Sony Pixel Power calrec Sony

VEON and Rakuten to Cooperate in Open RAN and Digital Services to Rebuild Ukraine's Infrastructure

02/08/2023

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
LINK: https://www.veon.com/newsroom/press-releases/veon-and-rakuten-to-coope...
See more stories from vimpel

More from VimpelCom

16/05/2024

VEON 1Q24 Trading Update: Accelerating USD Growth, Strong Operational Execution

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

VEON Publishes Annual Corporate Governance Report for Financial Year 2023

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

VEON and Beeline Kazakhstan Partner with GSMA and Barcelona Supercomputing Centre to Support Use of AI in Local Languages

15 May 2024 VEON and Beeline Kazakhstan Partner with GSMA and Barcelona Superco...

14/05/2024

Tamasha Scores Big with Digital Streaming Rights for ICC Cricket Tournaments in 2024 and 2025

14 May 2024 Tamasha Scores Big with Digital Streaming Rights for ICC Cricket To...

14/05/2024

VEON's Kyivstar Named the Top International Investor in Ukraine in 2022-2023 by Forbes Ukraine

14 May 2024 VEON's Kyivstar Named the Top International Investor in Ukraine...

09/05/2024

VEON's Banglalink Leads 3G Phase-out, Deepening its Focus on 4G

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

Statement on Director Independence Ahead of VEON AGM

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

AI and Big Data Take the Centre Stage in Central Asia at Beetech 2024 Hosted by Beeline Kazakhstan and QazCode

06 May 2024 AI and Big Data Take the Centre Stage in Central Asia at Beetech 20...

26/04/2024

Cricket Finds Its Digital Home in Bangladesh: VEON's Banglalink to Stream ICC Cricket on Toffee

26 Apr 2024 Cricket Finds Its Digital Home in Bangladesh: VEON's Banglalink...

24/04/2024

VEON Announces 2024 AGM and Board Nominees

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

VEON management increases share ownership

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

VEON Pays Back Outstanding Balance and Cancels its Revolving Credit Facility

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

VEON announces sale of stake in Beeline Kyrgyzstan, increasing the focus on its large markets

26 Mar 2024 VEON announces sale of stake in Beeline Kyrgyzstan, increasing the ...

21/03/2024

VEON 4Q23 trading update: Strong organic growth in revenue and EBITDA, solid execution of VEON 2.0 strategy

21 Mar 2024 VEON 4Q23 trading update: Strong organic growth in revenue and EBIT...

18/03/2024

Banglalink Gets Unified Licence to Deliver Superior Digital Services in Bangladesh

18 Mar 2024 Banglalink Gets Unified Licence to Deliver Superior Digital Service...

14/03/2024

VEON appoints PwC as 2023 auditors, provides updates on reporting timelines

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

VEON to Hold Capital Markets Day on June 6, 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

MSCI upgrades VEON to 'AA' ESG Rating

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

VEON announces the issuance of previously authorized shares representing approximately 4.99% of total share capital

01 Mar 2024 VEON announces the issuance of previously authorized shares represe...

29/02/2024

VEON's Kyivstar Awarded Best Mobile Innovation Supporting Emergency or Humanitarian Situations at GLOMOs

29 Feb 2024 VEON's Kyivstar Awarded Best Mobile Innovation Supporting Emer...

27/02/2024

VEON launches ROX, its digital-first brand in Pakistan

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

Rakuten Symphony and Kyivstar Sign Letter of Intent to Deploy Open RAN to Rebuild Ukraine's Digital Infrastructure

26 Feb 2024 Rakuten Symphony and Kyivstar Sign Letter of Intent to Deploy Open ...

21/02/2024

VEON Launches Geolocation Gateway, Enabling Proximity-Based Digital Services

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

Kyivstar and Come Back Alive Raise UAH180M to Demine Ukraine, Reaching Campaign Target

14 Feb 2024 Kyivstar and Come Back Alive Raise UAH180M to Demine Ukraine, Reach...

08/02/2024

VEON's Kyivstar Nominated for the GLOMO in Best Mobile Innovation for Emergency and Humanitarian Connectivity

08 Feb 2024 VEON's Kyivstar Nominated for the GLOMO in Best Mobile Innovat...

06/02/2024

Augmented Intelligence for Disaster Response: Beeline Kazakhstan Mobilises AI to Fight Forest Fires

06 Feb 2024 Augmented Intelligence for Disaster Response: Beeline Kazakhstan Mo...

05/02/2024

VEON and Kyivstar Welcome Former U.S. Secretary of State and Kyivstar Board member Mike Pompeo to Ukraine

05 Feb 2024 VEON and Kyivstar Welcome Former U.S. Secretary of State and Kyivst...

05/02/2024

VEON and Kyivstar set in motion their 600m USD investment plan with Kyiv visit, Mike Pompeo joins the delegation

