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.