Amdocs signs 10-year deal to modernize VEON's core technology in Eurasia
- Reports
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- Developments
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- Repetition
- 67%
New informationRepeats or wire copies
What happened
Amdocs announced a 10-year strategic agreement with VEON Ltd. Under the agreement, Amdocs will run and continuously modernize VEON's core technology operations and provide long-term cost predictability for its IT operations in Eurasia. Amdocs will utilize certain QazCode intellectual property rights, integrating them into Amdocs aOS, an agentic operating system.
From finanznachrichten.de
Why it matters
The agreement involves Amdocs expanding its business presence within the market of Kazakhstan. This partnership allows Amdocs to modernize the core technology operations of a global digital operator. VEON noted that digital and AI services already account for about 27% of its Group revenue.
From finanznachrichten.de
Who's involved
- AmdocsLeading provider of software and services to communications and media companies
- KazakhstanSovereign state where Amdocs is expanding its business presence
- AosAgentic Operating System capability that Amdocs provides
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- KazakhstanSpeculative
Kazakhstan might see increased foreign investment and tech modernization through Amdocs' expansion.
- AmdocsSpeculative
Amdocs could secure long-term revenue from the 10-year contract to modernize VEON's core technology.
Keep exploring
The entities involved
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Kazakhstan
sovereign state in Eastern Europe and Central Asia
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Amdocs
company
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