Log In

 
Company : ZTE Corporation 
Wednesday, February 24, 2016 8:36PM IST (3:06PM GMT)
 
(BW)(ZTE-CORPORATION)
VimpelCom Introduces Network Virtualization Across Five Markets
Amsterdam, United States

VimpelCom Ltd. (NASDAQ: VIP), the international communications and technology company that is committed to bringing the digital world to each and every customer, announces plans to build a complete virtual network infrastructure providing 4G, 3G and 2G mobile data services to customers across five markets in 2016. VimpelCom has engaged ZTE Corporation (0763.HK / 000063.SZ), an international provider of telecommunications technology solutions, to build the new network environment.

 

ZTE’s virtual Evolved Packet Core (vEPC) network will be introduced in Kyrgyzstan and Laos in February 2016. Following these two markets, VimpelCom plans to introduce the fully virtualized network in Uzbekistan, Armenia, and Tajikistan during the course of 2016. With virtualization, the networks in the five VimpelCom markets will move from a legacy-heavy network made up of separate network elements to a common software-driven, lean infrastructure.

 

Yogesh Malik, Group Chief Technology Officer at VimpelCom said: “VimpelCom believes in instant innovation. Investing in innovative solutions to reinvent our network is high on the agenda as we transform into the digital operator of the future. We are convinced that virtualization represents the new way forward for the industry. The reinvention of the current network to one that is software-driven and asset-light plays an important part in our digital transformation and is a leap forward in bringing the digital world to each and every customer as they navigate their digital lives.”

 

Network Functions Virtualization (NFV) in the core network enables a more effective resource utilization and flexible maintenance for operators, and allows more flexibility in new network functions and product introductions, resulting in a seamless experience for our customers.

 

DISCLAIMER:

 

This release contains “forward-looking statements”, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, our digital transformation, our plans to build and introduce a virtual network, and the expected timing, benefits and results of network virtualization. The forward-looking statements included in this release are based on management’s best assessment of the Company’s strategic and financial position and of future market conditions, trends and other potential developments. Forward-looking statements involve risks and uncertainties. The actual outcome may differ materially from these statements as a result of: continued volatility in the economies in our markets; unforeseen developments from competition; governmental regulation of the telecommunications industries; general political uncertainties in our markets; and government investigations or other regulatory actions and/or litigation with third parties. Certain other factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in the Company’s Annual Report on Form 20-F for the year ended December 31, 2014 filed with the SEC and other public filings made by the Company with the SEC. The forward-looking statements speak only as of the date hereof, and the Company disclaims any obligation to update them or to announce publicly any revision to any of the forward-looking statements contained in these presentations, or to make corrections to reflect future events or developments.

 

About VimpelCom

 

VimpelCom (NASDAQ: VIP) is an international communications and technology company driven by a vision to unlock new opportunities for customers as they navigate the digital world. Present in some of the world’s most dynamic markets, VimpelCom provides more than 200 million customers with voice, fixed broadband, data and digital services. VimpelCom’s heritage as a pioneer in technology is the driving force behind a major transformation focused on bringing the digital world to each and every customer. VimpelCom offers services to customers in 14 markets including Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia, Laos, and Zimbabwe. VimpelCom operates under the “Beeline”, “Kyivstar”, “WIND”, “Mobilink”, “banglalink”, “Telecel”, and “Djezzy” brands.

 

Follow us on Twitter @VimpelCom, visit our blog @ blog.vimpelcom.com or website @ http://www.vimpelcom.com

 

 

 

 

 
For News Release background on ZTE Corporation click here
 
Media Contact Details
CONTACTS : VimpelCom Ltd. Media and Public Relations Marta Tomczak, +31 20 79 77 200 (Amsterdam) pr@vimpelcom.com or Investor Relations Remco Vergeer, +31 20 79 77 200 (Amsterdam) ir@vimpelcom.com
 
 
Submit your press release
More News from ZTE Corporation

27/05/2016 9:27AM

ZTE Launches Flagship AXON 7 Smartphone, Endorsed by World Renowned Pianist Lang Lang

ZTE, a leading global mobile device maker, officially unveiled its latest flagship device, the AXON 7, at the Park Hyatt in Beijing. During the launch, it was also announced that Lang Lang, a world renowned pianist, ...

13/05/2016 9:26AM

ZTE Becomes Co-Sponsor of Top German Football Team Borussia Mönchengladbach

After recently announcing a partnership with Sevilla FC, ZTE is continuing to expand its European sponsorship activities by signing a sponsorship agreement with top German football team Borussia Mönchengladbach. ...

03/05/2016 6:40PM

ZTE Mobile Devices Brings ZTE Tour for Consumers to Spain, Following Success Throughout Europe and the United States

ZTE Mobile Devices, a leading global mobile device maker, today announced that following its success in European countries and the United States, its traveling roadshow for consumers to experience ZTE devices is ...

Similar News

25/05/2018 12:46PM

IBIN Introduced into Billion Dollar Blockchain Market by Hybrid Stock Exchange

Hybrid Stock Exchange, a blockchain based trading platform using the released IBIN as a blockshare identifier, are all set to adopt innovative features to sustain the needs of the ever growing industry. Watch the HYBSE ...

No Image

25/05/2018 12:31PM

IDEMIA Will Present Its Q1 2018 Financial Results to Investors on May 25, 2018

IDEMIA, the world leader in Augmented Identity, announced that it will present its Q1 2018 financial results to investors on Friday May 25, 2018.   Didier Lamouche (CEO) and Frédéric Beylier (COO) ...