Eurobites: VEON sees credit score rankings slide as Ukraine carnage hits residence

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


  • VEON, the Amsterdam-headquartered however Russia centered telco, has had its credit score rankings downgraded by businesses Fitch and S&P, reflecting “the numerous deterioration of the Russian and Ukrainian working environments in these nations,” which is a technique of describing the mayhem attributable to 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 observe 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 start out later this 12 months. In response to the 2 corporations, 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 can assist a wider vary of operations. Nokia’s AirScale radio gear, cellular packet core, IP/MPLS service aggregation routers and Wavence microwave transmission all kind a part of the deployment.
  • It appears corporations are getting themselves ready for a (someday) post-pandemic future the place “hybrid working” (some days within the workplace, some at residence) turns into the norm. Thus far this week we’ve got seen
      BT conform to lease 65,000 sq. ft of workplace area at No. 3 Capital Quarter within the heart of Cardiff as its new Welsh hub. The workspace will change into at the least a part-time residence to as much as 900 staff. As is changing into de rigueur nowadays, a roof terrace can be offered in order that staff can profit from 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 manner that it permits staff to work smarter, collaborate otherwise and innovate, while additionally being a supply of inspiration and call between colleagues, companions and prospects.”


      Qatar-based operator Ooredoo decide to versatile working as a everlasting association, following a trial which started final 12 months. Staff can be given the choice to work a “versatile day” and work at home two days per week. The operator can also be trialing an association whereby staff can select to work at home at a location outdoors Qatar for as much as 4 weeks a 12 months.



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

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

    (Supply: BT)




  • Safaricom has signed a multi-year contract with Intelsat to broaden its LTE protection in Kenya. Intelsat will present the operator with each mobile backhaul over satellite tv for pc and enterprise connectivity companies. Practically three-quarters of all Kenyans stay in rural components of the nation, so widening entry to LTE will assist drive digital growth in such hard-to-reach areas. Earlier this month Intelsat agreed an identical 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 attraction. The charity is at the moment taking on CEO Tim Httges’ LinkedIn account for per week, the place it can report on assist measures being offered for Ukraine and its refugees.

    Paul Rainford, Assistant Editor, Europe, Mild Studying



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