Sony Pixel Power calrec Sony

VEON and Kyivstar increase Ukraine investment commitment to USD 1 billion, attend Ukraine Recovery Conference in Berlin

10/06/2024

10 Jun 2024

VEON and Kyivstar increase Ukraine investment commitment to USD 1 billion, attend Ukraine Recovery Conference in Berlin Berlin and Kyiv, 10 June 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that VEON, through its 100%-owned subsidiary Kyivstar, plans to increase its commitment to rebuild Ukraine's digital infrastructure to USD 1 billion over the five-year period from 2023 through 2027. This is an increase from the previously announced USD 600 million investment commitment for the three-year period between. The commitment will fund investments into network and digital services, including potential acquisitions or the development of new assets, social contributions and partnerships.

The Chairman of VEON board of directors and VEON founder Augie Fabela, VEON and Kyivstar board member and former U.S. Secretary of State Michael R. Pompeo, and Kyivstar CEO Oleksandr Komarov will attend the Ukraine Recovery Conference 2024 in Berlin later this week, to highlight VEON's and Kyivstar's current contributions to Ukraine's resilience as well as VEON's future commitment to the rebuilding and restoration of Ukraine, including the aforementioned upgraded investment plan.

VEON and Kyivstar support Ukraine's resilience, recovery and reconstruction in every possible way, from meeting the vital connectivity needs of the country to serving the population with digital capabilities, from futureproofing our network with OpenRAN partnerships to ensuring energy resilience and continuity, from supporting Ukrainian businesses today to investing in the country's digital ecosystem for the future. Having seen the support of VEON's international investors, I am proud to note that Kyivstar is a significant example of how a socially responsible business with international investors can support a country through war. said Oleksandr Komarov, CEO of Kyivstar. With the power we take from our own example, we will join the call at the Ukraine Recovery Conference 2024 for businesses to invest in Ukraine and invest now! I'm happy that we will do so with an increased investment commitment of our own: USD 1 billion over 5 years.

VEON's Kyivstar was named Ukraine's largest foreign investor in 2022 and 2023 by Forbes Ukraine, with a capex investment of UAH 12.3 billion over those two years - approximately USD 176 million and USD 174 million in 2022 and 2023, respectively.

Highlights of Kyivstar's investments into Ukraine's digital infrastructure include the following:

Since February 24, 2022, Kyivstar has built 1,895 new LTE base stations and upgraded about 13,200 existing base stations to 4G. Kyivstar has added more than 4,100 residential areas to 4G coverage, and 95% of the population of territories controlled by Ukraine have access to 4G services on Kyivstars network. The operator aims for near universal (98%) population coverage in 4G over the next two years.

Home and business fixed line users are benefitting from Kyivstar's roll-out of its high-speed GPON network, which is due to be expanded to seven new cities in 2024.

In February 2024, Kyivstar and Rakuten Symphony signed a letter of intent confirming Kyivstar's interest in procuring and deploying Rakuten Symphonys Open Radio Access Network (Open RAN) technology in its network, which will involve both 4G and 5G technology.

Kyivstar invested UAH 1 billion (approximately 27.4 million) in Ukraine's energy resilience, installing over 2,300 generators and 113,000 batteries to help keep its network running and customers connected, even when Ukraine's power infrastructure is under attack.

Kyivstar invested in Helsi, the Ukraine's leading digital healthcare platform, in August 2022. As of March 2024, Helsi has 2.5 million monthly active users on web and OTT platforms, serves nearly 1,600 medical institutions and more than 38,000 medical professionals, and has facilitated 2.5 million digital appointments in the first quarter of 2024.

Kyivstar continuously expands the use and capabilities of its self-care platform myKyivstar and TV application Kyivstar TV, with nearly 1.5 million monthly active users, and locally relevant content including educational resources.

Kyivstar supports Ukrainian businesses with integration of Amazon Web Services for data processing as well as with Microsoft Azure cloud services. Kyivstar's Real-Time Kinematic technology is used in a wide range of professional applications, from agriculture to demining operations.

