Beeline Uzbekistan will become a major tenant at DataVolt's Tashkent data center, enhancing local digital infrastructure.
Quiver AI Summary
Beeline Uzbekistan, a part of VEON Ltd., has signed two memorandums of understanding (MoUs) with DataVolt during the Tashkent International Investment Forum to enhance Uzbekistan's digital infrastructure. The first MoU confirms Beeline's role as a significant tenant at DataVolt's Tashkent IT Park data center, TAS-1, enabling Beeline to bolster its digital services through localized data processing and improved customer experiences. The second, non-binding MoU aims to explore collaboration on a potential data center in Bukhara, further supporting Uzbekistan's goal of becoming a digital hub in Central Asia. This partnership aligns with the Uzbek government’s Digital Uzbekistan 2030 Strategy, responding to surging demand for cloud computing and AI services while promoting data localization and innovation in the region.
Potential Positives
- Beeline Uzbekistan has secured access to significant capacity as a major tenant at DataVolt's advanced Tashkent IT Park data center, enhancing its digital services portfolio.
- The partnerships support Uzbekistan's Digital Uzbekistan 2030 Strategy, aligning with government initiatives to boost digital infrastructure and position the country as a regional digital hub.
- The agreements are expected to increase access to cloud and AI services, strengthen data localization capabilities, and promote economic growth in Uzbekistan.
- The collaboration reflects a strong commitment to invest in and develop local digital infrastructure, contributing to Uzbekistan's ambition to become a leading digital hub in Central Asia.
Potential Negatives
- Beeline Uzbekistan's commitment to becoming a major tenant at DataVolt's data center may suggest a significant dependency on third-party infrastructure, which could raise concerns about operational control and reliability.
- The reliance on non-binding MoUs for potential future projects raises questions about the certainty and timeliness of planned expansions in digital infrastructure.
- The details regarding the financial terms and the expected impact on VEON's financial performance from these agreements are not disclosed, leading to uncertainty for investors.
FAQ
What is the significance of the MoUs between Beeline Uzbekistan and DataVolt?
The MoUs aim to develop Uzbekistan's digital infrastructure and support its goal of becoming a regional digital hub.
How will Beeline Uzbekistan benefit from the partnership with DataVolt?
Beeline will secure substantial capacity at DataVolt's Tashkent IT Park data center, enhancing its digital services and local data processing.
What are the long-term goals of Beeline Uzbekistan and DataVolt's collaboration?
The collaboration aims to promote AI services, digital innovation, and strengthen Uzbekistan's position as a leading digital hub in Central Asia.
How does this partnership align with Uzbekistan's government strategy?
The agreements support the Digital Uzbekistan 2030 Strategy, addressing the growing demand for cloud computing and digital services in the region.
What role does DataVolt play in this initiative?
DataVolt focuses on developing world-class data center infrastructure, integrating renewable energy solutions, and enhancing sustainability and scalability for digital operations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VEON Hedge Fund Activity
We have seen 42 institutional investors add shares of $VEON stock to their portfolio, and 63 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VR ADVISORY SERVICES LTD added 293,481 shares (+293.0%) to their portfolio in Q1 2026, for an estimated $13,588,170
- HELIKON INVESTMENTS LTD removed 168,416 shares (-32.8%) from their portfolio in Q4 2025, for an estimated $8,853,629
- MORGAN STANLEY added 111,685 shares (+17.0%) to their portfolio in Q1 2026, for an estimated $5,171,015
- MILLENNIUM MANAGEMENT LLC removed 108,862 shares (-79.6%) from their portfolio in Q1 2026, for an estimated $5,040,310
- PICTET ASSET MANAGEMENT HOLDING SA removed 63,956 shares (-28.3%) from their portfolio in Q1 2026, for an estimated $2,961,162
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND removed 54,427 shares (-99.0%) from their portfolio in Q1 2026, for an estimated $2,519,970
- PANVIEW CAPITAL LTD added 42,685 shares (+8.3%) to their portfolio in Q1 2026, for an estimated $1,976,315
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$VEON Price Targets
Multiple analysts have issued price targets for $VEON recently. We have seen 2 analysts offer price targets for $VEON in the last 6 months, with a median target of $72.0.
