Announcing its investment commitment, the company referred to the future 5G roll-out in Ukraine, for which Open RAN technologies are a compelling choice. 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. Kaan Terzioğlu, 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.

The two companies will also explore partnerships in other VEON markets. 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. 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. 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. (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.

VEON and Rakuten to Cooperate in Open RAN and Digital Services to Rebuild Ukraine’s InfrastructureĪmsterdam, 2 August 2023 - VEON Ltd.

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