![](//www.4rfv.com/images/no_image.jpg)
02 Aug 2023
VEON and Rakuten to Cooperate in Open RAN and Digital Services to Rebuild Ukraine's Infrastructure Amsterdam, 2 August 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announced that it has signed a Memorandum of Understanding (MoU) with Rakuten Symphony, a subsidiary of the leading technology conglomerate, Rakuten Group. The two companies will start exploring cooperation in Ukraine, with the goal of accelerating the reconstruction of the country's infrastructure, through collaboration on open radio access networks (Open RAN) and digital services.
Under the terms of the MoU, the two companies commit to creating a robust and future-proof telecommunications infrastructure that can seamlessly deliver high-speed connectivity enhanced with 5G, enabling the next generation of digital services in Ukraine. With this collaboration, VEON and Rakuten demonstrate their support for the We Build Ukraine' initiative of the Ukrainian State Agency for Reconstruction and Development of Infrastructure. The two companies will also explore partnerships in other VEON markets.
Kaan Terzio lu, Group CEO, VEON and Mickey Mikitani, Chairman and CEO, Rakuten Group and Chairman of Rakuten Symphony, celebrate the signing of the MoU between VEON and Rakuten.
VEON, operating in six markets with a total population of 510 million, is the parent company of Ukraine's leading operator Kyivstar and has recently committed to investing USD 600 million to rebuild Ukraine's infrastructure. Announcing its investment commitment, the company referred to the future 5G roll-out in Ukraine, for which Open RAN technologies are a compelling choice. Rakuten Symphony is a leading provider of Open RAN solutions, and has vast experience derived from successfully building the world's first* end-to-end fully virtualized, cloud-native mobile network with its parent company Rakuten Mobile.
The two companies also share a focus on digital ecosystems: VEON's Kyivstar owns and operates Ukraine's leading digital services in health, entertainment, information and education, while Rakuten has deep international experience in messaging and financial services. Rakuten's instant messaging app Rakuten Viber is a leading digital communication app in Ukraine, with near-ubiquitous mobile penetration rates in the country as well as very high adoption and engagement rates among Ukrainian nationals abroad. It also provides services to Ukrainian businesses including via an existing partnership with Kyivstar.
VEON and Rakuten share a similar vision: we are both highly customer-focused, digital experience-oriented companies which redefine communications in our respective markets, states Kaan Terzio lu, Group CEO, VEON. We are very excited to partner with Rakuten to explore the opportunities in VEON's markets, with a combined population of 510 million. I am also delighted that we will start this work in Ukraine, where the country's reconstruction is also a shared priority, as recently demonstrated by our USD 600 million investment commitment.
Rakuten is honored to support the We Build Ukraine' initiative through potential collaboration with VEON to boost Ukraine's critical national telecommunications infrastructure, commented Mickey Mikitani, Chairman and CEO, Rakuten Group, and Chairman of Rakuten Symphony. We look forward to bringing our technological expertise from Open RAN telecom solutions and a broad range of digital services including Rakuten Viber to support Ukraine in transforming its digital landscape, as well as exploring further joint opportunities in other VEON markets.
*For a large scale commercial mobile network (as of October 1, 2019). Research: Stella Associa.
About VEON
VEON is a global digital operator that currently provides converged connectivity and online services to nearly 160 million customers in six dynamic markets. We are transforming people's lives, empowering individuals, creating opportunities for greater digital inclusion and driving economic growth across countries that are home to more than 7% of the world's population. Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext Amsterdam. For more information, visit: https://www.veon.com
About Rakuten
Rakuten Group, Inc. is a global leader in internet services that empower individuals, communities, businesses and society. Founded in Tokyo in 1997 as an online marketplace, Rakuten has expanded to offer services in e-commerce, fintech, digital content and communications to approximately 1.7 billion members around the world. The Rakuten Group has nearly 32,000 employees, and operations in 30 countries and regions. For more information visit https://global.rakuten.com/corp/.
