VEON’s Kyivstar Acquires New Spectrum, Investing UAH 1.4 Billion in Ukraine’s Economy
VEON Ltd. - American Depositary Shares (VEON)
US:NASDAQ Investor Relations:
veon.com/investor-relations
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Source: GlobeNewswire
Amsterdam, Dubai and Kyiv, 20 November 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Group”), announces that its wholly-owned subsidiary in Ukraine, Kyivstar, has successfully acquired 2x5 MHz spectrum in the 2100 MHz band and 40 MHz spectrum in the 2300 MHz band at an auction held by Ukraine’s National Commission for State Regulation of Electronic Communications, Radio Frequency Spectrum, and Postal Services (NCEC). Kyivstar will invest UAH 1.43 billion (c. 34 million USD1) in the Ukrainian economy through this spectrum acquisition. With this new acquisition, Kyivstar will boost its total spectrum holding from 152 MHz to 202 MHz, enabling it to retain the leading position among all private operators in Ukraine in terms of total amount of available spectrum. "We have consistently stated that the time to invest in Ukraine is now, and have committed 1 billion USD in investments through 2027. Today's spectrum acquisition is further
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- Kyivstar and Jazz Secure Double Win for VEON at The World Communication Awards 2024GlobeNewswire
- Kazakh Language Gets its National LLM with a Groundbreaking Partnership of Kazakh Research Institutions and VEON's QazCode [Yahoo! Finance]Yahoo! Finance
VEON
Sec Filings
- 12/19/24 - Form 6-K
- 12/13/24 - Form 6-K
- 12/9/24 - Form 6-K
- VEON's page on the SEC website