AMSTERDAM, March 7, 2018 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services headquartered in Amsterdam and serving more than 240 million customers, announces that Kyivstar, its wholly-owned and market-leading business in Ukraine, has acquired the following spectrum in the 1800MHz band suitable for 4G/LTE:
- 25MHz (paired) at UAH 1.325 billion (approximately USD 49 million); and
- two lots of 5MHz (paired) at UAH 1.512 billion (approximately USD 56 million).
Following this acquisition, Kyivstar expects to have the largest amount of contiguous spectrum in both the 1800MHz and 2600MHz bands, which we believe will enable the company to increase the geographical coverage of its high-speed data network in Ukraine, further strengthening its position as market leader in the country.
VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services, with an ambition to lead the personal internet revolution for over 240 million customers it currently serves, and many others in the years to come. For more information visit: http://www.veon.com.
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, the ability of Kyivstar to provide high-speed mobile data coverage, VEON's commitment to Ukraine, the provision of the latest digital services and connectivity to VEON's customers in Ukraine, VEON's participation in the upcoming 4G/LTE tender in 1800 MHz band and anticipated increase in geographical coverage in Ukraine. 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. Although VEON believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that such expectations will be achieved. Future events, outcomes and actual results, financial and otherwise, may differ materially from the those expressed in, or implied by, any forward-looking statements as a result of risks and uncertainties. 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 date or to reflect the occurrence of unanticipated events.
SOURCE VEON Ltd.