VEON appoints Johan Buse as CEO of Banglalink, succeeding Erik Aas, effective April 6, 2025.
Quiver AI Summary
VEON Ltd. has announced the appointment of Johan Buse as the new Chief Executive Officer of Banglalink, effective April 6, 2025. Johan joins Banglalink from StarHub in Singapore, where he led the Consumer Business Group, and has extensive experience in the telecom sector across various regions, including stints at Ooredoo Oman, Deutsche Telekom Croatia, AXIS, and Singtel. He succeeds Erik Aas, who is leaving after nine years of successful leadership during which Banglalink established itself as a major operator in Bangladesh. VEON Group CEO Kaan Terzioglu expressed confidence in Johan's ability to drive digital expansion and contribute to Bangladesh's economic growth. Johan emphasized the importance of enhancing digital services in Bangladesh and bridging the digital divide with the support of Banglalink’s team and VEON’s expertise.
Potential Positives
- Appointment of Johan Buse as CEO of Banglalink brings in extensive industry experience, enhancing leadership capabilities within the company.
- Transition from Erik Aas, who significantly contributed to Banglalink's growth, indicates a strategic move to continue accelerating digital expansion in Bangladesh.
- VEON’s commitment to bridging the digital divide in Bangladesh is reinforced by Johan Buse’s focus on customer-centric digital services and innovation.
- The press release underscores VEON's status as a Nasdaq-listed company, enhancing its credibility and visibility in the global market.
Potential Negatives
- Transition in leadership may lead to uncertainty among employees and stakeholders regarding the company's direction and stability.
- The departure of Erik Aas, who served successfully for nine years, could raise concerns about the potential impact on Banglalink's performance and strategic initiatives.
- Announcement includes forward-looking statements that highlight inherent risks and uncertainties, suggesting potential challenges ahead for VEON's growth strategy.
FAQ
Who has been appointed as the CEO of Banglalink?
Johan Buse has been appointed as the Chief Executive Officer of Banglalink, effective 6th April 2025.
What experience does Johan Buse bring to Banglalink?
Johan Buse has decades of experience in the telecom industry, including leadership roles at StarHub, Ooredoo, and Deutsche Telekom.
Who did Johan Buse succeed as CEO of Banglalink?
Johan Buse succeeds Erik Aas, who has led Banglalink for nine successful years.
What is Banglalink's vision for the future?
Banglalink aims to transform lives through technology and become a future-ready service provider in the digital era.
What does VEON do as a company?
VEON is a global digital operator providing connectivity and digital services to nearly 160 million customers across six countries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VEON Hedge Fund Activity
We have seen 32 institutional investors add shares of $VEON stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DIAMETER CAPITAL PARTNERS LP added 627,465 shares (+inf%) to their portfolio in Q4 2024, for an estimated $25,161,346
- MORGAN STANLEY added 177,353 shares (+170.3%) to their portfolio in Q4 2024, for an estimated $7,111,855
- LINGOTTO INVESTMENT MANAGEMENT LLP added 159,714 shares (+2.9%) to their portfolio in Q4 2024, for an estimated $6,404,531
- HELIKON INVESTMENTS LTD added 138,149 shares (+5.0%) to their portfolio in Q4 2024, for an estimated $5,539,774
- CYRUS CAPITAL PARTNERS, L.P. added 74,670 shares (+inf%) to their portfolio in Q4 2024, for an estimated $2,994,267
- CITIGROUP INC added 55,183 shares (+22.2%) to their portfolio in Q4 2024, for an estimated $2,212,838
- J. GOLDMAN & CO LP added 51,976 shares (+inf%) to their portfolio in Q4 2024, for an estimated $2,084,237
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Dubai and Dhaka, 17 March 2025:
VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces that Johan Buse has been appointed as the Chief Executive Officer of Banglalink, VEON’s digital operator in Bangladesh, effective 6th April 2025.
Johan joins Banglalink from StarHub in Singapore where he led the Consumer Business Group focusing on strategy and business transformation. Prior to that, Johan has decades of experience in the telecom industry across Europe, Asia and the Middle East. He previously served as the Chief Commercial Officer of Ooredoo Oman and held senior positions at Deutsche Telekom Croatia, AXIS and Singtel.
Johan will succeed Erik Aas who has made the decision to move on from Banglalink after nine successful years.
Commenting on the appointment, VEON Group CEO Kaan Terzioglu said:
“I welcome Johan to the VEON family and Banglalink team. With decades of experience across multiple emerging markets, he is well positioned to accelerate our digital expansion and our contributions to the growth of the Bangladesh economy. I also extend my heartfelt thanks to Erik Aas for his outstanding leadership over the past nine years, during which Banglalink has become a nation-wide operator, offering a superior 4G experience and market-defining digital services through Toffee, MyBL and RYZE.”
Banglalink CEO Erik Aas said:
“Over the past nine years, it has been a privilege to lead the terrific Banglalink team, bringing VEON’s innovative spirit, ‘4G for all’ focus and digital services to millions of Bangladeshis. I’m pleased to pass the mantle to a highly qualified successor like Johan Buse, who I’m sure will take Banglalink to new heights in service of Bangladesh, with the support of a world-class team.”
Johan Buse said:
“I very much look forward to taking over the leadership baton from Erik and having the privilege to lead Banglalink at this important time where the future is filled with customer-focused value creating opportunities. As Bangladesh goes through a historic period of change, transforming the digital landscape of the country by equipping the people of Bangladesh with highly demanded digital and connectivity services is more important than ever. We have a great opportunity to leverage VEON’s digital expertise and the skills of Banglalink’s world-class team to accelerate the efforts to bridge the digital divide, foster innovation and create opportunities that will positively impact the lives of millions in Bangladesh. I am looking forward to realizing these opportunities with our team and our customers.”
About Banglalink
Banglalink is one of the leading digital communications service providers in Bangladesh, working to unlock new opportunities for its customers as they navigate the digital world. Driven by the vision of transforming lives through technology, Banglalink also strives to transform into a future-ready service provider capable of catering to the demands of the new digital era. It is a subsidiary of VEON Ltd - a Nasdaq listed connectivity provider headquartered in Dubai. For more information, visit: www.banglalink.net
About VEON
VEON is a Nasdaq-listed digital operator that provides connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. For more information visit:
www.veon.com
Disclaimer
This release contains “forward-looking statements”, as the phrase is defined in Section 27A of the
U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s corporate strategy, growth expectations and management structure. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
Contact Information
Hande Asik
Group Director of Strategy and Communications
pr@veon.com
Attachment
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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