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VEON's Kyivstar and Come Back Alive Launch New Fundraising Campaign for Demining Ukraine
VEON .VEON .(US:VEON) GlobeNewswire News Room·2024-08-14 16:00

Core Points - VEON Ltd. announces the launch of We Live Here 2.0, a fundraising campaign aimed at supporting the demining of Ukrainian territory in collaboration with the Come Back Alive Foundation and the Ministry of Economy of Ukraine [1][2] - The campaign aims to raise UAH 100 million (approximately USD 2.4 million) to supply minesweepers with Ukrainian-made robotics, vehicles, and communication tools, with VEON's Kyivstar contributing UAH 30 million [2][3] - The first stage of the initiative raised over UAH 180 million (USD 4.8 million) to support 146 engineering and minesweeping groups [2][3] Company Initiatives - VEON and Kyivstar are committed to the recovery and rebuilding of Ukraine, with the second phase of the demining project building on the success of the initial campaign [3] - Kyivstar emphasizes the importance of demining for making liberated territories safe and accessible, and aims to enhance the efficiency and safety of minesweepers through innovative technologies [4][5] - The campaign encourages other Ukrainian businesses to participate and has established user-friendly payment systems for global donations [4] Operational Context - Approximately 150,000 km² of Ukrainian territory requires demining, and the initiative aims to provide minesweepers with essential equipment for safer operations [5] - Kyivstar is the largest telecommunications operator in Ukraine, with 24 million mobile subscribers and over 1.1 million home internet subscribers, maintaining network availability above 90% [6] - VEON operates across six countries, serving nearly 160 million customers and focusing on technology-driven services that promote economic growth [7]