VEON launched a Network Operations Center and BuildX in Tashkent, enhancing services and supporting Uzbekistan's digital economy.
Quiver AI Summary
VEON Ltd. has launched a new Network Operations Center (NOC) for Beeline Uzbekistan in Tashkent, which will enhance connectivity for 7.7 million customers while ensuring round-the-clock monitoring of over 5,850 base stations. The NOC is designed to proactively detect outages and improve the customer experience, complementing Beeline's existing Security Operations Center that addresses cybersecurity threats. Additionally, VEON announced the establishment of BuildX, a new software development and artificial intelligence company in Uzbekistan, which aims to provide scalable technological solutions and support the country's digital economy goals. The initiatives were welcomed by Minister of Digital Technologies Sherzod Shermatov, who praised VEON’s investment in Uzbekistan's digital landscape.
Potential Positives
- Launch of a new Network Operations Center in Tashkent enhances operational capabilities and customer service for Beeline Uzbekistan, improving real-time monitoring and response to outages.
- Introduction of BuildX, a software development and AI company, positions VEON to contribute to Uzbekistan's digital economy and supports local talent development through recruitment and training of engineers and data scientists.
- Recognition of Beeline Uzbekistan's network as the most consistent in Uzbekistan, indicating a strong commitment to quality and customer experience, which could foster customer loyalty.
- Strategic collaboration with the government of Uzbekistan highlights VEON's proactive role in the country's digital transformation and positions the company favorably within the local market.
Potential Negatives
- The press release prominently features the launch of BuildX, which may indicate a significant shift in focus and investments that could detract from VEON's core operations or raise concerns about its ability to manage multiple initiatives effectively.
- The reliance on local partnerships and the recruitment of local engineers and data scientists may suggest VEON’s existing talent pool may not meet current demands, implying potential gaps in expertise within the company.
- The forward-looking statements disclaimer highlights potential risks and uncertainties surrounding VEON’s strategic ambitions, which could create skepticism among investors regarding the company’s future performance.
FAQ
What is the purpose of the new Network Operations Center in Tashkent?
The Network Operations Center enhances Beeline Uzbekistan's ability to monitor and manage network performance, ensuring reliable service for customers.
What is BuildX and how will it benefit Uzbekistan?
BuildX is VEON's new software development and AI company aimed at creating scalable technology solutions, contributing to Uzbekistan's digital economy development.
How does the Network Operations Center improve customer experience?
It provides real-time monitoring and rapid response to outages, ultimately enhancing the overall connectivity experience for over 7.7 million customers.
What role does the Security Operations Center play?
The Security Operations Center monitors cybersecurity threats and ensures the security and reliability of Beeline Uzbekistan's digital services.
How is VEON contributing to local talent development in Uzbekistan?
BuildX plans to recruit and train local engineers and data scientists, supporting the development of advanced digital skills in the region.
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 59 institutional investors add shares of $VEON stock to their portfolio, and 30 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HELIKON INVESTMENTS LTD removed 949,357 shares (-64.9%) from their portfolio in Q3 2025, for an estimated $51,673,501
- PANVIEW CAPITAL LTD added 413,021 shares (+inf%) to their portfolio in Q3 2025, for an estimated $22,480,733
- MACKENZIE FINANCIAL CORP added 275,677 shares (+inf%) to their portfolio in Q3 2025, for an estimated $15,005,099
- PICTET ASSET MANAGEMENT HOLDING SA added 127,025 shares (+inf%) to their portfolio in Q3 2025, for an estimated $6,913,970
- MILLENNIUM MANAGEMENT LLC added 97,913 shares (+275.3%) to their portfolio in Q3 2025, for an estimated $5,329,404
- LINGOTTO INVESTMENT MANAGEMENT LLP added 86,428 shares (+1.5%) to their portfolio in Q3 2025, for an estimated $4,704,276
- SHAH CAPITAL MANAGEMENT added 70,831 shares (+1.5%) to their portfolio in Q4 2025, for an estimated $3,723,585
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Dubai and Tashkent, January 26, 2026: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or, together with its subsidiaries, the “VEON Group”), today unveiled the new network operations center for Beeline Uzbekistan in Tashkent, in a ceremony attended by Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan, and Kaan Terzioglu, VEON Group CEO as well as Beeline Uzbekistan board members and its executive team. Today, VEON also launched BuildX, its new software development and artificial intelligence company in Uzbekistan.
Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan, Kaan Terzioglu, VEON Group CEO, Andrey Pyatakhin, Beeline Uzbekistan CEO, and Gediz Sezgin, Beeline CTO, at the opening of the Network Operations Center in Tashkent.
Beeline Uzbekistan’s Network Operations Center (NOC) in Tashkent serves as a digital command hub, providing around-the-clock oversight of more than 5,850 base stations and ensuring connectivity for 7.7 million Beeline Uzbekistan customers as of September 2025. Operating as a proactive monitoring center, it detects outages in real time, enabling engineers to coordinate rapid repairs often before users experience service disruption. The NOC continuously tracks critical network performance metrics, reinforcing the customer experience on the Beeline Uzbekistan network, which was recently recognized as Uzbekistan’s most consistent network according to independent analysis by Opensignal.
In addition to the NOC, Beeline Uzbekistan also operates a dedicated Security Operations Center (SOC) that monitors and responds to cybersecurity threats across its network and digital services. Working closely with IT and development teams, the SOC supports rapid response and helps maintain a secure and reliable digital environment for customers and partners.
BuildX, a new software development and AI company headquartered in Tashkent’s IT Park, builds on VEON’s existing software development capabilities, including QazCode in Kazakhstan, which has developed AI-driven applications, cloud-native platforms, enterprise systems and data analytics solutions for customers. BuildX will focus on developing scalable, export-ready technology solutions, contributing to Uzbekistan’s ambition to further develop its digital economy and enhance its position as a technology hub in Central Asia.
“Uzbekistan has a fast-growing digital economy driven by robust policies that support digital transformation. We are determined to make our country a regional technology hub, building on this policy foundation, strong private sector players and our young digital talent,” said Minister Sherzod Shermatov at the opening ceremony. “I commend VEON for its continuous investments into Uzbekistan’s digital economy and for their proactive participation in our vision with initiatives spanning many areas of digital growth including customer services on digital platforms, essential connectivity and digital talent development.”
“The two significant initiatives that we announce today demonstrate our commitment to Uzbekistan’s digital future. Our state-of-the-art Network Operations Center will enhance Beeline Uzbekistan’s capability to deliver outstanding customer experience. Our enterprise solutions company BuildX will empower Uzbek and international businesses with AI and digital solutions that enhance people’s lives and access to services,” said Kaan Terzioglu, VEON Group CEO and Beeline Uzbekistan Chairman . “We are delighted not only to support our customers and business partners, but also to contribute to the digital economy vision of Uzbekistan with these and other initiatives.”
As a subsidiary of VEON, BuildX will develop advanced software, digital platforms and AI solutions for the Group, its operating companies, and the broader enterprise market. BuildX plans to enhance its team by recruiting and training local engineers and data scientists, contributing to the development of national talent with advanced digital skills in Uzbekistan. It will collaborate with universities, startups, and technology partners to foster innovation and strengthen the local tech ecosystem.
About VEON
VEON is a digital operator that provides connectivity and digital services to nearly 150 million connectivity and over 140 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
About Beeline Uzbekistan
Beeline Uzbekistan is a digital operator that serves 7.7 million customers with mobile connectivity and 7.9 million total monthly active users across its digital services and applications. Its digital portfolio includes financial services application Beepul, digital-first brand OQ, the recently launched streaming application KINOM and super-app hambi. BuildX, Beelab and VEON Adtech are also headquartered in Uzbekistan, contributing to software and IT technologies ecosystem in the country. Beeline Uzbekistan is wholly owned by VEON.
Forward-Looking Statements Disclaimer
This release contains “forward-looking statements”, within the meaning of the 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. Such forward-looking statements include, but are not limited to, statements relating to VEON’s strategic ambitions. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to VEON’s strategic ambitions, among others discussed in the section entitled “Risk Factors” in VEON’s 2024 Form 20-F filed with the SEC on April 25, 2025 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law.
Contact Information
VEON
Hande Asik
Chief Strategy and Communications Officer
[email protected]
