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VEON Flat Despite Favourable World Cup News for Bangladeshi Platform

VEON Ltd. (NASDAQ: VEON), a global digital operator that provides converged connectivity and online services, announces that Banglalink’s Toffee, the largest digital entertainment platform in Bangladesh, has reached over 25 million viewers for its FIFA World Cup streaming service during the tournament’s ’Round of 16’ stage.

The Toffee digital entertainment platform is operated by Banglalink, VEON’s digital operator in Bangladesh, and offers open access to customers of all telco operators in the country.

“World cup streaming has proved to be a compelling digital operator service and demonstrates the huge potential for digital entertainment on mobile devices,” stated Bangalink CEO Kaan Terzioglu.

“For the first time in history, football fans in Bangladesh can watch their much-loved sport from a device of their choice wherever they are in the country. The high-speed connectivity and world-class services are fueling Bangladesh’s dynamic economic growth and empowering the lives of people.”

The Amsterdam-based VEON is a global digital operator that currently provides converged connectivity and online services to over 200 million customers in seven dynamic markets. We are transforming people’s lives, empowering individuals, creating opportunities for greater digital inclusion and driving economic growth across countries that are home to more than 8% of the world’s population.

VEON shares docked two cents, or 3.3%, to 58 cents mid-morning Thursday.