VEON Launches New Network Operations Center in Uzbekistan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Source: Newsfilter
- Network Operations Center Launch: VEON's newly opened Network Operations Center (NOC) in Tashkent will monitor over 5,850 base stations 24/7, ensuring connectivity for 7.7 million users, thereby enhancing user experience and strengthening the company's competitive position in Uzbekistan.
- Security Operations Center Established: Beeline Uzbekistan has also set up a dedicated Security Operations Center (SOC) that monitors cybersecurity threats in real-time, supporting rapid responses to ensure a secure digital environment for customers and partners, further solidifying the company's market position.
- BuildX Company Formation: VEON's BuildX software development and AI company in Tashkent will focus on developing scalable technology solutions, contributing to the growth of Uzbekistan's digital economy, and is expected to attract more international investments while enhancing the local tech ecosystem.
- Commitment to Digital Economy: VEON CEO Kaan Terzioglu stated that the launch of the NOC and BuildX demonstrates the company's commitment to Uzbekistan's digital future, aiming to enhance customer service and business capabilities through advanced digital solutions, thus driving economic growth.
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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 87.50 USD with a low forecast of 75.00 USD and a high forecast of 100.00 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.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 55.720
Low
75.00
Averages
87.50
High
100.00
Current: 55.720
Low
75.00
Averages
87.50
High
100.00
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.
VEON Partners with MindBridge for AI Analytics
- Strategic Collaboration: VEON has partnered with MindBridge to deploy AI analytics tools across its global operations, aiming to enhance standardization and scalability in finance, internal controls, and audits, thereby strengthening its competitive edge in digital services.
- AI Platform Implementation: VEON will adopt MindBridge's Central Insights Factory (CIF) as a group-wide AI-driven platform that analyzes all transactions instead of samples, improving the consistency and efficiency of risk identification and control insights, which promotes transparency in decision-making.
- Market Expansion Potential: The two companies will jointly explore providing AI-powered financial analytics services to business customers and governments, further expanding VEON's digital service portfolio and enhancing its influence across multiple industry markets.
- Support for AI1440 Strategy: This collaboration aligns closely with VEON's AI1440 strategy, aiming to embed augmented intelligence into financial processes to improve decision quality and drive long-term economic value, showcasing the company's commitment to responsible and transparent AI application.
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VEON Partners with MindBridge for AI-Powered Financial Analytics
- Strategic Collaboration Initiated: VEON and MindBridge have formed a partnership to deploy AI analytics tools across global operations, aiming to enhance standardization and scalability in finance, internal controls, and audits, thereby strengthening the company's competitive edge in managing complex data.
- Central Insights Factory Implementation: VEON will adopt MindBridge's Central Insights Factory (CIF) as a group-wide AI platform that analyzes all transactions instead of samples, improving the accuracy and efficiency of risk identification and control insights, ensuring financial transparency and reliable decision-making.
- Support for AI1440 Strategy: This collaboration aligns closely with VEON's AI1440 strategy, aiming to optimize data control processes through embedded augmented intelligence, expanding the digital services portfolio, and ultimately enhancing customer service quality and enterprise decision-making capabilities.
- Building Transparency and Trust: MindBridge's AI platform consolidates all financial transactions into a single source of insights, enhancing visibility across finance, risk, and internal audit, reflecting both companies' shared commitment to applying AI responsibly and transparently.
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