VEON - VEON's Kyivstar Extends Energy Resilience of Network | Benzinga
Kyivstar addresses power blackouts with industrial-grade generator fleet
Amsterdam and Kyiv, 17 July 2024: VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON)), a global digital operator that provides converged connectivity and online services, announces that its wholly owned subsidiary Kyivstar continues to invest in resilient connectivity for Ukraine, with plans to deploy and additional 848 industrial generators and 61,766 batteries to enable service continuity during the extended blackouts caused by attacks on Ukraine's energy infrastructure.
From the outset of the war, resilience has been a major focus of Kyivstar's strategy to maintain crucial communication services and safeguard digital operations. Kyivstar has deployed 2,322 generators and 115,000 four-hour duration batteries at base stations to provide backup power during blackouts. Today's announcement that Kyivstar plans to deploy an additional 848 stationary industrial generators and 61,766 new batteries is a further investment building on the earlier efforts to support the business continuity of the operator's network.
"Energy resilience and preparedness against blackouts have been at the centre of our investment priorities since the end of 2022. Consistent and significant investment of over USD 24 million over the last two years has helped us improve energy resilience. However, the changing nature of ...