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VEON's Beeline Kazakhstan and Rakuten Symphony Collaborate to Advance Next-Generation Connectivity and Digital Infrastructure
Globenewswire· 2025-12-23 06:00
Core Viewpoint - VEON Ltd. and Rakuten Group have signed a Memorandum of Understanding to explore strategic collaboration in next-generation connectivity and digital services, focusing on cloud-native network infrastructure [1][2][3] Group 1: Collaboration Framework - The MoU establishes a framework for cooperation on modern, software-driven telecom networks and scalable digital platforms [2] - The collaboration will assess opportunities in key technology areas such as Open RAN architectures, AI-powered network intelligence, and global IoT connectivity [2] Group 2: Strategic Goals - The partnership aims to leverage Beeline Kazakhstan's market position and Rakuten Symphony's expertise to modernize connectivity infrastructure and develop advanced digital services in Kazakhstan [3] - The collaboration reflects a commitment to enhancing efficiency, resilience, and customer experience through next-generation network architectures [4] Group 3: Company Backgrounds - VEON provides connectivity and digital services to nearly 150 million connectivity users and 140 million digital users across five countries [5] - Beeline Kazakhstan serves 11.9 million mobile customers and around one million fixed internet customers, with a focus on digital solutions [6] - Rakuten Group operates in e-commerce, fintech, digital content, and communications, serving 2 billion members globally [7][8] Group 4: Innovation and Technology - Rakuten Symphony aims to disrupt traditional telecom models with open interface platforms that enable rapid service deployment at lower costs [9] - The collaboration with Beeline Kazakhstan is part of a broader strategy to enhance network evolution and digital service ambitions within the VEON Group [4]
VEON’s Mobilink Microfinance Bank Launches Islamic Banking Operations in Pakistan
Globenewswire· 2025-12-19 13:00
Core Viewpoint - VEON Ltd. has launched Islamic banking operations through its subsidiary, Mobilink Microfinance Bank, in response to increasing customer demand for Shariah-compliant financial services in Pakistan [1][4]. Group 1: Launch and Expansion - Mobilink Bank inaugurated its first dedicated Islamic banking branch in Karachi, with plans for a second branch in Peshawar and a phased rollout across the country [2]. - The State Bank of Pakistan granted Mobilink Bank an Islamic Banking license earlier in 2025, enabling the launch of these services [2]. Group 2: Strategic Goals - The launch of Islamic banking services aligns with Mobilink Bank's strategy to enhance financial inclusion for individuals, micro-entrepreneurs, and small businesses in Pakistan [3]. - The Islamic banking portfolio will include Shariah-compliant deposit and financing products tailored to meet everyday financial needs and support business growth [3]. Group 3: Market Context - As of September 2025, Islamic banking assets in Pakistan reached approximately PKR 12.7 trillion (around USD 44 billion), representing 21.6% of total banking sector assets, with deposits accounting for 26.5% of total deposits [4]. - Year-on-year growth for Islamic banking assets and deposits was reported at 28.3% and 29.7%, respectively, indicating strong momentum and rising customer adoption in the sector [4]. Group 4: Company Commitment - The Chairman of Mobilink Bank emphasized the commitment to inclusive, customer-centric financial services, highlighting the strong demand and potential for Islamic banking in Pakistan [4]. - The President and CEO of Mobilink Bank noted that expanding into Islamic banking allows the company to meet the needs of a significant segment of the population through transparent, faith-aligned products [4].
