VEON’s Jazz Secures 190 MHz Spectrum; Q1 Earnings Projected at $1.33 EPS
VEON’s Jazz subsidiary secured 190 MHz of mobile spectrum in Pakistan’s auction, tripling available bandwidth for next-generation digital services. VEON will report quarterly earnings on March 13 with projected EPS of $1.33, revenue of $1.12 billion, a P/E ratio of 4.8 and an earnings yield of 20.82%.
1. Spectrum Acquisition Strengthens Jazz’s Infrastructure
Jazz secured 190 MHz of mobile spectrum across multiple bands in Pakistan’s recent auction, nearly tripling its allocation and enabling deployment of faster broadband and next-generation digital services under the JazzWorld brand.
2. Upcoming First-Quarter Earnings Release
VEON is scheduled to report first-quarter results on March 13, with analysts forecasting EPS of $1.33 and revenue of $1.12 billion, a crucial update as the company seeks to leverage its expanded spectrum in Pakistan.
3. Robust Valuation Metrics Amid High Leverage
VEON trades at a P/E ratio of 4.8 and a price-to-sales ratio of 0.73, with a 20.82% earnings yield, while carrying a debt-to-equity ratio of 3.72 and a current ratio of 0.95, highlighting both strong returns and elevated leverage.