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Learn Why The Bull Case For VEON (VEON) Could Change Following Mukto Pay Launch

Simply Wall St · 2d ago
  • VEON agreed to acquire a 33.75% stake and control rights in JungoTV Holdco and also launched the Mukto Pay digital payments platform in Bangladesh through Banglalink after receiving a Payment Service Provider licence.
  • The combination of JungoTV content distribution with VEON's telecom footprint and the Mukto Pay rollout in Bangladesh indicates a broader push to deepen digital engagement across entertainment and financial services in several core markets.
  • We will now look at how VEON's investment narrative could evolve as Mukto Pay develops its role in the Bangladesh digital economy.

Compare VEON's push into digital entertainment and payments with other telecoms-backed platforms by scanning our hand picked 18 cryptocurrency and blockchain stocks that are reshaping how users transact and consume content.

What Is VEON's Investment Narrative?

To own VEON, you need to believe the telecom base in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan can support a wider digital ecosystem that includes content, payments, and everyday apps. JungoTV and Mukto Pay fit directly into that story, but the near term share price still tends to react more to execution on core mobile economics, capital spending discipline, and how clean reported earnings look after the recent one off items that dragged profit margins to 1.2% from 23.7%.

The new entertainment and payments pushes could become useful demand and pricing levers if they drive higher usage and better customer stickiness, although they also require upfront investment at a time when interest costs are not well covered by earnings and the P/E of 87.9x already bakes in a lot of expectations. Short term, the bigger swing factors likely remain cash generation, debt service, and whether earnings start to line up with forecasts of 30.5% annual profit growth.

That said, anyone looking at VEON today still has to weigh one awkward pressure point that sits behind all of this optimism and …

There's only one way to know the right time to buy, sell or hold VEON. Head to Simply Wall St's company report for the latest analysis of VEON's Fair Value.

NasdaqGS:VEON 1-Year Stock Price Chart
NasdaqGS:VEON 1-Year Stock Price Chart

Exploring Other Perspectives

For VEON, the big swing factor in the alternate, more optimistic view is digital banking scale. The most bullish analysts were modeling revenue of about US$6.7b and earnings near US$907.8m by 2029 before this Mukto Pay news. If you read that and think it feels punchy, you are not alone. It is exactly why comparing different analyst viewpoints can be useful.

Explore 4 other VEON fair value estimates, including one that suggests up to 819% upside from the current price!

Reach Your Own Conclusion

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Looking For More Investment Ideas Beyond VEON?

If VEON has put the broader telecom and digital services space on your radar, it can be useful to widen the search and compare it with other businesses that fit different risk, income, or quality profiles. The Simply Wall St Screener gives you a fast way to surface stocks that match the kind of portfolio you want to build next.