VEON Upgraded to Nasdaq Global Select Market, Enhancing Investor Visibility
Globenewswire· 2025-12-18 11:00
Core Points - VEON Ltd. has transferred its American Depositary Shares (ADSs) listing to the Nasdaq Global Select Market, which is Nasdaq's highest listing tier, indicating the company's improved financial profile and capital markets presence [1][2] - The transfer to the Nasdaq Global Select Market, along with VEON's recent inclusion in the S&P Global Broad Market Index and the MSCI Ukraine Index, enhances the visibility and accessibility of VEON shares to global institutional investors [3][4] - The CEO of VEON emphasized that the listing on the Nasdaq Global Select Market reflects the company's growing scale and financial discipline, and aims to deepen investor understanding of its digital operator model [4] Company Overview - VEON is a digital operator providing converged connectivity and digital services to nearly 150 million connectivity users and over 140 million digital users across five countries, impacting more than 6% of the world's population [5]
VEON's Kyivstar Invests in Renewable Energy in Ukraine with Acquisition in Solar Power Company
Globenewswire· 2025-12-16 09:00
Core Insights - VEON Ltd. announces that Kyivstar has acquired 100% of LLC SUNVIN 11, adding 12.9 MW of solar generation capacity to its energy resilience investments [1] - This acquisition marks Kyivstar's first investment in renewable energy, contributing to Ukraine's national grid [1][2] - The investment is part of a broader commitment by Kyivstar and VEON to invest USD 1 billion in Ukraine from 2023 to 2027 [4] Company Developments - The acquisition will enhance Kyivstar's operational and financial stability by partially hedging against energy cost volatility [2] - The solar facility is expected to improve Kyivstar's overall carbon footprint [2] - CEO Oleksandr Komarov emphasizes that this investment supports the development of renewable energy in Ukraine and enhances service reliability for customers [3] Strategic Goals - The investment aligns with Kyivstar's and VEON's strategy to bolster energy resilience and connectivity in Ukraine [4] - The company plans to invest in various sectors, including infrastructure, technological development, and innovative digital businesses [5] - VEON operates across five countries, providing services to nearly 150 million connectivity users and 120 million digital users [6]
VEON Announces Release Date for Full Year and Fourth Quarter 2025 Results of Both VEON and Kyivstar
Globenewswire· 2025-12-16 07:34
Core Points - VEON Ltd. and its operating company Kyivstar will release their consolidated financial and operating results for Q4 and full year 2025 on March 16, 2026 [1][2] - The results will be available at 8:00 GST (5:00 CET, 0:00 EST) [2] - A conference call with VEON's senior management will take place on the same day, with Kyivstar's call scheduled for the following day [2] Company Overview - VEON is a global digital operator providing connectivity and digital services to nearly 150 million connectivity users and 140 million digital users [3] - The company operates in five countries, serving over 6% of the world's population, and focuses on technology-driven services that empower individuals and stimulate economic growth [3] - VEON is listed on NASDAQ [3]
VEON's Beeline Kazakhstan Delivers First Starlink Direct to Cell Call in Central Asia
Globenewswire· 2025-12-15 08:03
Core Insights - VEON Ltd. has successfully completed a field test in Kazakhstan, marking the first voice call and text messages via Starlink Direct to Cell, integrating satellite and terrestrial mobile connectivity in Central Asia [1][2][4] Group 1: Test Details - The test involved Beeline Kazakhstan's CEO and Kazakhstan's Deputy Prime Minister making a WhatsApp audio call using standard smartphones connected through Starlink satellites [2] - Conducted in the Akmolinskaya region, the test confirmed interoperability between Starlink's satellites and Beeline Kazakhstan's mobile network, demonstrating connectivity in areas lacking traditional coverage [3] Group 2: Technological Significance - This achievement is a significant milestone for Kazakhstan, enhancing connectivity in remote areas and contributing to national communication resilience [4][5] - Starlink's technology allows connectivity in challenging terrains, which is crucial for safety and communication in Kazakhstan's diverse geography [5] Group 3: Future Plans - Beeline Kazakhstan plans to roll out Starlink Direct to Cell connectivity for customers starting with SMS services in 2026, pending regulatory approval [7] - The integration of satellite and terrestrial networks is expected to transform coverage capabilities, allowing customers to remain connected using their existing smartphones [6] Group 4: Company Overview - VEON operates across five countries, serving nearly 150 million connectivity users and 120 million digital users, focusing on technology-driven services to enhance economic growth [8] - Beeline Kazakhstan serves 11.7 million mobile customers and has developed a digital ecosystem of 60 products over the past five years [9][10] Group 5: Starlink Overview - Starlink Direct to Cell is the largest satellite constellation providing mobile connectivity, with over 650 satellites in low-Earth orbit, enabling voice, video, and messaging services in mobile dead zones [11]
VEON’s Banglalink Receives Regulatory Approval to Launch Digital Payment Services to Advance Financial Inclusion in Bangladesh
Globenewswire· 2025-12-11 13:00
