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VEON announces the sale of its Russian tower assets for $970 million



Amsterdam, 6 September 2021 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announced that it has reached agreement to sell its mobile network towers in Russia to Service-Telecom for a total
consideration of $970million. Service-Telecom is a well-known partner to PJSC
VimpelCom, which operates in Russia under the Beeline brand, and already
provides the company with passive infrastructure across various regions in

The sale reflects VEON’s continued focus on active portfolio management and
the pursuit of opportunities to realise the value of its infrastructure
portfolio. With over 50,000 towers across nine dynamic markets, it is one of
the industry’s largest.  

The transaction involves the sale of 100 percent of National Tower Company
(“NTC”), a subsidiary of VEON, which operates a portfolio of approximately
15,400 mobile network towers in Russia. All of the active
mobile network infrastructure currently operated by PJSC VimpelCom and the
majority of the rooftop towers will remain with the company.

Under the terms of the deal, PJSC VimpelCom and Service-Telecom have entered
into a long-term master agreement regarding the provision of tower
infrastructure services for an initial period of 8 years, and multiple
extensions of 8 years at the discretion of PJSC VimpelCom. Both parties will
additionally enter into a new build-to-suit program comprising of up to 5,000
sites by 2029. 

The master agreement provides a framework for a long-term strategic
partnership with Service-Telecom to pursue investments in network roll-out and
upgrade, and share the benefits from potential future infrastructure market
consolidation in Russia. The agreement also provides Beeline with strict
service commitments and protections enabling Beeline to place an even greater
focus on ongoing strategic initiatives and improve the quality of mobile
services for its customers.

The purchase price for the transaction of RUB70.65bn (USD970m equivalent)
corresponds to an EV/EBITDA multiple of 11.7x 2021 based on projected EBITDA of
NTC post-completion.

The transaction is subject to customary regulatory approvals and closing is
expected to take place in the fourth quarter of 2021. 

Commenting on the transaction, Kaan Terzioglu, VEON’s Chief Executive
Officer, said: “Today’s transaction is a major step forward in realising the
value of VEON’s infrastructure portfolio for our shareholders. By entering into
a long-term partnership with a strong, experienced counterparty in Russia,
Beeline will enjoy the operational and financial flexibility to serve its
customers with market-leading services through one of the nation’s largest and
most technologically-advanced mobile networks. Moreover, this transaction
allows to release the capital to deleverage VEON’s balance sheet and invest in
critical aspects of active network and digital opportunities while achieving
more financial flexibility.”

Service-Telecom CEO Nikolay Berdin noted: “The agreement reached with VEON
is a key achievement for Service-Telecom on its way to becoming a leading
telecommunication infrastructure operator in Russia. With PJSC VimpelCom as our
partner, we expect to drive sustainable long-term growth in Russia while
constructing the infrastructure backbone of the digital economy and helping to
enhance mobile broadband connectivity for consumers.”


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 potential benefits of the transaction
described above. 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. Furthermore,
elements of this release contain or may contain, “inside information” as
defined under the Market Abuse Regulation (EU) No. 596/2014.

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of
connectivity and internet services. 

For more information visit: www.veon.com.

We’re a diverse group of industry professionals from all corners of the world. Our desire is to provide a high-quality telecoms publication that caters to an international market, offering the latest and most relevant telecoms information to businesses, entrepreneurs and enthusiasts.

Press Releases

VEON’s Beeline wins three Ookla Speedtest awards for its mobile network in Uzbekistan



VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announced on September 15, that its operating company in Uzbekistan, Beeline, has received three awards from Ookla Speedtest for the quality, speed and breadth of its mobile network in the country. 

Beeline Uzbekistan won awards in the three categories of Best Mobile Network, Fastest Mobile Network and Best Mobile Coverage based on the performance on its networks in the first half of 2021.  

Ookla, a global leader in mobile and broadband network intelligence, testing applications and related technologies, compared more than 160,000 user-initiated tests conducted via Speedtest to determine the speed and quality of mobile networks across Uzbekistan. 

