VEON Unveils the New Beeline Uzbekistan Network Operations Center, Launches BuildX to Accelerate Software Development in Uzbekistan

Rhea-AI Summary

VEON (Nasdaq: VEON) opened a new Beeline Uzbekistan Network Operations Center in Tashkent and launched BuildX, a software development and AI company headquartered in Tashkent IT Park, on January 26, 2026. The NOC provides 24/7 monitoring for more than 5,850 base stations and supports 7.7 million Beeline Uzbekistan customers as of September 2025, with real-time outage detection and a separate Security Operations Center for cybersecurity. BuildX will develop scalable, export-ready platforms and AI solutions, recruit and train local engineers and data scientists, and collaborate with universities, startups and partners to bolster Uzbekistan's digital economy.

Positive

• NOC provides 24/7 oversight of >5,850 base stations
• Network coverage supports 7.7 million Beeline Uzbekistan customers (Sept 2025)
• Separate SOC enhances cybersecurity monitoring and response
• BuildX to develop export-ready AI and cloud-native solutions
• BuildX plans to recruit and train local engineers and data scientists

Negative

• None.

News Market Reaction

-0.19%

1 alert

-0.19% News Effect

On the day this news was published, VEON declined 0.19%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Current price: $54.04 Price change 24h: -2.24% 52-week range: $34.55–$64.00 +5 more

8 metrics

Current price $54.04 Before publication on Jan 26, 2026

Price change 24h -2.24% Session prior to this news

52-week range $34.55–$64.00 52-week low and high

Market cap $3,814,076,989 Equity value before this announcement

Base stations monitored 5,850+ Beeline Uzbekistan NOC coverage

Beeline Uzbekistan customers 7.7 million Customer base as of September 2025

Customers with 4G access 15.5 million Kyivstar 4G customers eligible for satellite SMS in prior news

Pakistan tower sale consideration US$547.5 million Sale-and-leaseback of Deodar towers (Form 6-K, Aug 22, 2025)

Market Reality Check

Price: $52.62 Vol: Volume 54,656 is below 20...

normal vol

$52.62 Last Close

Volume Volume 54,656 is below 20-day average 72,026 (relative volume 0.76). normal

Technical Price 54.04 is above 200-day MA at 50.6, and 15.56% below 52-week high 64.

Peers on Argus

VEON was down 2.24% while close peers were mixed: Liberty Global lines (LBTYA/LB...

VEON was down 2.24% while close peers were mixed: Liberty Global lines (LBTYA/LBTYB/LBTYK) up around 3–4%, PHI roughly flat, and TDS down 1.16%. Movements do not indicate a unified telecom sector move.

Historical Context

5 past events · Latest: Jan 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	Satellite service growth	Positive	+1.0%	Kyivstar Starlink Direct to Cell users reached 3.0 million with high usage.
Jan 12	5G pilot launch	Positive	-0.1%	Launch of Kyivstar 5G pilot in Lviv and broader 5G investment plans.
Dec 23	Network collaboration	Positive	-0.3%	Beeline Kazakhstan and Rakuten Symphony MoU on next-gen connectivity.
Dec 19	Islamic banking launch	Positive	-1.5%	Mobilink Microfinance Bank began Islamic banking operations in Pakistan.
Dec 18	Listing upgrade	Positive	-0.3%	Upgrade of VEON ADSs to Nasdaq Global Select Market with index inclusions.

Pattern Detected

Recent corporate and strategic announcements often saw muted or slightly negative next-day moves, with more divergences than alignments.

Recent Company History

Over the past months, VEON issued several positive strategic updates. On Dec 18, 2025, its ADSs moved to the Nasdaq Global Select Market, yet the stock slipped slightly. Subsequent news on Islamic banking expansion in Pakistan, a collaboration with Rakuten Symphony in Kazakhstan, and Kyivstar’s 5G pilot and Starlink Direct to Cell user growth all reflected ongoing digital and connectivity expansion. Price reactions around these dates were small, often negative, suggesting investors reacted cautiously to otherwise constructive operational milestones.

Market Pulse Summary

This announcement detailed VEON’s continued digital expansion in Central Asia, with a new Network Op...

