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The stock has retreated 1.7% over the past six months and 41.6% over the past three years, however. In addition, earlier this month, VEON announced that it had exercised its put option to sell the entirety of its 45.57% stake in its Algerian subsidiary, Omnium Telecom Algérie SpA, to the Algerian National Investment Fund, Fonds National d’Investissement (FNI).
Furthermore, the company continues to be impacted by the exposure to currency exchange rate volatility and specific country risks because it is focused on emerging markets. So, its near-term prospects look uncertain.