For providing the fastest and most widely available mobile network in Uzbekistan Beeline was awarded Best Mobile Network by Ookla for the first six months of 2021. The results reflect Beeline’s accelerated investment in its 4G network in Uzbekistan, which at the end of the second quarter of 2021 was taken by 54 percent its customers, up from 39 percent in 2Q20. 

“This news comes as a great gift for company’s 15th anniversary, which we celebrate this year”, said Andrzej Malinowski, CEO of Beeline Uzbekistan.

“We have done a great deal to provide the best quality and the fastest internet across the country. During the pandemic last year, when the network load increased sharply with the customers’ shift to a remote working, we accelerated the pace of network construction and modernisation throughout the country. And we’ve kept up the pace of network development in 2021 as well. We are extremely pleased to see these achievements recognised by Ookla Speedtest and assure our customers they can always rely on us,” he added.

Beeline Uzbekistan’s data users continue to grow as Beeline expands its range of new digital services. Data use increased by 53 percent in the 12 months to the end of 2Q21, driving a 27 percent rise in local currency data revenue.

Since the start of 2021, Beeline has launched and modernized over 1300 base stations, more than 870 of which are 4G. Particular emphasis is being given to providing network access to remote locations, particularly in Fergana valley and the Tashkent region, where Beeline’s high-speed networks are supporting the active economic development of these areas. 

Full details of Ookla Speedtest data and results are available on Ookla’s website.   

About VEON  

 VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and digital services. 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 Speedtest® by Ookla® 

Speedtest® by Ookla® is the definitive way to test the speed and performance of your internet connection. Every day, over ten million unique tests are actively initiated by our users in the locations and at the times when their connectivity matters to them. Since our founding in 2006, an unparalleled total of more than 37 billion tests have been taken with Speedtest.  

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Press Releases

Monty Mobile’s Story RBT



Monty Mobile Story RBT

Telecoms’ operators are on a mission to show their endorsement to platforms driven towards online videos and stories via its latest innovation, Story RBT.

During 2020, an approximate 80 percent of the world’s internet traffic switched their attention towards platforms that provide one of our days’ most strived for services, online videos and stories.

With Monty Mobile, operators are maintaining their focus on giving their upmost support to such platforms by supporting and supplying subscribers with essential video and digital services to stay up to date with the latest over-the-top (OTT) competition. By delivering these OTT services, Monty’s operatives will provide individual consumers with appropriate tools that best suit their requirements.

The first stone into entertainment and multimedia has been laid out.

After establishing its market control for almost 10 years, audio Ring Back Tone (RBT) can now exercise its power by bestowing Monty Mobile’s subscribers with the appropriate means to access multimedia and entertainment.

Typically, RBT, offered by Telecom operators, enables subscribers to have complete freedom in setting music or personalized recorded sounds as ring back tones.

For Monty Mobile subscribers, the company has given its user base the ultimate freedom to personalize their call experience through RBT Story. It will grant callers with the choice to enable the video feature, which will permit subscribers to indulge in watching a video while receiving a phone call, thus, substituting the conventional and old-fashioned Audio RBT.

As the world continues to decipher pioneering ways of staying connected, merging customizable videos and audio content will give subscribers a brand-new approach of interacting with audience on social media through one of the most adopted Social Media features.

By accessing Story RBT’s personal library, end-users can pick and choose from a broad range of video clips or pictures, or even move further to producing customizable video and stories to be implemented as a Video Ring Back Tone. This functionality will feed users’ creativity with the right tools to express themselves in the upmost individualistic manner.

The service offers mobile subscribers prosperous multimedia options while laying out accessible and effortless management services. This includes Interactive Voice Response (IVR), Unstructured Supplementary Services Data (USSD), SMS, Mobile Application and Web Portal.

Monty Mobile’s Story RBT platform will extend its line of services to supplying its userbase with the required tools to personalize and improve their content such as filters, colors stickers, text, captions, and filters. Subscribers have the absolute autonomy in producing any type of content to use for their callers, from photos to short video clips.

The process goes as following: once the call is assigned, the personalized video clip will appear on the recipient’s screen until the call is answered by the calling subscriber.

