VEON’s Jazz to Deploy 1,000 Solar Sites across Pakistan in collaboration with Huawei
Rhea-AI Summary
VEON (Nasdaq: VEON) announced that its Pakistani digital operator Jazz has partnered with Huawei to implement solar power across 1,000 sites in Pakistan. The project, utilizing Huawei's iSolar technology, will be completed in the coming months of 2025.
The initiative aims to achieve up to 96% energy cost reduction at implemented sites, supporting Jazz's goal of reaching net-zero carbon emissions by 2050. The solar deployment will enable reliable connectivity powered by renewable energy while demonstrating environmental responsibility in Pakistan's telecom sector.
The project is designed to serve as a scalable model for future expansion, establishing a replicable framework for sustainable telecom infrastructure development.
Positive
- 96% reduction in energy costs at implemented sites
- Significant decrease in operational expenses
- Strategic advancement toward net-zero carbon goals
- Scalable model for future sustainable infrastructure
Negative
- Initial capital investment required for 1,000 solar sites
- Implementation timeline extends several months
Insights
VEON's strategic partnership with Huawei to deploy solar power across 1,000 Jazz sites in Pakistan represents a significant operational efficiency initiative with measurable financial benefits. The projected
This initiative addresses two critical challenges for telecom operators in emerging markets: rising energy costs and unreliable power grids. By reducing dependency on traditional electricity sources, VEON not only cuts operational expenses but also potentially improves network reliability in areas with unstable power infrastructure—a competitive advantage in customer experience.
The rapid implementation timeline ("within coming months") suggests accelerated financial benefits, though the article doesn't quantify absolute cost savings. Given the scale of 1,000 sites, the impact on Jazz's Pakistan operations should be material, though investors should contextualize this within VEON's broader global footprint.
Beyond immediate cost savings, this project establishes a replicable framework that could be extended to VEON's other markets, potentially multiplying the financial benefits across the company's operations. The partnership with Huawei leverages industry-leading solar technology, positioning VEON at the forefront of operational efficiency in emerging markets.
VEON's solar deployment initiative represents a substantive step toward decarbonizing telecom infrastructure in Pakistan. With 1,000 sites transitioning to solar power, this project demonstrates meaningful scale rather than mere tokenism in sustainability efforts. The telecom sector is increasingly scrutinized for its energy consumption; network infrastructure typically operates 24/7 and traditionally relies heavily on diesel generators in regions with unreliable grid power.
The partnership with Huawei brings technical credibility through their iSolar technology, which has been deployed globally. The dual benefit of
This project supports VEON's stated commitment to net-zero carbon by 2050, showing concrete action behind the target. For investors with ESG considerations, this demonstrates VEON's operational approach to climate risk mitigation and energy transition planning. The scalability mentioned suggests this serves as a proof-of-concept that could inform wider deployment across VEON's global operations.
Beyond environmental benefits, solar deployment addresses energy security challenges in Pakistan, where power shortages can impact service reliability. This creates resilience in VEON's operations while simultaneously reducing environmental impact—a winning combination for sustainable business operations in emerging markets.
Barcelona, 05 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today marked the agreement between Jazz, its digital operator in Pakistan, and Huawei to deploy solar power in Jazz’s 1,000 sites across Pakistan.
The solarization of the sites, powered by the iSolar technology of Huawei, will be completed within the coming months, facilitating Jazz’s transition to sustainable telecom network infrastructure with green energy. The initiative will support an energy cost reduction of up to
Integrating sustainable energy solutions, including the iSolar project, supports Jazz’s commitment to net-zero carbon target by 2050.
Aamir Ibrahim, CEO of Jazz said: “We are dedicated to delivering an ideal experience for our customers while mitigating our environmental footprint. The deployment of iSolar sites takes us further in our sustainability journey, enabling us to provide reliable connectivity powered by renewable energy to our customers. This initiative demonstrates our commitment to taking the steps that are not only good for business but also good for the planet, contributing to responsible use of energy resources in Pakistan.”
Phillip Gan, President of Huawei Middle East and Central Asia Region of Huawei added, “We are proud to partner with VEON and Jazz on the iSolar project, setting a new benchmark for green energy adoption in telecom industry. This initiative is another example of our long-term strategic cooperation to supporting the telecommunications industry in driving a more sustainable digital transformation. We are happy to contribute to VEON’s and Jazz’s sustainability vision with this partnership.”
Beyond the immediate environmental and operational benefits, the success of deploying Jazz iSolar is expected to serve as a scalable model for future expansion, offering a replicable framework that can be extended.
As the project progresses in 2025, VEON and Huawei remain committed to continuously exploring and implementing innovative technologies that contribute to a low-carbon future by integrating sustainability into the overall digital landscape of VEON.
About Huawei
Huawei is a global leader in information and communications technology (ICT) infrastructure and smart devices, committed to bringing digital to every person, home, and organization for a fully connected, intelligent world. With a strong focus on sustainability and innovation, Huawei is a trusted partner for numerous enterprises around the globe.
About VEON
VEON is a digital operator that provides connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than
visit: www.veon.com
Disclaimer
This release contains “forward-looking statements”, as the phrase is defined in 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. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s and its operating companies’ commercial and sustainability strategies. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
Contact Information
Hande Asik
Group Director of Communications pr@veon.com
Huawei Media Communications
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FAQ
What is the expected energy cost reduction from VEON's solar site deployment in Pakistan?
How many solar-powered sites will Jazz deploy across Pakistan?
When will VEON complete the solar site implementation in Pakistan?
What is Jazz's long-term environmental goal regarding carbon emissions?
