v3.26.1
PROPERTY AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2025
Property, plant and equipment [abstract]  
Schedule of property and equipment, including right-of-use assets
The following table summarizes the movement in the net book value of property and equipment for the years ended December 31:
Net book valueTelecomm-unications equipmentLand,
buildings and constructions		Office and other equipmentEquipment not installed and assets under constructionRight-of-use assetsTotal
As of January 1, 20241,68861102 226821 2,898 
Additions *82 3 29 572 181 867  
Disposals(11)— (5)— (12)(28)
Depreciation charge for the year(335)(8)(31)— (155)(529)
Divestment and reclassification as held for sale(44)— (9)(21)(7)(81)
Impairment(3)— — (2)(1)(6)
Impairment reversal1 — — 1 1 3 
Transfers433 22 26 (493)(10)(22)
Modifications of right-of-use assets *— — — — 103 103 
Translation adjustment(97)(6)(10)(16)(60)(189)
As of December 31, 20241,71472102 267861 3,016 
Additions68 5 41 655 540 1,309 
Disposals(5)— — (2)(28)(35)
Depreciation charge for the year(340)(9)(36)— (193)(578)
Divestment and reclassification as held for sale **(60)— (1)(7)(29)(97)
Impairment(8)— — (3)(1)(12)
Impairment reversal— — — 2 1 3 
Transfers550 41 32 (625)(1)(3)
Modifications of right-of-use assets— — — — 127 127 
Translation adjustment6 3 4 7 7 27 
As of December 31, 20251,925112142 2941,284 3,757 
Cost4,741 210 422 304 1,852 7,529 
Accumulated depreciation and impairment(2,816)(98)(280)(10)(568)(3,772)
* Certain prior period comparatives have been represented to conform with the current year presentation.
** This relates to the sale of Kyrgyzstan and Deodar as explained in Note 11—Significant transactions and Note 12—Held for sale and discontinued operations.
Schedule of movements in net book value of right-of-use assets
The following table summarizes the movement in the net book value of right-of-use assets ("ROU") for the year ended December 31:
Net book valueROU - Telecommunications EquipmentROU - Land, Buildings and ConstructionsROU - Office and Other EquipmentTotal
As of January 1, 2024747 61 13 821 
Additions *149 22 10 181 
Disposals(8)(4)— (12)
Depreciation charge for the year(133)(17)(5)(155)
Divestment and reclassification as held for sale(4)(3)— (7)
Impairment(1)— — (1)
Impairment reversal1 — — 1 
Transfers(9)(1)— (10)
Modifications and reassessments *87 16 — 103 
Translation adjustment(53)(6)(1)(60)
As of December 31, 2024776 68 17 861 
Additions504 28 8 540 
Disposals(23)(4)(1)(28)
Depreciation charge for the year(167)(20)(6)(193)
Divestment and reclassification as held for sale(29)— — (29)
Impairment(1)— — (1)
Impairment reversal1 — — 1 
Modifications and reassessments116 11 — 127 
Translation adjustment5 2 — 7 
As of December 31, 20251,181 85 18 1,284 
Cost1,687 136 29 1,852 
Accumulated depreciation and impairment(506)(51)(11)(568)
* Certain prior period comparatives have been represented to conform with the current year presentation.
Schedule of capital commitments for the future purchase of equipment
Capital commitments for the future purchase of equipment are as follows as of December 31:
20252024
Less than 1 year106178
Between 1 and 5 years24—
Total commitments
130178
Capital commitments for the future purchase of intangible assets are as follows as of December 31:
20252024
Less than 1 year1915 
Between 1 and 5 years7— 
Total commitments
2615 
Schedule of estimated useful lives
Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. The useful life of VEON's assets generally fall within the following ranges:
Class of property and equipment
Useful life
Telecommunication equipment
3—30 years
Buildings and constructions
10—50 years
Office and other equipment
2—10 years
Right-of-use assetsEquivalent lease term
The amortization period and the amortization method for intangible assets with finite useful lives are reviewed at least annually and fall within the following ranges:
Class of intangible assetUseful life
Telecommunications licenses, frequencies and permissions
3—20 years
Software
3—10 years
Brands and trademarks
3—15 years
Customer relationships
10—21 years
Other intangible assets
4—10 years