VEON Group CEO Kaan Terziolu inaugurates US$8 million Jazz Digital Park

24 Jan 2022

VEON Group CEO Kaan Terzio lu inaugurates US$8 million Jazz Digital Park Islamabad - January 24, 2022: VEON Group CEO, Kaan Terzio lu today inaugurated the Jazz Digital Park (JDP) that was established with an investment of over US$ 8 million made by Jazz. Located in Islamabad, JDP will accelerate the country's digital transformation ambition by significantly improving the existing level of IT services being provided to various sectors.

With a current capacity of more than 300 racks, expandable up to 450 racks, and a 3-megawatt power infrastructure, JDP is Pakistan's largest Telecommunications Industry Association (TIA) Tier-III certified data center in terms of white space and power capacity. Jazz will use this digital park to offer secure IT infrastructure and hardware hosting facilities to businesses as well as local startups. JDP will also be hosting the new cloud platform soon to be launched by Jazz. The onshore cloud will be a significant step in ensuring that data created in Pakistan is hosted within the country.

Speaking at the inauguration, Kaan Terzio lu said, Through our leadership position in Pakistan and our global expertise, we are focused on helping create a flourishing digital ecosystem in Pakistan. Jazz Digital Park will serve as a key enabler of our digital operator strategy and is in line with our mission to simplify digital infrastructure challenges for local and regional enterprises.

According to Aamir Ibrahim, CEO, Jazz, Since the pandemic and the subsequent acceleration to digital platforms, businesses across various sectors are re-assessing their cloud adoption strategies and cloud readiness. The Jazz Digital Park represents a historic milestone for the country's ICT industry as it is expected to simplify digital infrastructure challenges local businesses face. This facility is at the heart of our business strategy and validates our commitment to our customers as they continue their digital transformation journey.

Jazz also plans to facilitate the Pakistani startup ecosystem by offering cloud computing credits under its premium startup accelerator programme at the National Incubation Center. The cloud infrastructure will help reduce the entry barrier for upcoming Pakistani startups, and is also expected to also enable the existing startups to accelerate their growth.

Jazz Digital Park provides one of the largest IT capacities, enabling businesses, including service providers to co-locate their critical IT infrastructure. It is equipped with four-directional fiber connectivity, 100 per cent. redundancy for all power and cooling systems and a Performance Optimised Data Center solution to reduce its carbon footprint. These state-of-the-art features fulfill all operational requirements for a business to run, including 24/7 customer service, security, and system backups.

Image caption:

Khalid Shehzad, Chief Technology Officer, Jazz; Kaan Terzio lu, VEON Group CEO; Aamir Ibrahim, CEO, Jazz inaugurating the countrys largest data center, Jazz Digital Park

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and digital services. Our companies are transforming lifestyles through technology-driven services that empower opportunity in some of the world's fastest-growing emerging markets. For more information, visit: https://www.veon.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, the potential benefits of the appointment described above. 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. 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

VEON

Group Communications Director

Marina Levina

PR@veon.com

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