Kyivstar's total customer support and CSR initiatives since February 2022 amounted to USD 50 million, including corporate donations and digital facilitation of customer donations to the Ukraine's demining, raising more than UAH 180 million (USD 4.8 million) from 2023 to 2024 for the We Live Here demining project of the Come Back Alive Foundation.

About Kyivstar

Kyivstar is the largest telecommunications operator in Ukraine with 24 million mobile subscribers and over 1.1 million home internet subscribers. As Ukraine's market-leading operator, Kyivstar maintained network availability above the 90% level on average throughout the past two years, supporting the connectivity of not only its own customers but also the broader Ukrainian population. Kyivstar is 100% owned by the international VEON Group.

About VEON

VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext. For more informat
LINK: https://www.veon.com/newsroom/press-releases/veon-and-kyivstar-increas...
See more stories from vimpel

Most recent headlines

04/08/2024

Dalet Appoints Santiago Solanas as CEO to Lead Next Era of Growth and Innovation

Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....

14/06/2024

HBO Renews House of the Dragon for a Third Season

HBO has announced that its high profile original drama series House of the Dragon has been renewed for a third season....

14/06/2024

Pixotope Announces Native Support for Unreal Engine 5.4

OSLO Pixotope has announced the availability of Pixotope 24.1.0 and is reporting that the release includes the full integration of Unreal Engine 5.4, which open...

14/06/2024

Cineverse Passes 10M YouTube Sub Mark

LOS ANGELES Cineverse Corp. is reporting that its YouTube channels have passed the 10 million subscribers mark, thanks to the success of eight brands that have ...

14/06/2024

NBA Finals Game 3 on ABC and ESPN up 2% to 11.4M Viewers

Ratings for the NBA Finals continue to improve with the average audience for NBA Finals Game 3 on ABC and ESPN up two percent from last year's Game 3, accor...

14/06/2024

Clear-Com Announces Gen-IC Virtual Intercom is Now Ready...

Clear-Com is thrilled to announce that the highly anticipated Gen-IC Virtual Intercom, a revolutionary system combining the power of cloud production with Cle...

14/06/2024

Acronis Expands its Security Offering Beyond Endpoint Pro...

Acronis, a global leader in cybersecurity and data protection, is pleased to introduce Acronis XDR the newest addition to the company's security solution po...

14/06/2024

Veset AdWise Launched in AWS Marketplace

Veset has announced that Veset AdWise is now available in AWS Marketplace. Veset AdWise is the advanced, cloud-based solution for real-time, in-video advertisin...

14/06/2024

Ease Live and Bedrock Jointly Create the Interactive M6PL...

Bedrock, the leading European streaming tech company, and Ease Live, an Evertz company providing innovative interactive TV technology, announce their newly form...

14/06/2024

V-Nova Surpasses 1000 Patent Milestone in Media Technolog...

V-Nova, a leading provider of data compression solutions, video compression technology, XR technology, AI acceleration and parallel processing for a multitude o...

14/06/2024

Capitol Broadcasting Company Teams Up With Triveni Digita...

Triveni Digital today announced that Capitol Broadcasting Company owner and operator of WRAL-TV, WRAZ-TV, WILM-TV, and WNGT-TV in North Carolina has selecte...

14/06/2024

Riedel Communications Powers TVMonacos Inaugural Broadcas...

Riedel Communications today announced that TVMonaco, the first general-interest public television channel in Monaco, has selected Riedel s cutting-edge Artist i...

14/06/2024

Orange Polska Elevates Video Experiences With Viaccess-Or...

Viaccess-Orca (VO), a global leader providing OTT and TV platforms, content protection, and advanced data solutions, announced today that pay-TV operator Orange...

14/06/2024

Pixotope Announces Native Support for Unreal Engine 5-4 A...

Pixotope, the leading software platform for end-to-end real-time virtual production solutions, today announced the availability of Pixotope 24.1.0. This release...

14/06/2024

NUGEN Audio Releases NUtility Toolkit

NUGEN Audio unveils its new NUtility Toolkit, which comprises its SigMod, AB Assist, Jotter and Aligner plug-ins. Ideal for entry-level and professional audio p...

