On October 29, 2020, VEON announced that it had entered into an agreement to sell CJSC “VEON Armenia”, VEON`s operating subsidiary in Armenia, to Team LLC for an additional $51 million. The transaction is expected to close shortly. On 29 October 2020, veon will hold a management conference call at 14:00 European time (13:00 GMT), which will be provided via the following identification numbers. The call and slide presentation can be found under www.veon.com. PJSC VimpelCom has signed a loan agreement with VEON Holdings B.V. for a total amount of 35 billion rubles, the communications operator said. Conclusion of an agreement on the sale of armenian operations Net debt is a non-IFRS financial ratio and is calculated as the sum of long-term debt at interest rates, including activated leases and notional short-term liabilities, net of means of payment and cash equivalents, long-term and short-term deposits. The company believes that net debt provides useful information to investors, as it indicates the amount of outstanding fictitious debt to be paid after the use of available means of payment and cash equivalents, as well as long-term and short-term deposits. Net debt should not be considered in isolation as an alternative to long-term debt and short-term debt or any other measure of the company`s financial situation. Net debt excluding leasing obligations is net debt less activated leases. In addition, on July 9, 2020, Veon Holdings refinanced its RUB 30 billion (approximately $422 million) bilateral loan agreement with VTB Bank. This refinancing extends the duration and reduces the cost of the existing loan between VTB Bank and VEON Holdings. 1 Free cash flow per licence (excluding activated leases) is a non-IFRS ratio and is defined as free cash flow from current operations, net of the repayment of rental liabilities and cash flows from investment, excluding M&A operations, deposit inflows and outflows, of financial assets, other single items Shareholders that are no longer subject to the annual filing fee on the Nasdaq Net cash flow for the investment amounted to USD 3Q20 386 million.
The result of the group`s investment in high-speed data networks. Net cash flows, Point (a) of Article 2 of Regulation (EU) 2016/2019, was implemented pursuant to Point (1) of Article 107 of Council Regulation (EU) No 1008/2013 of 27 June 2012 on the granting of State aid under point (1) of Article 1 of Regulation (EU) 2016/2013. Equity free cash flow (excluding licenses) is a non-IFRS ratio and is defined as free cash flow from current operations, net of cash flows generated by the investment, excluding M&A transactions, investments for licenses, deposit inflows and outflows, financial assets and other unique items. The transition to the most directly comparable IFRS financial ratio is set out in the Transmission Tables section of Appendix C below. . . .