05 Feb 2024 VEON and Kyivstar set in motion their 600m USD investment plan with...

31/01/2024

VEON and Summit Complete USD 100m Deal for Bangladesh Towers Portfolio

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

Kyivstar Completes Preliminary Assessment of the Financial Impact of the Cyberattack

18 Jan 2024 Kyivstar Completes Preliminary Assessment of the Financial Impact o...

20/12/2023

VEON Presents Digital Operator Success Story at NSR/BCG Investor Conference in New York

20 Dec 2023 VEON Presents Digital Operator Success Story at NSR/BCG Investor Co...

19/12/2023

Kyivstar restores services in all categories, brings 99% of mobile network back on air

19 Dec 2023 Kyivstar restores services in all categories, brings 99% of mobile ...

15/12/2023

Kyivstar restores mobile internet across Ukraine, reactivates international roaming

15 Dec 2023 Kyivstar restores mobile internet across Ukraine, reactivates inter...

14/12/2023

Kyivstar restores voice services across Ukraine, starts the reactivation of mobile data services

14 Dec 2023 Kyivstar restores voice services across Ukraine, starts the reactiv...

13/12/2023

Kyivstar starts restoring voice services on its network following widespread cyber-attack

13 Dec 2023 Kyivstar starts restoring voice services on its network following w...

12/12/2023

Kyivstar Network Targeted by Widespread Cyber Attack

12 Dec 2023 Kyivstar Network Targeted by Widespread Cyber Attack Amsterdam, 12 December 2023 13:45 CET - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a ...

12/12/2023

Kyivstar Provides Update on Cyber-Attack Recovery; Reports Partial Restoration of Connectivity on its Fixed Network

12 Dec 2023 Kyivstar Provides Update on Cyber-Attack Recovery; Reports Partial ...

11/12/2023

VEON's Mobilink Bank Participates in COP28, Emphasizes the Role of Gender Inclusivity in Climate Finance

11 Dec 2023 VEON's Mobilink Bank Participates in COP28, Emphasizes the Role...

04/12/2023

VEON's Kyivstar and Amazon Web Services Sign Memorandum of Cooperation to Support the Development of Ukrainian Businesses

04 Dec 2023 VEON's Kyivstar and Amazon Web Services Sign Memorandum of Coop...

27/11/2023

VEON Recognised for Crisis Response at World Communication Awards 2023

27 Nov 2023 VEON Recognised for Crisis Response at World Communication Awards 2023 Amsterdam, 27 November 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: V...

27/11/2023

VEON Implements New Clawback Policy and Updates Incentive Plans to Enhance Accountability in Compliance with Nasdaq Listing Standards

27 Nov 2023 VEON Implements New Clawback Policy and Updates Incentive Plans to ...

20/11/2023

VEON 3Q23 trading update: raising full-year revenue and EBITDA guidance, return to USD revenue growth, exit from Russia completed

20 Nov 2023 VEON 3Q23 trading update: raising full-year revenue and EBITDA guid...

15/11/2023

Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial Sale of Bangladesh Towers Portfolio

15 Nov 2023 Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial ...

14/11/2023

VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivstar Board of Directors

14 Nov 2023 VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivsta...

31/10/2023

VEON Launches Digital-First Operator OQ in Uzbekistan

31 Oct 2023 VEON Launches Digital-First Operator OQ in Uzbekistan New brand targets digital natives with integrated media and entertainment services Amsterda...

30/10/2023

VEON files motion with Kyiv Court challenging the freezing of corporate rights in Kyivstar

30 Oct 2023 VEON files motion with Kyiv Court challenging the freezing of corpo...

23/10/2023

VEON Group Board and Management Delegation Visit Ukraine, Highlighting Commitment to the Country's Future

23 Oct 2023 VEON Group Board and Management Delegation Visit Ukraine, Highlight...

20/10/2023

VEON issues CEO Letter to Investors on Group Financial Position, Reinstatement of Analyst Coverage and Unrestricted Trading

20 Oct 2023 VEON issues CEO Letter to Investors on Group Financial Position, Re...

12/10/2023

VEON is the sole and rightful owner of Kyivstar

12 Oct 2023 VEON is the sole and rightful owner of Kyivstar Company responds to speculation about Kyivstar Amsterdam, 12 October 2023 - VEON Ltd. (NASDAQ: VE...

09/10/2023

VEON closes the sale of its Russia operations, completes its exit from Russia

09 Oct 2023 VEON closes the sale of its Russia operations, completes its exit from Russia Amsterdam, 09 October 2023, 15:15 CET - VEON Ltd. (NASDAQ: VEON, Euro...