Analysis

This announcement detailed VEON’s continued digital expansion in Central Asia, with a new Network Operations Center in Tashkent overseeing 5,850+ base stations and serving 7.7 million Beeline Uzbekistan customers, alongside the launch of BuildX, an AI and software development firm. In context of recent 5G, satellite, and banking initiatives, it reinforces a multi-country digital-operator strategy. Investors may track execution at BuildX, network performance metrics, and future regulatory filings for indications of financial impact.

Key Terms

network operations center, noc, security operations center, soc, +2 more

6 terms

network operations center technical

"Beeline Uzbekistan’s Network Operations Center (NOC) in Tashkent serves as a digital"

A network operations center (NOC) is a centralized team and facility that monitors and manages a company's computer networks, servers, and critical online services to keep them running smoothly—like an air-traffic control room for a business’s IT systems. Investors care because NOC performance directly affects uptime, customer access, data security and compliance; failures can lead to lost sales, higher costs, regulatory fines and damage to reputation, all of which influence value and risk.

noc technical

"Beeline Uzbekistan’s Network Operations Center (NOC) in Tashkent serves as a digital"

A Notice of Compliance (NOC) is an official regulatory approval that allows a drug or medical product to be marketed and sold after authorities determine it meets required safety, effectiveness and manufacturing standards. For investors it is a pivotal milestone—like a green light from regulators—that can turn a research project into a revenue-generating product, reduce regulatory risk and materially affect a company’s sales prospects and valuation.

security operations center technical

"In addition to the NOC, Beeline Uzbekistan also operates a dedicated Security Operations Center (SOC)"

A security operations center is a dedicated team and technology hub that monitors, detects, and responds to cyber threats and data breaches across an organization’s systems — like a 24/7 control room or neighborhood watch for a company’s digital assets. Investors care because effective security operations reduce the chance of costly hacks, lost customer trust, regulatory penalties, and business disruption, all of which can materially affect a company’s financial performance and valuation.

soc technical

"Beeline Uzbekistan also operates a dedicated Security Operations Center (SOC) that monitors"

Standard of care (often abbreviated SOC) is the treatment or management approach that is widely accepted and used by medical professionals for a particular disease or condition. For investors, SOC provides the benchmark against which new therapies, devices, or clinical results are judged—like comparing a new car to the current most popular model; a product that meaningfully outperforms the SOC can win market share and drive revenue, while failure to beat or match it limits commercial potential.

artificial intelligence technical

"launched BuildX, its new software development and artificial intelligence company in Uzbekistan."

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

cloud-native platforms technical

"including QazCode in Kazakhstan, which has developed AI-driven applications, cloud-native platforms,"

Cloud-native platforms are modern software systems designed to run efficiently on cloud computing environments, allowing applications to be built, deployed, and scaled quickly and reliably. They enable businesses to adapt rapidly to changing market conditions, which can enhance operational agility and innovation. For investors, these platforms can signal a company's ability to stay competitive through flexible technology infrastructure.

AI-generated analysis. Not financial advice.

Dubai and Tashkent, January 26, 2026: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or, together with its subsidiaries, the “VEON Group”), today unveiled the new network operations center for Beeline Uzbekistan in Tashkent, in a ceremony attended by Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan, and Kaan Terzioglu, VEON Group CEO as well as Beeline Uzbekistan board members and its executive team. Today, VEON also launched BuildX, its new software development and artificial intelligence company in Uzbekistan.

Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan, Kaan Terzioglu, VEON Group CEO, Andrey Pyatakhin, Beeline Uzbekistan CEO, and Gediz Sezgin, Beeline CTO, at the opening of the Network Operations Center in Tashkent.

Beeline Uzbekistan’s Network Operations Center (NOC) in Tashkent serves as a digital command hub, providing around-the-clock oversight of more than 5,850 base stations and ensuring connectivity for 7.7 million Beeline Uzbekistan customers as of September 2025. Operating as a proactive monitoring center, it detects outages in real time, enabling engineers to coordinate rapid repairs often before users experience service disruption. The NOC continuously tracks critical network performance metrics, reinforcing the customer experience on the Beeline Uzbekistan network, which was recently recognized as Uzbekistan’s most consistent network according to independent analysis by Opensignal.

