In less than one year, Starlink Mobile Connects 11 Million People Across VEON’s Three High Growth Markets

manilatimes.net · 2026-10-19

In less than one year since the service launched in Ukraine, Kazakhstan and Bangladesh, the direct-to-device service has connected a combined 11 million people From Ukraine to Central Asia and South Asia, the service has the potential to reach more than 40 million people across VEON’s footprintDubai, New York and Starbase, 19 October 2026 - VEON Ltd. (Nasdaq: VEON), a global digital operator, and Starlink Mobile today announced that more than 11 million unique VEON customers have now connected to the direct-to-device service at least once in locations where cell signal cannot reach. VEON customers can use satellite-ready apps, share location, and send messages via apps and SMS on their existing LTE compatible phones.

TickrTrends take: VEON operates in competitive telecommunications markets where Starlink Mobile's rapid expansion to 11 million users represents a significant competitive threat to traditional mobile operators. Given TickrTrends' current overvalued assessment of VEON, investors should monitor whether the company's revenue growth and market share in these high-growth markets can sustain its current valuation amid intensifying satellite-based competition. The emergence of alternative connectivity providers in VEON's key markets adds urgency to tracking the company's ability to maintain pricing power and customer retention going forward.

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