Core Insights - VEON Ltd. announces that Banglalink has received permission from Bangladesh Bank to operate as a payment service provider, marking a significant step in expanding into digital financial services [1][2] Company Developments - Banglalink will offer regulated money transfer and payment services, targeting the 72% of Bangladesh's population that remains outside the traditional banking system, thus presenting a substantial opportunity for financial inclusion [2] - The company is preparing for the commercial rollout of its payment services in collaboration with Bangladesh Bank and partner institutions, aiming to integrate financial services into customers' mobile experiences [3] - Initial services will include person-to-person transfers, remittance services, utility and government bill payments, merchant transactions, and salary disbursements, with future plans for micro-savings and insurance payments [4] Strategic Vision - The launch of digital financial services aligns with VEON's DO1440 strategy, which aims to empower customers with relevant digital services [5] - The initiative is expected to enhance Bangladesh's growth as a digital economy, leveraging Banglalink's nationwide reach and VEON's global capabilities to create a secure digital payment ecosystem [5] Market Context - As of September 30, 2025, VEON's digital financial services had 42.1 million monthly active users, reflecting a 25% year-on-year growth, indicating the potential for similar success in Bangladesh's rapidly growing digital economy [5]
VEON Recognized for JazzCash, Kyivstar and Jazz at the World Communication Awards 2025
Globenewswire· 2025-12-10 15:30
Core Insights - VEON Ltd. has been recognized at the World Communication Awards 2025 for its advancements in financial inclusion, resilient connectivity, and digital transformation [1][2] Group Achievements - JazzCash, VEON's digital financial services platform in Pakistan, won the Gold Award in the Beyond Connectivity category, highlighting its role in expanding financial access [2][4] - Kyivstar, VEON's operator in Ukraine, received the Silver Award for Satellite Telecommunications, showcasing its efforts to maintain connectivity in challenging circumstances [2][3] - Jazz, VEON's operator in Pakistan, earned a Silver Award for Best Digital Transformation Programme, reflecting its commitment to delivering AI-powered digital experiences [2][5] Strategic Focus - VEON's CEO emphasized the company's commitment to building digital services that promote access, resilience, and inclusion across its markets [3] - The recognition of JazzCash aligns with VEON's strategy to leverage digital services for economic empowerment and social impact, with JazzCash serving 20.6 million monthly active users and a merchant base of 750,000 [4][9] Technological Innovations - Kyivstar's recent milestone includes the launch of SMS messaging via Starlink Direct to Cell satellites, enhancing connectivity in areas with infrastructure disruptions [3] - Jazz's joint award with Huawei for Best Digital Transformation Programme underscores its evolution into a digital life partner, addressing diverse customer needs across various sectors [5] Industry Recognition - The World Communications Awards are organized by Total Telecoms and are recognized as prestigious accolades in the telecommunications industry, adjudicated by over 100 independent experts [6]
VEON's Rising Capital Markets Profile Strengthened by Inclusion in Key Global Indices
Globenewswire· 2025-12-10 14:30
Core Insights - VEON Ltd. has been included in two major international equity indices, enhancing its visibility and accessibility to global institutional investors [1][2][3] Group 1: Inclusion in Indices - VEON has been added to the S&P Global Broad Market Index (BMI), which includes over 11,000 companies across developed and emerging markets [2] - The company was also selected for the revised MSCI Ukraine Index, highlighting its role as a leading publicly listed company in the Ukrainian economy [3] Group 2: Company Performance and Strategy - The inclusion in these indices reflects VEON's growing scale, operational momentum, and strengthened financial profile, broadening its reach to institutional investors [4] - VEON continues to deliver robust revenue and profit growth, improve operational efficiency, and accelerate its digital operator strategy [5] Group 3: Investor Engagement - The company is committed to maintaining high-quality disclosures and deepening investor understanding of its digital operator model [6] - VEON will actively engage with market participants, including index providers and institutional investors, to ensure transparent communication of its strategy and performance [5]
VEON's Beeline Kazakhstan Breaks Ground for Hyper Cloud Data Center to Offer Sovereign Enterprise, AI and Digital Services
Globenewswire· 2025-12-08 08:00
Core Insights - VEON Ltd. has announced the construction of a new Hyper Cloud data center in Almaty, Kazakhstan, aimed at enhancing the country's digital infrastructure and services [1][2][3] Company Overview - VEON is a global digital operator serving nearly 150 million connectivity users and 140 million digital users across five countries, focusing on technology-driven services to empower individuals and drive economic growth [4] - Beeline Kazakhstan, a subsidiary of VEON, serves 11.9 million mobile customers and around one million fixed internet customers, executing a digital operator strategy since 2018 [5] Industry Developments - The Hyper Cloud data center will provide secure and scalable compute capacity for AI, blockchain, and next-generation telecom services, ensuring all customer data remains within Kazakhstan [2][3] - Kazakhstan's IT sector has seen significant growth, with over 18,000 companies operating, marking a 16% increase over three years, highlighting the importance of cloud capacity for the country's digital future [3] Project Details - The Tier III-certified Hyper Cloud facility is expected to go live by the end of 2026, providing full-service redundancy and enhancing the reliability, security, and sovereignty of cloud services for enterprises and public-sector organizations [3]