This will ensure untapped revenue and high Return on Information (ROI) for Monty’s operators while boosting average revenues per unit (ARPU) leading to consumers’ satisfactory and loyalty.

Give your subscribers the opportunity to capture and seize precious moments with Monty Mobile’s unique customizable video and more.

Learn more about Story RBT here.

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Press Releases

Monty Mobile’s Show ID



Show ID Monty Mobile

Monty Mobile is on a quest to provide its userbase with the right tools to carry out control over mobile services, while meeting and exceeding any form of basic services.

With the Show ID application, all calls conducted with contacts and companies will be synchronized, registering all calls made or received on the app.

Show ID provides mobile subscribers with the ability to identify callers’ identity, determine a preferred method to manage calls, and refrain from receiving or accepting unwanted calls. It offers subscribers the power to secure calls, identify which company or organization is reaching out, and directly block nuisance calls.


With the app’s easy to use approach, users can download the app on their Android or iOS devices through their available app store.

Users can access the app’s services by filling in the needed registration information such as phone number, which will reveal a Permission Notification Template, followed by a One Time Password (OTP) sent as an SMS.

Following basic registration steps, users will finalize the process by uploading an image, filling in the name, title, and about me tab.

Current Service Features

Search Engine/Homepage

Show ID’s call detection feature varies from current detection features for telephone carriers.

Through this function, subscribers will achieve the highest level of security by enforcing full control in detecting caller’s ID by name or number within its database. This will help restore subscribers’ trust in phone calls and fulfill Monty Mobile’s vision of delivering trustworthy communications solutions to all users.

In parallel, call detection features will be based on two main factors: caller location and profession. Any generated search will display the number’s central information, such as profile photo, full name or industry, number, location, profession, biography, and ratings.

To block certain contacts, the application permits users to block chosen contacts by selecting “settings” at the right top of the page. This will deliver the freedom to reject any calls from previously blocked numbers, giving subscribers full authority over who to receive calls from.

Also, subscribers can invite unregistered contacts via the invite tab and block unregistered contacts through the app’s block feature.


In addition to the app’s multi diverse functions, Show ID’s rating function gives users the ability to check number’s ratings, and engage in commenting and liking the displayed rating.


As part of Monty Mobile’s vision to deliver secure telecommunication services, users are offered an instant contact identification by clicking on the contact list. This will display users’ phone book with their contact list.

Subscribers can acquire the necessary data about any contact of their choice – only if the contact is registered in Show ID database.

Investigated numbers’ information incorporates the numbers’ full name – as registered in Show ID – contact’s name as saved on the device, location, profession, biography, and rating.

By choosing Show ID, the contact list will not be restricted by inside-app users only.

After selecting the invite button, subscribers can publicize their personal contact list by sending invitations to a contact of their choice, which will direct an invite to join the app via SMS.

Edit profile

With all the security features incorporated in the application, Show ID also consists of an assortment of benefits with the sole aim to deliver an advanced experience to provide users with full control over the displayed profile. 

This gives subscribers complete power over their profile’s appearance by allowing them to customize it to their liking. This includes options such as blocked, privacy policy, contact us, and log out, as well as changing their profile display.

As well as controlling the profile’s appearance, subscribers have the option of modifying their name, title, about me section, location, and occupation whenever preferred.


By clicking on “Blocked List,” users can locate and refer to any number on the list – by doing so, it enables accessing any number blocked by the app.

Privacy Policy

As privacy is one of the key factors in securing subscribers’ data, Monty Mobile integrated a bundle of privacy guidelines in its “Privacy Policy” section.

This concerns personal information collected across the application, which can be influenced by users’ interaction with the app.

Contact Us

In case subscribers are confronted with a problem, they can contact the app’s support team for assistance.

All that is required is to fill out the personal information section – name, phone number, and email address – preceded by a message notifying the app’s team of the obstacle.


In addition to providing subscribers with various security features, the app includes further benefits to generate to users the best experience they can have, such as edit profile, blocked, privacy policy, contact us, and finally log out. 

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