Veon expects customers using Starlink in Ukraine to reach 12 million this year

Core Insights - Veon anticipates that the number of Starlink users in Ukraine will increase to approximately 12 million by the end of this year, up from 5 million currently [1] - The partnership with SpaceX aims to enhance satellite connectivity for mobile users in remote areas, particularly in Ukraine, where the service is provided by Veon's unit, Kyivstar [1] - CEO Kaan Terzioglu emphasized the necessity of satellite connectivity due to electricity outages in Ukraine, suggesting that nearly every Ukrainian may need this service [1] Company Developments - Veon has signed a partnership with SpaceX to provide satellite connectivity, reflecting a strategic move to compete in the growing satellite-to-smartphone connectivity market [1] - The company plans to integrate Starlink's service into its Beeline network in Kazakhstan, with hopes of full operation by the end of March [1] - There are intentions to launch Starlink services in at least one additional country among Pakistan, Bangladesh, and Uzbekistan within the year [1]