14/06/2024

Ross Video Powers up InfoComm 2024 with Advanced AV Solut...

Ross Video is excited to announce its participation in InfoComm 2024, held from June 12 to 14 at the Las Vegas Convention Center. This year, Ross Video is set t...

14/06/2024

CLEARHAVEN PARTNERS ACQUIRES ZIXI

Zixi, provider of the award-winning Software-Defined Video Platform (SDVP ) and the industry leader for enabling reliable, scalable and cost-efficient live vide...

14/06/2024

NMR Events Leverages R2 Integration with Beam Dynamics fo...

Beam Dynamics, leaders in technology lifecycle management, has implemented its Data Improvement Platform (DIP) at NMR Events, a major American industrial stagi...

14/06/2024

Tiffen Tech Day 2024 Stabilizer Expo and Steadicam Garret...

Tiffen welcomes the filmmaking community for its annual Tech Day '24 featuring the Stabilizer Expo, live equipment demos, and Tech Talks with renowned Opera...

14/06/2024

Cine Gear Expo Ready for Tech Panels and Networking at Wa...

Excitement is building for the opening of Cine Gear Expo at the Warner Bros. Studios in Burbank. This year's expo holds much to look forward to from technol...

14/06/2024

Applications Being Accepted for 2024 WRAL Azalea Celebration

The 38th Annual WRAL Azalea Celebration is now accepting applications from non-profits for the 2024 plant giveaway. Sponsored by WRAL-TV, MIX 101.5 WRAL-FM, FOX...

14/06/2024

State of Golf Now Open at ATC

Tee up a fun golf at American Tobacco. State of Golf, Downtown Durham's premier golf & sports simulator lounge opened on June 11, 2024. Get inspired by US O...

14/06/2024

Dr. Lenora Helm Hammonds Named Dean of the Professional Education Division

Dr. Lenora Helm Hammonds Named Dean of the Professional Education Division A renowned jazz vocalist, educator, and Berklee alumna, Hammonds is known for her i...

14/06/2024

Joey Chestnut, Takeru Kobayashi To Take Part in Live Hot Dog Contest on Netflix

Joey Chestnut is a scratch for the Nathan's Famous Fourth of July International Hot Dog-Eating Championship, but he and another speed-eating luminary, Taker...

14/06/2024

Paula Ebben Shifts to Mornings at WBZ Boston

Paula Ebben will anchor mornings with Chris Tanaka at WBZ Boston starting June 17. Ebben currently anchors evening news and anchored WBZ's morning news from...

14/06/2024

Reni Calister, Quanny Carr Get Key Roles at Rock'n Robin Productions

Rock'n Robin Productions, the production outfit run by Robin Roberts, has announced two executive hires. Reni Calister is the new chief content officer and ...

13/06/2024

2024 Sundance Film Festival: Local Lens Free Summer Screenings Program & Special Artist Event Announced

Top L-R: Skywalkers: A Love Story, Daughters, My Old Ass. Center L-R: Your Monst...

13/06/2024

Women in Amapiano

From the music studio to the dance challenge, from the lifestyle to the mpahla (slang for fashion), women have played a critical role in shaping and giving dire...

13/06/2024

From Beats to the Streets to the Catwalks: How Amapiano Enabled a Lifestyle

Spend enough time browsing music and entertainment news sites, and you'll find no shortage of articles about Amapiano's decade-long rise from undergroun...

13/06/2024

Piano to the World: Amapiano's Evolution From Underground Movement to Global Sensation

Today Amapiano is everywhere. Some of the world's biggest artists, including...

13/06/2024

Why Amapiano Wins Hearts and Minds as It Travels the Globe

Amapiano is a force to be reckoned with on the global music stage, and this is thanks to its influence on popular culture. Spotify provides a home for Amapiano...

13/06/2024

Amapiano's Origins: Taking Root at Home, Then Spreading Seeds Globally

The sound of Amapiano is like prolonging moments when, in South African townships, the sounds of everyday living merge with the music that forms the bedrock of ...

13/06/2024

How a Global Pandemic Pushed Amapiano to the World

You can't search for South African music today and not have several Amapiano artists appear in your results. The genre has surged across global dance floors...

