VEON Finishes First Phase Of 4G Network Upgrade Across Uzbekistan, Gears Up For Phase 2 Next Month
Portfolio Pulse from Lekha Gupta
VEON Ltd has completed the first phase of its 4G network upgrade in Uzbekistan through its digital operator, Beeline Uzbekistan. The upgrade is expected to enhance 4G coverage to 85% by the end of 2023, up from 78% at the end of 2022. The second phase of the upgrade is set to be completed in October, further boosting 4G coverage in major urban areas. VEON shares closed higher by 1.39% at $16.78 on Friday.
September 11, 2023 | 12:02 pm
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VEON has completed the first phase of its 4G network upgrade in Uzbekistan, which is expected to enhance 4G coverage and accelerate the benefits of its digital operator strategy. The company's shares closed higher by 1.39% at $16.78 on Friday.
The completion of the first phase of VEON's 4G network upgrade in Uzbekistan is a positive development for the company, as it will enhance 4G coverage and accelerate the benefits of its digital operator strategy. This could potentially lead to increased revenues and customer base for the company, which could positively impact its stock price. The company's shares already closed higher by 1.39% at $16.78 on Friday, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100