Here are some recent targets:
- Tim Savageaux from Northland Capital Markets set a target price of $70.0 on 06/09/2026
- Max Findlay from Rothschild & Co set a target price of $74.0 on 04/16/2026
Full Release
Beeline Uzbekistan to commit capacity at DataVolt's Tashkent IT Park data center following signature of agreed commercial terms; separate non-binding MoU to explore potential cooperation in Bukhara
Tashkent, Dubai and New York, June 17, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator, announced that at the Tashkent International Investment Forum, Beeline Uzbekistan, VEON’s digital operator in Uzbekistan, and DataVolt, a global developer and operator of large-scale data centers, signed two memorandums of understanding (MoUs) to support the development of Uzbekistan’s digital infrastructure and accelerate the country’s transformation into a regional digital hub.
Under the first MoU, which establishes agreed commercial terms, Beeline Uzbekistan will become a major tenant of DataVolt’s flagship Tashkent IT Park data center, TAS-1. Under the second MoU, the two parties also agreed to evaluate the opportunity for collaboration and operation of a potential data center infrastructure project in Bukhara, reflecting a shared ambition to expand digital infrastructure capacity across Uzbekistan.
“Every digital service our customers use depends on a data center somewhere. We believe that, for Beeline Uzbekistan’s digital services, that somewhere should be Uzbekistan. Sovereign data storage and processing deliver superior customer experiences, enhance resilience and security, and keep more economic value within the country,” said Kaan Terzioglu, Chief Executive Officer of VEON Group. “Our partnership with DataVolt helps lay the foundation for Uzbekistan to become the digital hub of Central Asia and a destination for the next generation of digital investment.”
“Telecommunications networks are no longer just connecting people and devices. They are becoming platforms for distributing computing power and digital intelligence. By developing world-class data center infrastructure with DataVolt, we are creating the foundation for AI services, local data processing and digital innovation at scale. This partnership supports Uzbekistan’s ambition to become the digital and AI hub of Central Asia,” said Evgeniy Nastradin, CEO of Beeline Uzbekistan.
The agreements are aligned with the Uzbek Government’s Digital Uzbekistan 2030 Strategy and respond to rapidly growing demand for cloud computing, artificial intelligence, and digital services across Central Asia.
As an anchor tenant of TAS-1, Beeline Uzbekistan will secure access to substantial capacity within one of the country’s most advanced data center facilities, supporting the continued expansion of its digital services portfolio and enabling greater local hosting and processing of data.
The second, non-binding MoU establishes a framework for evaluating the joint development and operation of a potential data center in Bukhara, reinforcing DataVolt’s long-term commitment to investing in Uzbekistan’s digital economy.
Together, the initiatives are expected to increase the availability of high-quality digital infrastructure, enhance access to cloud and AI services, strengthen data localization capabilities, and further position Uzbekistan as a leading digital hub for Central Asia.
About VEON
VEON is a digital operator that provides connectivity and digital services to over 150 million connectivity customers and more than 228 million digital users. Operating across five countries that are home to more than 6% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on Nasdaq. For more information, visit:
https://www.veon.com
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About Beeline Uzbekistan
Unitel LLC (doing business as “Beeline Uzbekistan”) has been operating as a digital operator under the Beeline Uzbekistan trademark since September 2006. Beeline Uzbekistan is a part of VEON Group and a Certified Top Employer in 2024, 2025 and 2026. Beeline Uzbekistan has more than 2,000 employees.
About DataVolt
DataVolt is an investor, developer, owner and operator of data centers, integrating dedicated high-availability multi-technology renewable energy infrastructure solutions with AI ready data centers, with a strong focus on innovation, sustainability, and scalability. Headquartered in Saudi Arabia, with offices currently in the USA, Uzbekistan, India, and the UAE. DataVolt has strong global ambitions spanning across the Middle East, Africa and Asia. DataVolt’s core focus is serving the needs of hyperscalers, neoclouds, large enterprises financial institutions and government institutions.
www.data-volt.com
Forward-Looking Statements
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, including in relation to future cooperation with DataVolt.
VEON media contacts
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