v3.26.1
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about intangible assets [abstract]  
Schedule of total gross carrying value and accumulated amortization of intangible assets
The following table summarizes the movement in the net book value of intangible assets for the years ended December 31:
Net book valueTelecommuni-cation licenses, frequencies & permissionsSoftwareBrands and trademarksCustomer relationshipsOther intangible assetsGoodwillTotal
As of January 1, 20241,026 193 4 42 5 349 1,619 
Additions35 52 — 2 81 — 170 
Disposals— (4)— — (1)— (5)
Amortization charge for the year(125)(63)(2)(6)(3)— (199)
Divestment and reclassification as held for sale(4)(8)— — — — (12)
Transfer and reclassification— 58 — — (60)6 4 
Translation adjustment(29)(18)(1)(2)— (17)(67)
As of December 31, 2024903 210 1 36 22 338 1,510 
Acquisitions— 8 18 32 — 116 174 
Additions1 125 — — 23 — 149 
Disposals— (1)— — — — (1)
Amortization charge for the year(132)(79)(2)(6)(5)— (224)
Divestment and reclassification as held for sale *— — — — — (58)(58)
Transfer and reclassification(2)22 1 — (17)— 4 
Translation adjustment(9)1 — (1)1 3 (5)
As of December 31, 2025761 286 18 61 24 399 1,549 
Cost1,851 783 174 279 41 1,122 4,250 
Accumulated amortization and impairment(1,090)(497)(156)(218)(17)(723)(2,701)
* This relates to the sale of Deodar as explained in Note 11—Significant transactions.
Schedule of changes in goodwill per cash-generating unit
During the year, the movement in goodwill for the Group, per CGU, consisted of the following:
CGU*December 31,
2025		Translation and other adjustmentAcquisitions ***Divestments ***December 31,
2024
Pakistan123 (2)— (58)183 
Kazakhstan117 5 — — 112 
Ukraine19 (2)7 — 14 
Uzbekistan31 2 — — 29 
Uklon **109 — 109 — — 
Total399 3 116 (58)338 
* There is no goodwill allocated to the Bangladesh CGU.
** Uklon, acquired in Q2 2025 has been identified as a separate CGU within the Ukraine operating segment.
*** For acquisitions and divestments, refer to Note 11—Significant transactions for further details.
CGU*December 31,
2024		Translation adjustmentTransfer and reclassificationDecember 31,
2023
Pakistan183 4 — 179 
Kazakhstan112 (17)— 129 
Ukraine14 (2)6 10 
Uzbekistan29 (2)— 31 
Total338 (17)6 349 
* There is no goodwill allocated to the Bangladesh or Kyrgyzstan CGUs.
Schedule of capital commitments for the future purchase of intangible assets
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