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Stock impact report

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

VEON Ltd. - American Depositary Shares (VEON) 
US:NASDAQ Investor Relations: veon.com/investor-relations
Company Research Source: GlobeNewswire
  Companies intend to take the first steps in implementation in 2024 Barcelona, February 26, 2024 – VEON, (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that its wholly-owned subsidiary Kyivstar and Rakuten Symphony, a subsidiary of the leading internet services company Rakuten Group have signed of a Letter of Intent (LoI) that confirms Kyivstar’s interest in procuring and deploying Rakuten Symphony's Open Radio Access Network (Open RAN) technology in its network. The LoI confirms Kyivstar’s intent to use Rakuten’s Open RAN and 5G technologies to help rebuild Ukraine's digital infrastructure, reinforcing both companies’ commitment to supporting Ukraine’s recovery and reconstruction. The companies intend to take the first steps in the implementation of their cooperation within 2024. Kyivstar and Rakuten Symphony are currently collaborating to define the scope of th Show less Read more
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