Veon, Ukrainian Government to Work on AI Data Center

Dow Jones06-27
 
 

Veon plans to work with the Ukrainian government to advance the country's digital infrastructure and economy, including with the buildout of an artificial-intelligence data center.

The company said Friday its Kyivstar Group unit, which provides connectivity and digital services, signed a memorandum of understanding with Ukraine's Ministry of Economy for the collaboration.

Under the agreement, the parties will look into establishing an AI-ready data center in Ukraine. Veon is expected to support implementation through its financial backing and expertise, the company said.

The initiative aims to strengthen Ukraine's technological sovereignty in AI and boost investment into the country's digital economy, the company said.

"The development of domestic AI infrastructure is an important step in strengthening Ukraine's economic resilience and technological independence," Ukraine's Minister of Economy Oleksii Sobolev said.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

June 26, 2026 13:20 ET (17:20 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment