VEON, Amdocs sign 10-year deal to modernize IT operations in Eurasia

By Leo Marchandon Oct 7 (Reuters) — VEON has awarded a 10-year contract to Amdocs under which the IT services firm will run and modernise the telecom group's core technology operations, the companies said on Wednesday. They did not disclose the value of the deal in their statements, but two people familiar with the terms told Reuters it was around $100 million. The deal is aimed at giving VEON a lower-cost way to run the systems behind its telecommunications and digital services Deal to start in Kazakhstan and Uzbekistan and may extend to VEON's other markets Amdocs will use some technology from QazCode, VEON's software unit in Kazakhstan, in its AI-enabled telecoms operating system aOS The deal supports VEON's strategy of selling digital services, accounting for about 27% of its revenue, alongside connectivity VEON operates units in emerging markets, including Ukraine's largest telecoms provider Kyivstar (Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak) ((leo.marchandon@thomsonreuters.com)