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HomeTelecomEurobites: VEON sees credit score scores slide as Ukraine carnage hits house

Eurobites: VEON sees credit score scores slide as Ukraine carnage hits house

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Additionally in at the moment’s EMEA regional roundup: Telefnica friends up with Pente for enterprise cloud companies; Nokia goes underground in Chile; firms prepare for the hybrid working period.


  • VEON, the Amsterdam-headquartered however Russia targeted telco, has had its credit score scores downgraded by businesses Fitch and S&P, reflecting “the numerous deterioration of the Russian and Ukrainian working environments in these international locations,” which is a method of describing the mayhem brought on by Vladimir Putin’s invasion of Ukraine, and the ensuing wide-ranging sanctions being positioned on Russia. Fitch revised VEON’s credit standing from “BBB- to B+ with secure outlook,” whereas S&P’s ranking was adjusted from BB+ to CCC+. In a assertion, Serkan Okandan, VEON’s CFO, tried to intensify the optimistic, saying: “Whereas the downgrades in VEON’s credit standing by the ranking businesses following the downgrade of Russia’s sovereign ranking was to be anticipated, it is very important be aware that VEON’s geographic diversification and liquidity place has allowed the Group to take care of a ranking above the sovereign ranking of Russia.”
  • Telefnica is working with Israel’s Pente Networks on a managed 5G cloud service for enterprises, with preliminary proof-of-concept trials with prospects anticipated to begin later this yr. In accordance with the 2 firms, the service will enable enterprise prospects to “profit from some great benefits of the cloud to construct, handle and scale on-premise purposes utilizing acquainted hyperscaler companies and instruments.”
  • Nokia has deployed an industrial-grade personal LTE community for Antofagasta Minerals at one of many firm’s copper mines in Chile. The community will initially join a fleet of autonomous vehicles, although in time it’s going to assist a wider vary of operations. Nokia’s AirScale radio gear, cell packet core, IP/MPLS service aggregation routers and Wavence microwave transmission all kind a part of the deployment.
  • It appears firms are getting themselves ready for a (at some point) post-pandemic future the place “hybrid working” (some days within the workplace, some at house) turns into the norm. To date this week we have now seen
      BT comply with lease 65,000 sq. toes of workplace area at No. 3 Capital Quarter within the middle of Cardiff as its new Welsh hub. The workspace will turn out to be not less than a part-time house to as much as 900 workers. As is turning into de rigueur today, a roof terrace can be supplied in order that workers can take advantage of the fabled Welsh climate.

      Proximus attain an settlement on the redevelopment of its headquarters in Brussels, reflecting the operator’s ambition to “reinvent its workspace in such a approach that it permits workers to work smarter, collaborate in a different way and innovate, while additionally being a supply of inspiration and make contact with between colleagues, companions and prospects.”


      Qatar-based operator Ooredoo decide to versatile working as a everlasting association, following a trial which started final yr. Workers can be given the choice to work a “versatile day” and work at home two days every week. The operator can be trialing an association whereby workers can select to work at home at a location outdoors Qatar for as much as 4 weeks a yr.



    BT has seen the future of work – and it involves tank-tops. 
(Source: BT)

    BT has seen the way forward for work – and it includes tank-tops.

    (Supply: BT)




  • Safaricom has signed a multi-year contract with Intelsat to develop its LTE protection in Kenya. Intelsat will present the operator with each mobile backhaul over satellite tv for pc and enterprise connectivity companies. Almost three-quarters of all Kenyans dwell in rural components of the nation, so widening entry to LTE will assist drive digital improvement in such hard-to-reach areas. Earlier this month Intelsat agreed the same take care of Orange’s Mali unit.
  • Deutsche Telekom has made a donation of 1 million (US$1.09 million) to the German Purple Cross’s Ukraine disaster enchantment. The charity is presently taking up CEO Tim Httges’ LinkedIn account for every week, the place it’s going to report on help measures being supplied for Ukraine and its refugees.

    Paul Rainford, Assistant Editor, Europe, Mild Studying



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