In addition to the NOC, Beeline Uzbekistan also operates a dedicated Security Operations Center (SOC) that monitors and responds to cybersecurity threats across its network and digital services. Working closely with IT and development teams, the SOC supports rapid response and helps maintain a secure and reliable digital environment for customers and partners.

BuildX, a new software development and AI company headquartered in Tashkent’s IT Park, builds on VEON’s existing software development capabilities, including QazCode in Kazakhstan, which has developed AI-driven applications, cloud-native platforms, enterprise systems and data analytics solutions for customers. BuildX will focus on developing scalable, export-ready technology solutions, contributing to Uzbekistan’s ambition to further develop its digital economy and enhance its position as a technology hub in Central Asia.

“Uzbekistan has a fast-growing digital economy driven by robust policies that support digital transformation. We are determined to make our country a regional technology hub, building on this policy foundation, strong private sector players and our young digital talent,” said Minister Sherzod Shermatov at the opening ceremony. “I commend VEON for its continuous investments into Uzbekistan’s digital economy and for their proactive participation in our vision with initiatives spanning many areas of digital growth including customer services on digital platforms, essential connectivity and digital talent development.”

“The two significant initiatives that we announce today demonstrate our commitment to Uzbekistan’s digital future. Our state-of-the-art Network Operations Center will enhance Beeline Uzbekistan’s capability to deliver outstanding customer experience. Our enterprise solutions company BuildX will empower Uzbek and international businesses with AI and digital solutions that enhance people’s lives and access to services,” said Kaan Terzioglu, VEON Group CEO and Beeline Uzbekistan Chairman. “We are delighted not only to support our customers and business partners, but also to contribute to the digital economy vision of Uzbekistan with these and other initiatives.”

As a subsidiary of VEON, BuildX will develop advanced software, digital platforms and AI solutions for the Group, its operating companies, and the broader enterprise market. BuildX plans to enhance its team by recruiting and training local engineers and data scientists, contributing to the development of national talent with advanced digital skills in Uzbekistan. It will collaborate with universities, startups, and technology partners to foster innovation and strengthen the local tech ecosystem.

About VEON
VEON is a digital operator that provides connectivity and digital services to nearly 150 million connectivity and over 140 million digital users. Operating across five countries that are home to more than 6% 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: https://www.veon.com

About Beeline Uzbekistan

Beeline Uzbekistan is a digital operator that serves 7.7 million customers with mobile connectivity and 7.9 million total monthly active users across its digital services and applications. Its digital portfolio includes financial services application Beepul, digital-first brand OQ, the recently launched streaming application KINOM and super-app hambi. BuildX, Beelab and VEON Adtech are also headquartered in Uzbekistan, contributing to software and IT technologies ecosystem in the country. Beeline Uzbekistan is wholly owned by VEON.

Forward-Looking Statements Disclaimer

This release contains “forward-looking statements”, within the meaning of the 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. Such forward-looking statements include, but are not limited to, statements relating to VEON’s strategic ambitions. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to VEON’s strategic ambitions, among others discussed in the section entitled “Risk Factors” in VEON’s 2024 Form 20-F filed with the SEC on April 25, 2025 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law.

Contact Information 
VEON
Hande Asik
Chief Strategy and Communications Officer
pr@veon.com

FAQ

What does VEON's new Network Operations Center mean for Beeline Uzbekistan customers?

The NOC offers 24/7 real-time monitoring of network performance and outages for over 5,850 base stations, aiming to reduce service disruptions for 7.7 million customers.

What is BuildX and how will it affect VEON (VEON) operations in Uzbekistan?

BuildX is a VEON subsidiary based in Tashkent IT Park that will build scalable AI and software platforms for the Group and enterprise customers, and support local talent development.

How many customers does Beeline Uzbekistan serve according to the announcement?

Beeline Uzbekistan serves 7.7 million customers as of September 2025.

Will the new facilities improve network security for VEON in Uzbekistan?

Yes; Beeline Uzbekistan operates a dedicated Security Operations Center that monitors and responds to cybersecurity threats across its network and services.

How will BuildX support Uzbekistan's technology ecosystem and talent pipeline?

BuildX plans to recruit and train local engineers and data scientists and collaborate with universities, startups and technology partners to foster innovation.