Veon Ltd. ( VEON ) shares remained relatively flat on Friday following the announcement of a new collaboration with Airspan Networks Holdings LLC.

The partnership, outlined in a Memorandum of Understanding, aims to strengthen Ukraine’s communications infrastructure through innovative network solutions.

Veon ( VEON ) and Airspan will explore technical and commercial synergies to develop resilient networks tailored to Ukraine's needs.

The collaboration will focus on Open RAN and Air-to-Land solutions, which are designed to enhance network resilience, particularly in extreme conditions. Both companies will also work together to identify business opportunities in public and private sectors.

Veon ( VEON ), together with its subsidiary Kyivstar, has committed to investing $1 billion from 2023 to 2027 to rebuild Ukraine's digital infrastructure.

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This initiative includes upgrading and expanding mobile networks with advanced technologies like Open RAN and satellite connectivity.

“We look forward to working with Airspan to explore opportunities as a part of our commitment to the country’s resilience and rebuilding,” said Veon ( VEON ) CEO Kaan Terzioglu.

According to Benzinga Pro, Veon ( VEON ) stock has gained over 97% in the past year.

Earlier this month, the company reported fourth-quarter 2024 sales growth of 4.7% year-over-year to $998 million. Direct digital revenues rose 42.4%, driven by strong growth in Pakistan and Ukraine.

For 2025, Veon ( VEON ) expects underlying local currency revenue YoY growth of 12%–14%, EBITDA growth of 13%–15%, and Capex intensity of 17%–19%.

Price Action: Veon ( VEON ) shares are trading higher by 0.90% to $45.44 at last check Friday.

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