13/06/2024

Aerojet Rocketdyne Delivers 1,000th THAAD Solid Rocket Boost Motor and Divert and Attitude Control System Ahead of Schedule

Courtesy Photo: Missile Defense Agency/DVIDS | A THAAD interceptor is launched f...

13/06/2024

IndyCar Moves to Fox

Fox announced today that it has signed a new multi-year agreement that will make Fox Sports the new exclusive home of the NTT IndyCar SERIES and the iconic Indi...

13/06/2024

Today is the 2024 BFOA Giving Day

Today, June 13, 2024, is the 2024 Broadcasters Foundation of America Giving Day. Join your fellow radio and television broadcasters for the 3rd Annual Broadcast...

13/06/2024

Survey: Users Regard YouTube as Must-Have Service

PORTSMOUTH, N.H. It's nearly unanimous. A YouTube brand is ranked in four of the top five spots as must haves by users responding to the latest Hub Entert...

13/06/2024

Hisense Bullish on 8K

SUWANEE, Ga. Hisense, the fifth largest maker of TV sets in the world announced today that it has joined the 8K Association (8KA), a cross-industry group promot...

13/06/2024

NextGen TV HDR Broadcasts Now Reach 70M+ Homes

WASHINGTON, D.C. After several years of rolling out NextGen TV, aka ATSC 3.0 broadcasts to more than 75% of American homes, stations are increasingly adding new...

13/06/2024

New Chyron PRIME 4.10 Release Further Optimizes Modern, High-Volume Graphics Workflows for News and Sports

New Chyron PRIME 4.10 Release Further Optimizes Modern, High-Volume Graphics Wor...

13/06/2024

Documentary Series Haunted Relies on a Camera to Post Workflow from Blackmagic Design

Documentary Series Haunted Relies on a Camera to Post Workflow from Blackmagic D...

13/06/2024

OpenDrives Appoints Media & Entertainment Veteran Sean Lee as CEO

OpenDrives Appoints Media & Entertainment Veteran Sean Lee as CEO Brie Clayton June 13, 2024 0 Comments The move ushers in new era of software-defined...

13/06/2024

Lionsgate Television To Develop Series Based On Vanity Fair' Hostage Series

Lionsgate Television said it has optioned journalist Adam Ciralsky's recent Vanity Fair article on the work of the U.S. Special envoy for hostage affairs an...

13/06/2024

Portia' Renewed for Season 3 on Fox Soul, Select Fox TV Stations

Portia, a half-hour lifestyle program, has been picked up for a third season by streaming network Fox Soul, where it airs back-to-back weekdays at 7 p.m. ET. Th...

13/06/2024

Dennis Evans Named Weekend Sports Anchor at KMBC Kansas City

Dennis Evans has been named weekend sports anchor at KMBC Kansas City. He previously spent five years at KMBC before shifting to KDNL St. Louis, KTNV Las Vegas ...

13/06/2024

A Scott Turow Novel, Then a Harrison Ford Movie and Now a Jake Gyllenhaal Series

Presumed Innocent, which was a Scott Turow novel and then a Harrison Ford movie, premieres June 12 as a limited series with Jake Gyllenhaal in the lead role. Da...

13/06/2024

Howard Fineman, Political Correspondent and TV Commentator, Dies at 75

Howard Fineman, political correspondent, television commentator and D.C. insider, died Tuesday at the age of 75. Fineman, who had pancreatic cancer, died at hom...

13/06/2024

Merritt Patterson, Christopher Russell to Star in Great American Family's A Vintage Christmas'

Great American Family said that Merritt Patterson and Christopher Russell will s...

13/06/2024

Seedtag Picks Foursquare To Measure Ad Impact On Foot Traffic

Contextual advertising company Seedtag said it has picked Foursquare to help it measure how effective campaign are at generating foot traffic and sales...

13/06/2024

Nielsen Says It Is Interoperable With LiveRamp for Data-Driven Ads

Nielsen said its Big Data-Plus-Panel data set is now interoperable with LiveRamp, enabling media planners to connect first party and third-party data with NIels...