VEON Unveils the New Beeline Uzbekistan Network Operations Center, Launches BuildX to Accelerate Software Development in Uzbekistan

Dubai and Tashkent, January 26, 2026: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or, together with its subsidiaries, the “VEON Group”), today unveiled the new network operations center for Beeline Uzbekistan in Tashkent, in a ceremony attended by Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan, and Kaan Terzioglu, VEON Group CEO as well as Beeline Uzbekistan board members and its executive team. Today, VEON also launched BuildX, its new software development and artificial intelligence company in Uzbekistan.

Beeline Uzbekistan’s Network Operations Center (NOC) in Tashkent serves as a digital command hub, providing around-the-clock oversight of more than 5,850 base stations and ensuring connectivity for 7.7 million Beeline Uzbekistan customers as of September 2025. Operating as a proactive monitoring center, it detects outages in real time, enabling engineers to coordinate rapid repairs often before users experience service disruption. The NOC continuously tracks critical network performance metrics, reinforcing the customer experience on the Beeline Uzbekistan network, which was recently recognized as Uzbekistan’s most consistent network according to independent analysis by Opensignal.

In addition to the NOC, Beeline Uzbekistan also operates a dedicated Security Operations Center (SOC) that monitors and responds to cybersecurity threats across its network and digital services. Working closely with IT and development teams, the SOC supports rapid response and helps maintain a secure and reliable digital environment for customers and partners.

BuildX, a new software development and AI company, and a resident of Tashkent’s IT Park, builds on VEON’s existing software development capabilities, including QazCode in Kazakhstan, which has developed AI-driven applications, cloud-native platforms, enterprise systems and data analytics solutions for customers. BuildX will focus on developing scalable, export-ready technology solutions, contributing to Uzbekistan’s ambition to further develop its digital economy and enhance its position as a technology hub in Central Asia.

“Uzbekistan has a fast-growing digital economy driven by robust policies that support digital transformation. We are determined to make our country a regional technology hub, building on this policy foundation, strong private sector players and our young digital talent,” said Minister Sherzod Shermatov at the opening ceremony. “I commend VEON for its continuous investments into Uzbekistan’s digital economy and for their proactive participation in our vision with initiatives spanning many areas of digital growth including customer services on digital platforms, essential connectivity and digital talent development.”

“The two significant initiatives that we announce today demonstrate our commitment to Uzbekistan’s digital future. Our state-of-the-art Network Operations Center will enhance Beeline Uzbekistan’s capability to deliver outstanding customer experience. Our enterprise solutions company BuildX will empower Uzbek and international businesses with AI and digital solutions that enhance people’s lives and access to services,” said Kaan Terzioglu, VEON Group CEO and Beeline Uzbekistan Chairman. “We are delighted not only to support our customers and business partners, but also to contribute to the digital economy vision of Uzbekistan with these and other initiatives.”

As a subsidiary of VEON, BuildX will develop advanced software, digital platforms and AI solutions for the Group, its operating companies, and the broader enterprise market. BuildX plans to enhance its team by recruiting and training local engineers and data scientists, contributing to the development of national talent with advanced digital skills in Uzbekistan. It will collaborate with universities, startups, and technology partners to foster innovation and strengthen the local tech ecosystem.

About BuildX

BuildX (LLC “U-CODE”) is a company in the field of software development and artificial intelligence under the BuildX brand, and a resident of IT Park Tashkent. The company develops technological solutions leveraging VEON’s expertise in digital and AI development.