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Ericsson Wins Google Cloud Business Applications Partner of the Year Award for Telecommunications - Middle East Business News and Information

Ericsson Wins Google Cloud Business Applications Partner of the Year Award for Telecommunications - Middle East Business News and Information

Mid East Info14-04-2025
Ericsson (NASDAQ: ERIC) has received the Google Cloud Business Applications Partner of the Year Award for Telecommunications, marking the third year in a row that Ericsson has won a Google Cloud Partner of the Year award. This accolade underscores Ericsson's innovative strategies and strong collaboration with Google Cloud.
'Our close relationship with Google Cloud is based on deep collaboration right across our portfolio,' said Razvan Teslaru, Head of Strategy, Cloud Software and Services, Ericsson. 'This award, given to Ericsson for the third consecutive year, is a greatly appreciated validation of the results we have achieved together, and a welcome vote of confidence in the ongoing work we are undertaking that will create new value for our shared customers and for the industry overall. From validation of Ericsson Packet Core on Google Cloud, to migrating a whole BSS stack supporting 100m subscribers to its platform, and conducting deep technical exploration of intent-based service management, this has been a busy year, with more to come.'
'Google Cloud's Partner Awards recognize partners who have created outsized value for customers through the delivery of innovative solutions and a high level of expertise,' said Kevin Ichhpurani, President, Global Partner Ecosystem, Google Cloud. 'We're proud to announce Ericsson as a 2025 Google Cloud Partner Award winner and celebrate their impact enabling customer success over the past year.'
Ericsson's partnership with Google Cloud has resulted in technical breakthroughs and real customer benefits across multiple dimensions: Technical Collaboration: The partnership has seen the successful implementation and deployment of joint initiatives with a number of global communication service providers, as well as technical development that will power future projects. This work stretches across the full range of the Ericsson portfolio including radio optimization work with Ericsson Cognitive Software, successful onboarding of Ericsson Packet Core to Google Cloud, ongoing migration to Google Cloud of Indosat Ooredoo Hutchison full business support systems stack powering connectivity for over 100 million subscribers, and the fruitful continuation of our 5G Core collaboration.
Innovation: Innovation is at the core of the partnership, most recently with Ericsson and Google Cloud conducting a technical exploration of intent-based service management. Additionally, some of the world's largest telecom operators together with Ericsson have announced a new venture, Aduna, to combine and sell network APIs on a global scale to spur innovation in digital services. Google Cloud is among Aduna's first developer platform partners.
Business Model Evolution: Ericsson is collaborating with Google Cloud to drive a fundamental shift in how mobile core networks are built and operated on public cloud infrastructure. Together, the two are working on evolving the packet core technology stack to run on autonomously operated Google Cloud infrastructure that is engineered for reliability and scale.
In 2025, Ericsson will continue to strengthen its partnership with Google Cloud by jointly re-imagining new possibilities for the telecom industry.
ABOUT ERICSSON:
Ericsson's high-performing, programmable networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality.
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However, it should be noted that in connection with the anticipated standalone listing of Kyivstar on Nasdaq, the financial disclosures prepared for the listed entity will exclude UTC, as UTC will not be consolidated within the scope of the listed Kyivstar entity at the time of listing. Disclaimer VEON's results and other financial information presented in this document are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards ('IFRS') and have not been externally reviewed and/or audited. The financial information included in this document is preliminary and is based on a number of assumptions that are subject to inherent uncertainties and subject to change. The financial information presented herein is based on internal management accounts, is the responsibility of management and is subject to financial closing procedures which have not yet been completed and has not been audited, reviewed or verified. 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These forward-looking statements may be identified by words such as 'may,' 'might,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'plan,' 'anticipate,' 'intend,' 'seek,' 'believe,' 'estimate,' 'predict,' 'potential,' 'continue,' 'contemplate,' 'possible' and other similar words. Forward-looking statements include statements relating to, among other things, VEON's plans to implement its strategic priorities, operating model and development plans; VEON's ability to achieve anticipated performance results, including VEON's growth trajectory and ability to generate sufficient cash flow to meet upcoming obligations; VEON's intended expansion of its digital experience including through technologies such as artificial intelligence; VEON's assessment of the impact of the war in Ukraine, including related sanctions and counter-sanctions, on its current and future operations and financial condition; VEON's assessment of the impact of the political conflict in Bangladesh; future market developments and trends; operational and network development and network investment, including expectations regarding the roll-out and benefits of 3G/4G/LTE networks, as applicable; spectrum acquisitions and renewals; the effect of the acquisition of additional spectrum on customer experience; VEON's ability to realize the acquisition and disposition of any of its businesses and assets as well as the impact of the consolidation of such newly acquired business and assets, like Uklon into VEON's financials and results of operations; VEON's ability to execute its strategic transactions in the timeframes anticipated, or at all ,including VEON's ability to complete the business combination that will result in the listing of Kyivstar on the Nasdaq Stock Market LLC; VEON's ability to realize financial improvements, including an expected reduction of net pro-forma leverage ratio following the successful completion of certain dispositions and acquisitions; its dividends; and VEON's ability to realize its targets and commercial initiatives in its various countries of operation. The forward-looking statements included in this document are based on management's best assessment of VEON's strategic and financial position and of future market conditions, trends and other potential developments. These discussions involve risks and uncertainties. The actual outcome may differ materially from these statements as a result of, among other things: further escalation in the war in Ukraine, including further sanctions and counter-sanctions and any related involuntary deconsolidation of our Ukrainian operations; demand for and market acceptance of VEON's products and services; our plans regarding our dividend payments and policies, as well as our ability to receive dividends, distributions, loans, transfers or other payments or guarantees from our subsidiaries; continued volatility in the economies in VEON's markets; governmental regulation of the telecommunications industries; general political uncertainties in VEON's markets; government investigations or other regulatory actions; litigation or disputes with third parties or regulatory authorities or other negative developments regarding such parties; the impact of export controls and laws affecting trade and investment on our and important third-party suppliers' ability to procure goods, software or technology necessary for the services we provide to our customers, including those that arise as a results of baseline or so called 'reciprocal tariffs' imposed in the countries in which we operate; risks associated with data protection or cyber security, other risks beyond the parties' control or a failure to meet expectations regarding various strategic priorities, the effect of foreign currency fluctuations, increased competition in the markets in which VEON operates and the effect of consumer taxes on the purchasing activities of consumers of VEON's services. Certain other factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in VEON's 2024 Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the 'SEC') on April 25, 2025 and other public filings made from time to time by VEON with the SEC. Other unknown or unpredictable factors also could harm our future results. New risk factors and uncertainties emerge from time to time and it is not possible for our management to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Under no circumstances should the inclusion of such forward-looking statements in this document be regarded as a representation or warranty by us or any other person with respect to the achievement of results set out in such statements or that the underlying assumptions used will in fact be the case. Therefore, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date hereof. We cannot assure you that any projected results or events will be achieved. Except to the extent required by law, we disclaim any obligation to update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made, or to reflect the occurrence of unanticipated events.

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