Latest news with #Veon
Bloomberg
6 days ago
- Business
- Bloomberg
Veon Eyes Kazakh Satellite Service After Ukraine Starlink Deal
Veon Ltd. may expand its satellite-powered mobile services to Kazakhstan, which would be its second market after the company struck a similar deal in Ukraine with Elon Musk's Starlink Inc. 'It's literally impossible to use terrestrial networks to reach every single point' in Kazakhstan, the ninth-biggest country by area, Veon Chief Executive Officer Kaan Terzioglu said in an interview with Bloomberg News. Finalizing a deal will depend on cooperation with local regulators, he added.
Tahawul Tech
19-06-2025
- Business
- Tahawul Tech
Ukraine invests in nations' first LLM
Ukraine's Ministry of Digital Transformation has inked a deal with Kyivstar to help develop the country's first national large language model (LLM) which will be trained entirely on Ukrainian-language data. The model will incorporate regional dialects, cultural context and national terminology, aiming to deliver AI services tailored to local needs. The LLM aims to support AI use cases in sectors such as government, healthcare, finance and education, claiming to offer accurate, locally relevant insights that are not currently addressed by general-purpose global models. The model will be built on open-source architectures and trained using Ukrainian data sources with a focus on data sovereignty and national security. All data will be stored and processed within the country. Development will be led by Kyivstar in collaboration with the Ministry and the WinWin AI Centre of Excellence, Ukraine's national platform for technology testing. The first version of the model is expected by December 2025. The project forms part of the investment from Kyivstar's parent company Veon to send $1 billion on rebuilding Ukraine's digital infrastructure between 2023 and 2027. Veon CEO Kaan Terzioglu hailed the agreement as 'a major milestone' in building a secure and culturally relevant AI ecosystem for the country. 'Ukrainian LLM will empower users to access augmented intelligence tools with the full cultural context and depth of their native language and national resources'. Source: Mobile World Live Image Credit: Stock Image
Axios
21-03-2025
- Business
- Axios
Ukrainian company plans to list shares in the U.S.
Kyivstar, the Ukrainian mobile operator that just agreed to list on the Nasdaq via a reverse merger, has agreed to buy local ride-hail and delivery firm Uklon for $155 million. Why it matters: This suggests some level of economic optimism for the besieged country, even as that giant minerals deal with the U.S. remains in limbo. Catch up quick: Kyivstar, which is majority owned by Dubai-based Veon, earlier this week agreed to go public on the Nasdaq at an implied $2.2 billion valuation via Cohen Circle Acquisition, a SPAC led by blank-check vets Betsy and Daniel Cohen. It would be the first Ukraine-based business to list in the U.S., and the first non-fintech deal for Cohen Circle. By the numbers: Uklon says it operates in 27 Ukrainian cities with more than 100,000 drivers on its platform. Last year it completed over 100 million rides and more than three million deliveries.
