VEON and Rakuten Sign MoU for Next-Gen Connectivity in Kazakhstan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Globenewswire
- Strategic Collaboration Framework: VEON's Beeline Kazakhstan and Rakuten Symphony have signed a Memorandum of Understanding to explore strategic collaboration on next-generation connectivity, digital services, and cloud-native network infrastructure, driving the evolution of modern telecom networks.
- Deepening Technology Areas: The parties will assess opportunities for collaboration in priority technology areas such as Open RAN architectures, AI network intelligence, next-generation digital platforms, and cloud solutions, thereby enhancing digital service capabilities and infrastructure modernization in Kazakhstan.
- Market Leadership Position: Beeline Kazakhstan serves 11.9 million mobile users and around one million fixed internet users, and through this collaboration, it aims to further solidify its leadership position in the Kazakh market while expanding its digital ecosystem.
- Combining Global Innovation Capabilities: This partnership not only showcases Rakuten's global innovation capabilities in cloud-native networks and open architectures but also aims to leverage Beeline's local expertise to unlock new opportunities for Kazakhstan's digital ecosystem.
VEON
$52.7+Infinity%1D
Analyst Views on VEON
Wall Street analysts forecast VEON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VEON is 76.00 USD with a low forecast of 75.00 USD and a high forecast of 78.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 51.500
Low
75.00
Averages
76.00
High
78.00
Current: 51.500
Low
75.00
Averages
76.00
High
78.00
About VEON
VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporates and individuals. The Company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. Mobile telecommunications services are provided under contract and prepaid plans for corporate and consumer segments, as well as value-added services. It also offers fixed-line telecommunication services, such as voice, data, and Internet services, as well as data transmission and network access, domestic and international voice termination, and international transit services for corporations, operators, and consumers. The Company also sells equipment, infrastructure, and accessories. Its services are offered in Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, and Kyrgyzstan. The Company provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
