VEON and Amdocs Sign 10-Year AI Technology Deal to Transform Digital Operator Strategy in Eurasia

VEON Amdocs Partnership Targets AI-Driven Transformation

VEON Ltd., a global digital operator serving over 150 million connectivity customers, has entered a 10-year strategic agreement with Amdocs to modernize core technology operations and accelerate its digital operator strategy across Eurasia1

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. Under the deal, Amdocs will continuously run and modernize VEON's core technology operations while providing long-term cost predictability across IT operations in the region1

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. The partnership combines QazCode's technology expertise with Amdocs aOS, an agentic operating system purpose-built for telecommunications, marking a significant step in VEON's evolution toward intelligent agentic autonomy1

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AI Technology Already Drives 27% of Revenue

Digital and AI services have become increasingly critical to VEON's business model, already accounting for approximately 27% of the company's group revenue with continued growth expected1

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. VEON CEO Kaan Terzioğlu emphasized that QazCode has been instrumental in building the technology and talent necessary to deliver enhanced digital experiences to millions of users2

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. The adoption of Amdocs' aOS capabilities represents a natural progression in this journey, creating a foundation for continued innovation through AI-driven solutions over the next decade1

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. Operating across five countries representing more than 6% of the world's population, VEON serves over 228 million digital customers, positioning the company as one of the industry's most ambitious digital operators1

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Amdocs Expands Footprint in Kazakhstan and Uzbekistan

The agreement significantly expands Amdocs' presence in Kazakhstan, Uzbekistan, and the broader Eurasia region, where the company identifies substantial growth opportunities1

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. Anthony Goonetilleke, Group President of New Growth Horizons at Amdocs, stated that VEON represents exactly the type of partner for which aOS was developed, with the platform designed to transform operations, customer experiences, and digital services through verticalized, telco-specific AI technology1

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. QazCode, VEON's AI company and the exclusive digital partner of Beeline Kazakhstan, brings over 750 employees with 8 years of experience in software development for telecommunications and IT markets1

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. The company's solution portfolio includes private Large Language Models focused on data security, Business Support Systems implementation, and IT outsourcing capabilities1

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Market Response and Strategic Implications

Amdocs shares rose following the announcement, trading at $59.45 with a 1.64% increase, while VEON shares remained relatively stable2

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. The partnership reflects both companies' shared ambition to shape the next era of digital operator capabilities through AI-powered infrastructure and operational efficiency improvements1

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. Amdocs, which reported revenue of $4.53 billion in fiscal 2025, brings more than 40 years of experience running mission-critical systems globally, processing billions of transactions daily1

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. The 10-year timeframe provides VEON with the stability and cost predictability necessary to execute its digital transformation strategy while allowing Amdocs to demonstrate the long-term value of its agentic operating system in a major telecommunications deployment across multiple markets1

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