VEON Launches KINOM Digital Entertainment Platform in Uzbekistan
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global digital operator, has made significant strides in enhancing digital entertainment by launching the KINOM platform in Uzbekistan. With a rich content library featuring over 130 channels of linear TV and a variety of on-demand films and TV series, KINOM aims to cater to all mobile users in the region.
Empowering Local Content and Connectivity
KINOM was developed with a focus on local culture, ensuring that the content resonates with the audience by providing a wide range of films and programs in Uzbek. This initiative is part of VEON’s larger mission to enhance digital experiences through its DO1440 strategy, which aims to provide continuous digital engagement throughout the day.
Full HD Streaming Experience
This innovative platform guarantees users Full HD streaming capabilities across various devices, including Apple and Android smartphones, Smart TVs, and computers. By prioritizing local language content, KINOM not only elevates the viewing experience but also bolsters the contributions of local content creators.
VEON's Commitment to Digitalization
Kaan Terzioglu, the CEO of VEON Group, expressed pride in contributing to the digital transformation of Uzbekistan. He emphasized that this launch complements VEON's ongoing efforts, including expanding 4G coverage through Beeline, which targets every corner of the country. KINOM aligns seamlessly with VEON's digital service portfolio, which includes entertainment, fintech, and adtech solutions.
Broader Impact on the Region
KINOM adds to VEON's suite of successful digital platforms, inheriting the success of Tamasha—operating in Pakistan with an impressive 18 million monthly active users—and Toffee in Bangladesh with 12.3 million active users. As of mid-2024, VEON reported a robust user base, with a commendable 110 million monthly active users engaging with its various digital services.
Financial Implications of VEON's Digital Strategy
VEON's commitment to interactive and engaging digital services is evident, as the revenues generated from digital activities exceeded 10% of the overall revenue in the first half of 2024. This indicates an increasing reliance on digital services as a significant revenue stream within the company.
About VEON
With a customer base nearing 160 million, VEON stands as a formidable player in the digital realm, delivering converged connectivity and a plethora of digital services across six countries, representing a significant portion of the global population. The company's headquarters are in Amsterdam, with its stocks traded on Nasdaq and Euronext.
For additional details, please visit www.veon.com.
Contact Information
VEON
Hande Asik
Group Director of Communications
pr@veon.com
MHP Group
Julian Tanner
Julian.tanner@mhpgroup.com
Frequently Asked Questions
What is KINOM?
KINOM is a digital entertainment platform launched by VEON in Uzbekistan, offering a wide array of local and international content.
Why is KINOM focused on local content?
KINOM prioritizes local content to ensure it resonates with the audience, enhancing cultural relevance and supporting local creators.
How many users does VEON serve?
VEON serves nearly 160 million customers across six countries, positioning itself as a leader in digital connectivity and services.
What devices support KINOM streaming?
KINOM supports Full HD streaming on various devices, including smartphones, Smart TVs, and computers.
What role does VEON play in digitalization?
VEON plays a crucial role in digitalization by providing advanced digital services that promote connectivity, entertainment, and economic growth in the regions it operates.