About Rakuten Symphony
Rakuten Symphony is reimagining telecom, changing supply chain norms and disrupting outmoded thinking that threatens the industry's pursuit of rapid innovation and growth. Based on proven modern infrastructure practices, its open interface platforms make it possible to launch and operate advanced mobile services in a fraction of the time and cost of conventional approaches, with no compromise to network quality or security. Rakuten Symphony has operations in Japan, the United States, Singapore, India, Europe and the Middle East Africa region. For more information, visit: https://symphony.rakuten.com.
Disclaimer
This release contains forward-looking statements, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON's strategy and commercial plans. Forward-looking
More from VimpelCom
02/09/2024
02 Sep 2024
Supporting Digital Skills Development: Beeline Kazakhstan Adds New ...
27/08/2024
27 Aug 2024
Tamasha Opens New Innings with First International Streaming of Cricket Matches Amsterdam and Islamabad, 27 August 2024: VEON Ltd. (Nasdaq: VEON, E...
14/08/2024
14 Aug 2024
VEON's Kyivstar and Come Back Alive Launch New Fundraising Camp...
08/08/2024
08 Aug 2024
VEON 2Q24 Trading Update: Double-Digit USD Growth, Robust Operation...
01/08/2024
01 Aug 2024
VEON Announces Intention to Delist from Euronext Amsterdam and to I...
29/07/2024
29 Jul 2024
VEON Publishes 2023 Integrated Annual Report Amsterdam, 29 July 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator...
25/07/2024
25 Jul 2024
VEON to release 2Q 2024 trading update on 8 August 2024 Amsterdam, 25 July 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digi...
22/07/2024
22 Jul 2024
VEON's Jazz Secures Pakistan's Largest Long-Term Private Se...
17/07/2024
17 Jul 2024
VEON's Kyivstar Extends Energy Resilience of Network Kyivstar addresses power blackouts with industrial-grade generator fleet
Amsterdam and Ky...
09/07/2024
09 Jul 2024
VEON Receives Licence from U.S. Treasury's OFAC, Amends 2025 and 2027 Notes Amsterdam, 9 July 2024: VEON Ltd. (Nasdaq: VEON and Euronext Amster...
26/06/2024
26 Jun 2024
VEON Discloses its 1Q24 Unaudited Interim Condensed Consolidated Fi...
10/06/2024
10 Jun 2024
VEON and Kyivstar increase Ukraine investment commitment to USD 1 b...
06/06/2024
06 Jun 2024
VEON to Hold Capital Markets Day 2024, Sharing Mid-Term Ambition to...
31/05/2024
31 May 2024
VEON discloses April YTD trading update at its AGM Amsterdam, 31 May 2024 07:00 CEST -
VEON April YTD 2024 Highlights
Total revenue of USD 1,278 ...
31/05/2024
31 May 2024
VEON Announces Its New Board, Names Founder Augie Fabela as Chairman Amsterdam, 31 May 2024, 16.00 CET: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam...
29/05/2024
29 May 2024
VEON appoints UHY LLP as auditors for VEON Group's 2023 PCAOB A...
28/05/2024
28 May 2024
VEON Progresses with Asset-Light Strategy, Reaches Agreement to Sel...
22/05/2024
22 May 2024
VEON Receives Nasdaq Notice on Delayed Filing, Confirms Ongoing Eff...
20/05/2024
20 May 2024
VEON's Banglalink and Robi Axiata Partner to Explore Network Sh...
16/05/2024
16 May 2024
VEON 1Q24 Trading Update: Accelerating USD Growth, Strong Operational Execution Amsterdam, 16 May 2024 07:00AM CEST -
VEON Q1 2024 Highlights
Q1...
15/05/2024
15 May 2024
VEON Publishes Annual Corporate Governance Report for Financial Year 2023 Amsterdam, 15 May 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEO...
