Veon Picks Amdocs For 10: year tech modernisation deal
VEON picks Amdocs for 10-year tech modernisation deal By Leo Marchandon
Oct 7 (Reuters) - VEON VEON.O has awarded a 10-year contract to Amdocs DOX.O under which the IT services firm will run and modernise the telecom group's core technology operations, the companies said on Wednesday.
They did not disclose the value of the deal in their statements, but two people familiar with the terms told Reuters it was around $100 million.
The deal is aimed at giving VEON a lower-cost way to run the systems behind its telecommunications and digital services
Deal to start in Kazakhstan and Uzbekistan and may extend to VEON's other markets
Amdocs will use some technology from QazCode, VEON's software unit in Kazakhstan, in its AI-enabled telecoms operating system aOS
The deal supports VEON's strategy of selling digital services, accounting for about 27% of its revenue, alongside connectivity
VEON operates units in emerging markets, including Ukraine's largest telecoms provider Kyivstar KYIV.O
(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)
((leo.marchandon@thomsonreuters.com))
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