VEON, a telecom and digital services provider operating in five countries, reported 57.7% growth in digital services revenue in Q1, now comprising over 25% of its total revenue. The company is actively integrating AI into its diverse digital offerings, including financial services and entertainment, and is developing local-language LLMs to leverage its telecom network as a low-cost distribution layer for AI. VEON aims for digital services to represent half of its total revenue by 2030, framing itself as a "digital services and enterprise company, which also has a telecom license."
Add StreamingMeme as a preferred source on Google to see more of our streaming news at the top of your Search results.
Add as preferred sourceVEON's strategy highlights a growing trend among telcos to evolve beyond connectivity providers. By positioning its network as a primary distribution layer for AI, VEON capitalizes on its direct customer access and existing infrastructure to lower AI service delivery costs, particularly in markets where hyperscaler solutions might be prohibitively expensive. This approach could redefine the telco role, shifting from a pure utility to a vertically integrated digital services company, framing itself as a 'digital services and enterprise company, which also has a telecom license.' Watch for other telecom providers in emerging markets to adopt similar AI distribution and localization strategies that challenge traditional cloud service models.
