24 May 2016
Djezzy awarded license to provide 4G/LTE services in Algeria Amsterdam (24 May 2016) - VimpelCom Ltd. (NASDAQ: VIP) and Global Telecom Holding S.A.E. (GTH) (EGX: GTHE, LSE: GLTD) today announce that Djezzy, their market-leading subsidiary in Algeria, has been awarded one of three licenses to provide 4G/LTE services in the country.
We are proud that Djezzy has been granted the license to provide high-speed 4G/LTE services to our customers in Algeria and we look forward to the rollout in the summer of 2016. Algeria is a key market for VimpelCom and GTH and we are pleased to play a role in the further development of the country's digital economy, said Jon Eddy, VimpelCom Head of Emerging Markets and Chairman of GTH.
VimpelCom has extensive expertise in the 4G/LTE field following its rollout in other VimpelCom markets such as Italy and Russia and we look forward to carrying this experience through to the Algerian market, Jon added.
Vincenzo Nesci, Executive Chairman of Djezzy and CEO of GTH, said: This is an excellent opportunity for Djezzy, as the leading operator in Algeria, to spearhead the development and implementation of such sophisticated technology in Algeria. It will facilitate further digital inclusion for our 17 million customers with the launch of new services and offers.
The 4G/LTE license is another example of Djezzy's successful partnership with the Algerian Fonds National d'Investissement (FNI). We thank the Minister of Post and Information and Communication Technologies of Algeria for having concluded the process so swiftly and for opening the door to further development of Algeria's digital economy, Vincenzo added.
Djezzy has the largest network in Algeria with the widest coverage and is investing significantly to upgrade its networks further. This includes modernizing 2G services and completing the full deployment of 3G in all 48 of Algeria's provinces by the end of 2016.
About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services, with the ambition to lead the personal internet revolution for over 235 million customers it currently serves, and many others in the years to come.
Follow us on Twitter @veondigital, visit our blog blog.veon.com or go to our website www.veon.com.
Disclaimer
VEON considers portions of this press release to contain 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 can be identified by the use of words such as may, will, plan, should, expect, anticipate, estimate, continue or comparable terminology and include statements relating to, among other things, the development of VEON's compliance function. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. Although VEON believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that such expectations will be achieved. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements as a result of risks and uncertainties. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. Furthermore, elements of this release contain, or may contain, inside information as defined under the Market Abuse Regulation (EU) No. 596/2014.
Contact Information
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ir@veon.com
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pr@veon.com
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24 May 2016
