VEON’s Beeline Kazakhstan Opens New Office in Almaty Supporting the Digital Economy of Kazakhstan

Rhea-AI Summary

VEON Ltd. (Nasdaq: VEON) has announced the opening of Beeline Kazakhstan's new headquarters in Almaty, Kazakhstan's business hub. The purpose-built facility will accommodate 500 professionals from across VEON's ecosystem, including Beeline and QazCode teams.

The new office space is designed to enhance cross-functional collaboration between telecom, AI, and digital services teams, aimed at accelerating innovation and improving customer experience. The facility was inaugurated by VEON's top executives, including Chairman Augie Fabela and Group CEO Kaan Terzioglu, demonstrating the company's commitment to Kazakhstan's digital transformation.

Positive

• Investment in new office space demonstrates commitment to Kazakhstan market
• Consolidation of 500 professionals under one roof to enhance collaboration
• Strategic location in Almaty business hub

Negative

• None.

News Market Reaction

+1.16%

1 alert

+1.16% News Effect

On the day this news was published, VEON gained 1.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Almaty, July 28, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” and together with its subsidiaries, the “Group”), today announces the launch of Beeline Kazakhstan’s new home base in Almaty, the business hub of Kazakhstan.

The new office space will be home to Beeline Kazakhstan’s telecom, AI and digital services teams in a single, purpose-built environment, designed to foster cross-functional collaboration among teams and accelerating innovation. It will house around 500 professionals from across the VEON ecosystem in Kazakhstan, including Beeline and its enterprise services company QazCode, enhancing the delivery of superior customer experience and supporting the country’s broader digital transformation.

The new office was officially inaugurated during a ceremony attended by Augie Fabela, VEON Chairman and Founder; Kaan Terzioglu, VEON Group CEO; Evgeny Nastradin, CEO of Beeline Kazakhstan ahead of VEON Group’s annual strategy meetings in Kazakhstan.

“The distinctive quality of VEON’s value proposition is turning our innovative capabilities into digital services for millions of customers quickly and efficiently. This new office space designed to facilitate that collaboration, acting as a catalyst for new ideas and their transformation into customer experience,” said Kaan Terzioglu, VEON Group CEO and Chairman of Beeline Kazakhstan. “We are proud to welcome Kazakhstan’s best and the brightest talent into this space, demonstrating our commitment to building Kazakhstan’s digital economy not only with our products but also with our investment in people.”

“Kazakhstan’s journey towards becoming a regional leader in digital innovation is well underway, and we are proud to be a partner in this transformation,” said Evgeny Nastradin, CEO of Beeline Kazakhstan. “This new, custom-built space will strengthen the daily collaboration between our telecom, digital, and QazCode AI teams, helping us deliver innovative products faster and more effectively in support of the Digital Kazakhstan strategy.”

About Beeline Kazakhstan and QazCode
Beeline Kazakhstan serves 11 million customers with mobile connectivity and two million with fixed internet services. Since 2018, the company has been executing its digital operator strategy. Over the past five years, leveraging its expertise in digital solution development, Beeline has created an ecosystem of 60 internal and external products. Beeline Kazakhstan is majority-owned by VEON.

QazCode, the software development company of Beeline Kazakhstan, is one of the largest companies in Kazakhstan. The 750-person QazCode team delivers expertise in areas such as the creation of private Large Language Models (LLMs) with a strong focus on data security, process optimization using Agile methodologies, full-cycle implementation of Business Support Systems (BSS), and the provision of IT outsourcing services. 

About VEON 
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% 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: http://www.veon.com

Contact Information 
VEON
Hande Asik
Group Director of Communications and Strategy
pr@veon.com

Attachment

• Beeline Kazakhstan opens new office

FAQ

What is the purpose of VEON's new office in Almaty, Kazakhstan?

The new office will serve as Beeline Kazakhstan's headquarters, housing 500 professionals from telecom, AI, and digital services teams to foster collaboration and accelerate innovation in support of Kazakhstan's digital transformation.

How many employees will work at VEON's new Almaty office?

The new office space will accommodate approximately 500 professionals from across VEON's ecosystem in Kazakhstan, including Beeline and QazCode teams.

Who attended the inauguration of VEON's new Almaty office?

The office inauguration was attended by VEON Chairman Augie Fabela, Group CEO Kaan Terzioglu, and Beeline Kazakhstan CEO Evgeny Nastradin.

What companies will operate from VEON's new Almaty office?

The office will house teams from Beeline Kazakhstan (telecom and digital services) and QazCode (enterprise services company) under the VEON ecosystem.

How will VEON's new Almaty office support Kazakhstan's digital economy?

The office will facilitate collaboration between telecom, digital, and AI teams to deliver innovative products faster and more effectively in support of the Digital Kazakhstan strategy.