15/05/2024
15 May 2024
VEON and Beeline Kazakhstan Partner with GSMA and Barcelona Superco...
14/05/2024
14 May 2024
Tamasha Scores Big with Digital Streaming Rights for ICC Cricket To...
14/05/2024
14 May 2024
VEON's Kyivstar Named the Top International Investor in Ukraine...
09/05/2024
09 May 2024
VEON's Banglalink Leads 3G Phase-out, Deepening its Focus on 4G Amsterdam, 09 May 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a g...
08/05/2024
08 May 2024
Statement on Director Independence Ahead of VEON AGM Amsterdam, 8 May 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital op...
06/05/2024
06 May 2024
AI and Big Data Take the Centre Stage in Central Asia at Beetech 20...
26/04/2024
26 Apr 2024
Cricket Finds Its Digital Home in Bangladesh: VEON's Banglalink...
24/04/2024
24 Apr 2024
VEON Announces 2024 AGM and Board Nominees Amsterdam, 24 April 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator...
12/04/2024
12 Apr 2024
VEON management increases share ownership Amsterdam, 12 April 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator ...
28/03/2024
28 Mar 2024
VEON Pays Back Outstanding Balance and Cancels its Revolving Credit Facility Amsterdam, 28 March 2024, 09.30 CET - VEON Ltd. (Nasdaq: VEON, Euronex...
26/03/2024
26 Mar 2024
VEON announces sale of stake in Beeline Kyrgyzstan, increasing the ...
21/03/2024
21 Mar 2024
VEON 4Q23 trading update: Strong organic growth in revenue and EBIT...
18/03/2024
18 Mar 2024
Banglalink Gets Unified Licence to Deliver Superior Digital Service...
14/03/2024
14 Mar 2024
VEON appoints PwC as 2023 auditors, provides updates on reporting timelines Amsterdam, Netherlands, 14 March 2024, 17:00 CET: VEON Ltd. (Nasdaq: VE...
11/03/2024
11 Mar 2024
VEON to Hold Capital Markets Day on June 6, 2024 Amsterdam, 11 March 2024: VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator...
04/03/2024
04 Mar 2024
MSCI upgrades VEON to AA ESG Rating Amsterdam, 4 March 2024: VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides...
01/03/2024
01 Mar 2024
VEON announces the issuance of previously authorized shares represe...
29/02/2024
29 Feb 2024
VEON's Kyivstar Awarded Best Mobile Innovation Supporting Emer...
27/02/2024
27 Feb 2024
VEON launches ROX, its digital-first brand in Pakistan ROX to provide Pakistan's digital-first generation with integrated content and services ...
26/02/2024
26 Feb 2024
Rakuten Symphony and Kyivstar Sign Letter of Intent to Deploy Open ...
21/02/2024
21 Feb 2024
VEON Launches Geolocation Gateway, Enabling Proximity-Based Digital Services Amsterdam and Tashkent, 21 February 2024 - VEON Ltd. (NASDAQ: VEON, Eu...
14/02/2024
14 Feb 2024
Kyivstar and Come Back Alive Raise UAH180M to Demine Ukraine, Reach...
08/02/2024
08 Feb 2024
VEON's Kyivstar Nominated for the GLOMO in Best Mobile Innovat...
06/02/2024
06 Feb 2024
Augmented Intelligence for Disaster Response: Beeline Kazakhstan Mo...
05/02/2024
05 Feb 2024
VEON and Kyivstar Welcome Former U.S. Secretary of State and Kyivst...
05/02/2024
05 Feb 2024
VEON and Kyivstar set in motion their 600m USD investment plan with...
31/01/2024
31 Jan 2024
VEON and Summit Complete USD 100m Deal for Bangladesh Towers Portfolio Amsterdam and Dhaka, 31 January 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amst...
18/01/2024
18 Jan 2024
Kyivstar Completes Preliminary Assessment of the Financial Impact o...