VEON Ltd. (VEON) gained in the current market after announcing the winning of the Global Mobile Award 2022. Its stock values are at $0.40, gaining more than 52.09% compared to yesterday’s closing price. The stock closed at $0.26 at the end of the last trading session. The stock volume traded in the previous trading session was around 17.85 million shares. The current market cap of the company is about $1.38 billion.
VEON: Winner of Global Mobile Awards 2022
The company has announced that its MobileID Service has won the Global Mobile Awards 2022 award for Best Mobile Operator Service for Connected Consumers. On March 2nd, 2022, at the Mobile World Congress in Barcelona in the Global Mobile Awards.
The GSMA’s universal identity service, Mobile Connect, has constructed VEON’s MobileID. Customer authentication would not need any password. Using the Permission Centre module, users can manage and restrict rights previously granted to service providers, such as filling out credit application forms. A device’s SIM card is used to implement MobileID, allowing it to work on any handset, even feature phones.
VEON CEO’s Remarks
VEON CEO Kaan Terziolu expressed his joy at winning the Best Mobile Operator Service for Connected Consumers award. An industry-wide effort to ensure client data is protected and kept by licensed, regulated, and the Global Mobile Awards have recognized locally-based service providers. We will actively promote its use through operator acceptance and interoperability agreements.
Conclusion
The company is amongst Ukraine’s most extensive mobile networks. The current emergency in Ukraine has caused businesses to halt. The pandemic has already taken a toll on the company’s stock value. Despite reporting a strong financial statement for the fourth quarter of fiscal 2021, the stock has continued to drop. However, the company’s stock has risen in today’s trading session due to the company’s news that it had won the Global Mobile Awards 2022.
