VEON’s Kyivstar Extends Energy Resilience of Network
July 17 2024 - 3:00AM
UK Regulatory
VEON’s Kyivstar Extends Energy Resilience of Network
Kyivstar addresses power blackouts with
industrial-grade generator fleet
Amsterdam and Kyiv, 17 July
2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON),
a global digital operator that provides converged connectivity and
online services, announces that its wholly owned subsidiary
Kyivstar continues to invest in resilient connectivity for Ukraine,
with plans to deploy and additional 848 industrial generators and
61,766 batteries to enable service continuity during the extended
blackouts caused by attacks on Ukraine’s energy infrastructure.
From the outset of the war, resilience has been
a major focus of Kyivstar’s strategy to maintain crucial
communication services and safeguard digital operations. Kyivstar
has deployed 2,322 generators and 115,000 four-hour duration
batteries at base stations to provide backup power during
blackouts. Today’s announcement that Kyivstar plans to deploy an
additional 848 stationary industrial generators and 61,766 new
batteries is a further investment building on the earlier efforts
to support the business continuity of the operator’s network.
"Energy resilience and preparedness against
blackouts have been at the centre of our investment priorities
since the end of 2022. Consistent and significant investment of
over USD 24 million over the last two years has helped us improve
energy resilience. However, the changing nature of threats to
Ukraine’s energy infrastructure and extended blackouts now
necessitate a reinforcement in our strategy. This second wave of
focus on energy resilience will enable Kyivstar to support critical
connectivity with even further resources dedicated to energy
resilience," explains Oleksandr Komarov, CEO of
Kyivstar.
The power backup systems will be deployed
throughout the country, including at critical facilities that
require at least three days of generating capacity in the event of
a comprehensive power outage.
VEON and Kyivstar, which was recently named
Ukraine’s largest foreign investor in 2022 and 2023 by Forbes
Ukraine, announced their commitment to invest USD 1 billion in
Ukraine over a five-year period from 2023 to 2027 at the Ukraine
Recovery Conference in Belin. Kyivstar was recognised at MWC 2024
with the GSMA’s Global Mobile Award for “Best Mobile Innovation
Supporting Emergency or Humanitarian Situations” for its Network
Resilience Project that has overcome significant challenges to keep
Ukraine connected through voice, data and digital services.
About Kyivstar
Kyivstar is the largest telecommunications operator in Ukraine with
24 million mobile subscribers and over 1.1 million home internet
subscribers. As Ukraine’s market-leading operator, Kyivstar
maintained network availability above the 90% level on average
throughout the past two years, supporting the connectivity of not
only its own customers but also the broader Ukrainian population.
Kyivstar is 100% owned by the international VEON Group.
About VEON
VEON is a digital operator that provides converged connectivity and
digital services to nearly 160 million customers. Operating
across six countries that are home to more than 7% of the world’s
population, VEON is transforming lives through technology-driven
services that empower individuals and drive economic growth.
Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext.
For more information visit: www.veon.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 digital products, commercial plans and partnerships.
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.
Contact Information
VEON
Hande Asik
Group Director of Communication
pr@veon.com
TUVA Partners
Julian Tanner
Julian.tanner@tuvapartners.com
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