VEON and OneWeb Partner to Deliver Seamless Communication and Digital Services
March 01 2023 - 6:01AM
VEON and OneWeb Partner to Deliver Seamless Communication and
Digital Services
MWC, Barcelona, 1 March 2023: VEON Ltd.
(NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator
that provides converged connectivity and online services, and
OneWeb, the low Earth orbit (LEO) satellite communications company,
announced today at the Mobile World Congress that they are
partnering to provide extended mobile internet connectivity and
digital services in emerging markets.
VEON Group’s operating companies serve a vast geography that is
home to more than 510 million people, including countries that have
some of the lowest population densities in the world, uneven
population distribution, internal migration patterns, rich economic
resources in remote areas and disaster-prone regions. OneWeb
partnership will further support VEON Group’s “4G for all” and
“humanitarian connectivity” focus, which has seen VEON’s operating
companies significantly increase their 4G coverage over the past 2
years, bridge the digital divide for millions of users, respond to
disasters and unlock economic growth in their markets.
OneWeb’s LEO network has substantive capabilities to deliver
high-speed, low-latency connectivity to governments, businesses and
communities. To-date, the business has launched 544 satellites into
orbit, 80 per cent of its satellite constellation, which will
deliver global coverage when completed in 2023. OneWeb’s services
work seamlessly with mobile communication infrastructure to enable
satellite backhaul to be integrated into mobile networks. OneWeb
additionally enables operators to expand 3G, 4G, LTE, and 5G
networks into underserved or unconnected communities, particularly
those in hard-to-reach places.
“We have always stated that our focus is ‘4G for all’ and that
mobile communication is an essential service. Our partnership with
OneWeb enables us to ensure that the continuity of this essential
service can be secured everywhere, providing access to seamless
connectivity and digital services, supporting resilience, and
enabling growth.” explains Kaan Terzioglu, CEO of VEON Group. “We
are excited to explore the possibilities this partnership will
bring, from emergency connectivity in disaster response to enabling
economic activity in remote regions, and to serving rural areas
with mobile education, healthcare and financial services,
complementing terrestrial connectivity.”
Neil Masterson, CEO of OneWeb, added: “OneWeb and VEON have a
shared mission: to expand reliable, affordable and high-speed
connectivity services to the places that need it most. With this
partnership we can support the development of telecoms and digital
infrastructure in emerging markets, working with VEON to ensure the
essential roll-out of mobile connectivity. We look forward to
capitalising on the potential that this partnership has for the
customers and communities we serve, while ensuring that OneWeb
remains the partner of choice for telco operators globally.”
About VEONVEON is a global digital
operator that currently provides converged connectivity and online
services to over 200 million customers in seven 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 8% of the
world’s population. Headquartered in Amsterdam, VEON is listed on
NASDAQ and Euronext. For more information visit:
https://www.veon.com.
About OneWebOneWeb is a global
communications network powered from space, headquartered in London,
enabling connectivity for governments, businesses, and communities.
It is implementing a constellation of Low Earth Orbit satellites
with a network of global gateway stations and a range of user
terminals to provide an affordable, fast, high-bandwidth and
low-latency communications service, connected to the IoT future and
a pathway to 5G for everyone, everywhere. Find out more at
http://www.oneweb.world
DisclaimerThis 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 partnership
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.
There can be no assurance that the transactions referred to above
will be successfully completed or that requisite approvals for
these transactions will be received. Elements of this press release
contain or may contain “inside information” as defined under the
Market Abuse Regulation (EU) No. 596/2014.
Contact information
For VEON:Anna Ivanova-Galitsinapr@veon.com
Julian TannerJulian.tanner@tuvapartners.com
For OneWeb:UK, Europe, MENA, APACTabitha
Aldrich-SmithTaldrich-smith@oneweb.net
USA, Latin America, CanadaKatie Dowd kdowd@oneweb.net
FGS Global oneweb-lon@fgsglobal.com
- VEON and OneWeb Partner to Deliver Seamless Communication and
Digital Services
VEON (EU:VEON)
Historical Stock Chart
From Apr 2024 to May 2024
VEON (EU:VEON)
Historical Stock Chart
From May 2023 to May 2024