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VEON, a global technology firm with subsidiaries including Kyivstar (a Ukrainian telecommunications provider) and various digital content, DOOH-related, and connectivity/networking companies, has announced its investment in Ukraine rebuilding efforts amounting at $600 million, along with issuing a call to other businesses to invest in the same cause, according to a press release.
The announcement came during the International Ukraine Recovery Conference in London, held June 20-21.
“The past 16 months have shown the world that communications are indeed the lifeline of Ukraine,” Oleksandr Komarov, CEO at Kyivstar, said in the release. “With the dedication of our 4,000-strong team, and the support of our parent company VEON, Kyivstar has been central to Ukraine’s resilience and recovery since the very morning of February 24th, 2022.
“Today’s sizeable investment commitment signifies not only a continuation of our track record, but also an acceleration of our investments. At a time when many others are refraining from making future plans, we proudly commit to ‘building back better’ in partnership with public sector counterparts and other national and international stakeholders. We would like to invite other companies to invest with the same enthusiasm to contribute today to the future [of] Ukraine.”
Related:
VEON’s Kyivstar announces donation for child burn victims in Ukraine | Digital Signage Today
VEON enters final stage of Russia exit | Digital Signage Today
VEON joins GSMA Open Gateway aiming to make telecommunications accessible | Digital Signage Today
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