In an unexpected strategy shift, VEON is offloading its stake in Beeline Kyrgyzstan to CG Corp Global’s associate. The monumental telecom deal, setting the business’s value over three times its forecasted EBITDA for 2023, awaits regulatory approval. Amidst this change, Beeline Kyrgyzstan forges ahead in growth, promising patrons sustained exceptional digital solutions.
In a swift response to Tuesday’s widespread cyber-attack, Kyivstar, the Ukrainian subsidiary of global digital operator VEON Ltd., has successfully restored mobile internet services nationwide, encompassing all communication standards, including 4G. International roaming services have also been reinstated within the past 24 hours, marking a significant recovery effort.
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.
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.
