VEON, the global digital operator, is demonstrating its unwavering commitment to Ukraine with a high-level delegation visit to Kyiv and Lviv. Comprising members of the VEON Board and Management, the delegation seeks to bolster the company’s presence and engage with various stakeholders in Ukraine.
Dutch telecom company Veon is adjusting the course of its Russian sector, VimpelCom’s, management buyout, initially agreed for $2.1 billion. The transaction now fully hinges on VimpelCom absorbing part of Veon’s debt – a method born from necessity as sanctions hamper Russian financial institutions. This strategic exit is further complicated by EU sanctions on Russia’s National Settlement Depository inhibiting interest collection on Veon’s Eurobonds.
Telephone company Veon has announced a significant infrastructure initiative with Rakuten Symphony, aimed at bolstering Ukraine’s telecommunications framework. This strategic move will involve an extensive roll-out of Open RAN enabled 5G networks, forming the backbone for new digital services. Veon’s $600 million commitment signals confidence in Open RAN’s transformative potential and Rakuten’s proven commercial implementation acumen.
Global telecom giant Veon commits $600 million to boost Ukraine’s infrastructure, focusing on 4G mobile and fiber development, while inviting other institutions to join the initiative. Kyivstar, Veon’s subsidiary, aims for 98% 4G coverage in three years, with potential 5G advancements.
Ciena’s novel approach towards rising above intense market competition involves enhancing its residential fiber-to-the-home (FTTH) solutions. Their business strategy comprises strategic mergers and acquisitions, integration of unique features post acquisitions, and providing comprehensive end-to-end resolutions. Ciena’s ‘one box’ solution is highlighted for its potency on typically challenging scenarios, like rural areas, by offering reduced costs and increased flexibility. Changes are also seen from market players like VEON and Telefonica, amidst this evolving industry.
As Rakuten Symphony’s CEO, Tareq Amin, unexpectedly departs, it heightens the mystery around the company’s subdued performance this year. Despite a promising start and securing a deal with Germany’s greenfield mobile operator 1&1, Symphony’s momentum appears to have plateaued. Yet a recent MoU with Veon to explore Open RAN solutions offers a beacon of hope. Amidst tricky market conditions and scarce major RAN deals, all eyes are now on acting president Sharad Sriwastawa to breathe new life into Symphony.
The Ethiopian government is once again inviting global operators to bid for its lucrative telecom license, stirring intrigue within the global telecom community. Will the Ethiopian Communications Authority’s (ECA) revamp strategy succeed this time, especially considering the previous subpar offers? While this market opportunity boasts a burgeoning economy and promising regulatory developments, interested parties face rigorous competition and potential operation setbacks.
GSMA welcomes China Mobile, China Telecom, and China Unicom to the Open Gateway initiative, aiming to enhance services and boost 5G connectivity through API-driven single access points. Collaboration between operators, developers, and cloud providers promises new opportunities and transformative benefits.
VEON commits $600 million investment via Kyivstar for Ukraine’s recovery, focusing on infrastructure, 4G expansion, cybersecurity, and community support, fostering accelerated digitalization and rebuilding efforts.