Q2, average spend up 6.3%, and digital services grew 53.6%. Management raised full‑year revenue guidance to 15‑18% and announced a $100 million stock buyback. Analysts note the stock meets a 2‑to‑100 scan for small‑cap breakouts.