VEON Partners with Amdocs for New Digital Services for Uzbekistan and Kazakhstan
27 October 2021 - 4:48AM
Amdocs (NASDAQ: DOX), a leading provider of software and
services to communications and media companies, and VEON Ltd
(NASDAQ and Euronext Amsterdam: VEON), a leading global provider of
connectivity and internet services, announce that they have signed
a seven-year agreement that will enable innovative digital services
for VEON customers in Uzbekistan and Kazakhstan.
The agreement is expected to lay the foundation for VEON's
Beeline mobile operators
in Uzbekistan and Kazakhstan to launch
transformational digital services and personalised experiences.
This will happen by deploying Amdocs's microservices-based
monetisation and commerce suites, using technology based on
cloud-ready architecture.
VEON Group companies, through their unique digital operator
strategies, serve their consumer (B2C) and enterprise (B2B)
customers with advanced financial, entertainment and data
analytics-based services. As of 30 June 2021, VEON
Group, operating in 9 countries with 213.7 million subscribers
served 18.8 million users with digital content and 19.4 million
with digital financial services, while supporting tens of thousands
of merchants by helping them to digitalise their customer reach and
services. VEON Group companies also reach a total of 28
million mobile users through self-care mobile apps.
"VEON is embarking on a journey to be a world-leading digital
operator," explains Kaan Terzioglu, CEO of VEON Group. "The
ability to innovate, provision and adapt the digital services we
can offer our customers is at the core of this journey.
Amdocs is a long-term trusted partner of VEON and will accompany us
on our way to digital innovation. This agreement will give us
the business agility and IT velocity we need in our digital
operator transformation."
"We are delighted to expand our long-term relationship with the
VEON Group for the benefit of their customers
in Uzbekistan and Kazakhstan," says Shuky
Sheffer, President and CEO of Amdocs Management Limited, "The
seamless introduction of new digital services, with fast time to
market and personalised experiences, will enable consumers in these
markets to take advantage of the next-generation of communication
and media experiences, as well as lay the foundations for future
growth and innovation."
Under the agreement, Amdocs will provide new monetisation,
service and network automation solutions, catalogue management,
commerce and care systems, as well as enable new multi-channel
front ends for digital services.
Uzbekistan and Kazakhstan represent fast growing
markets for VEON under the Beeline brand. As of 30 June
2021, of VEON's 6.7 million customers in Uzbekistan, over 56%
are 4G subscribers with access to digital services, while
in Kazakhstan over 58% of its 10 million customers use 4G
services.
About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and digital services serving nine countries, which
together are home to 9% of the world's population. Our
companies are transforming lifestyles through technology-driven
services that empower opportunity in some of the world's
fastest-growing emerging markets.
For more information, visit: https://www.veon.com
About Amdocs
Amdocs helps those who build the future to make it amazing. With
our market-leading portfolio of software products and services, we
unlock our customers' innovative potential, empowering them to
provide next-generation communication and media experiences for
both the individual end user and enterprise customers. Our 27,000
employees around the globe are here to accelerate service
providers' migration to the cloud, enable them to differentiate in
the 5G era, and digitalize and automate their operations. Listed on
the NASDAQ Global Select Market, Amdocs had revenue of $4.2
billion in fiscal 2020.
For more information, visit Amdocs at www.amdocs.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, expectations regarding the benefits of VEON's partnership
with Amdocs for the provision of new digital services
in Uzbekistan and Kazakhstan. 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.
VEONCommunications & Investor
Relations Nik Kershaw ir@veon.com +31 20 79 77
200
Media contactsAlex BrooksTUVA Partners PR for
VEONTel: +44 (0)7900 205
460E-mail: veon@tuvapartners.com / alex.brooks@tuvapartners.com
Holly AbbottBabel PR for AmdocsTel: +44 (0)7527
521057E-mail: amdocs@babelpr.com / holly.abbott@babelpr.com
Amdocs (NASDAQ:DOX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Amdocs (NASDAQ:DOX)
Historical Stock Chart
From Jul 2023 to Jul 2024