Huawei 5G News

Huawei 5G News

Huawei Starts International Rollout of Third-Gen 5G Massive MIMO in the Philippines
Sep 22, 2022

Manila, Philippines, September 22 2022. Huawei has started to commercially deploy its third-generation 5G Massive MIMO outside China, with the Philippines being the first major recipient. The major product in the third-generation 5G RAN series, MetaAAU, brings 5.5G technologies to 5G networks and represents a key path for 5G network evolution. Next-generation innovative technologies, such as ultra-wideband, multi-antenna, and extremely large antenna arrays, significantly improve spectral and energy efficiency and can help operators build future-oriented simplified, green, high-performance 5G networks.

The 3.5GHz MetaAAUs deployed in the Philippines boost download and upload speeds by 35%, and expand the coverage radius by 30% given the large inter-site distances there. As a result, more users can access 5G networks and average traffic increases by 37%. MetaAAU helps achieve cross-generation performance and ROI goals.

Since 5G was put into commercial use three years ago, the Philippines has been building 5G networks utilizing the wide bandwidth of the mid-band, and deployed Massive MIMO products to quickly deliver continuous 5G experience while meeting the growing 4G capacity demands. Now, 5G networks have covered 90% of the population in the National Capital Region. Further 5G development in the Philippines must overcome the challenge of large inter-site distances. The third-generation 5G RAN series, with the 3.5GHz MetaAAU as the iconic product, can address this challenge and meet the network development requirements, and underpins the construction of dual-band networks with optimal experience in the Philippines.

Yang Chaobin, President of Huawei’s Wireless Solution, said, “Ultra-wideband, multi-antenna, and extremely large antenna arrays are important innovations for improving coverage and reducing energy consumption. We believe that continuously improving the utilization of air interface resources will be conducive to the sustainable development of the communications industry in the Philippine.”

Huawei’s Dr. Wen Tong: 5.5G Is Necessary for Bridging 5G to 6G
Sep 09, 2022

Paris, France, September 9, 2022. At the Industry Conference & Exhibition (IC&E) 2022 hosted by the Next Generation Mobile Networks (NGMN) Alliance, Dr. Wen Tong, Huawei Fellow and CTO of Huawei Wireless, delivered a keynote speech titled “Bridging 5G to 6G”. In his speech, Dr. Tong explained the driving forces and plans that can help 5G evolve into 6G, noting that 5.5G is a necessary step to accelerating this development.

Dr. Wen
Dr. Wen Tong, Huawei Fellow, delivering a keynote speech at the IC&E 2022
New Services Drive 5G to 5.5G to Provide New Capabilities.

5G is developing worldwide, with up to 40 base stations available on average for every 10 thousand users. In China, 5G is serving more than 30 vertical industries, directly creating an economic output worth US$1.3 trillion in 2021. Emerging 2C and 2B applications require further advancements in 5G capabilities, and this is driving the evolution to 5.5G, which will be defined by the improvements on enhanced Mobile Broadband (eMBB), ultra-reliable low-latency communication (URLLC), and Massive Machine-Type Communications (mMTC), and also new capabilities for sensing, passive IoT, positioning, and intelligence. With them, 5.5G will be able to support 10 Gbps downlink, 1 Gbps uplink, 100 billion-level connections, and native intelligence, embarking on a new journey of 5G.

Ultra-high Bandwidth Is Essential to Downlink 10 Gbps.

Ultra-high bandwidth is only possible with sufficient spectrum, and this highlights the urgent need to fully use sub-100 GHz resources. By adding 200 to 400 MHz bandwidth of the 6 GHz band and 800 MHz bandwidth of mmWave to the existing 100 MHz FDD and 100 MHz TDD spectrum pools, the industry will be able to bring 10 Gbps to all users anytime, anywhere.

Uplink-Downlink Decoupling for Multi-Band Convergence Is the Basis of Uplink 1 Gbps.

Industry digitalization requires uplink to be far more powerful than downlink. With uplink-downlink decoupling, uplink and downlink spectrum on different bands can be flexibly combined to support 2B, including existing FDD spectrum and newly defined uplink-only spectrum. Through uplink/downlink decoupling, spectrum convergence will be possible to ensure 1 Gbps uplink.

To date, uplink-downlink decoupling has been commercialized in mining, steel, and many other industries to ensure 1 Gbps uplink for simultaneous 100-channel transmission of HD videos, 360° remote control, and other 2B applications.

“5.5G will bridge 5G to 6G. 5.5G and 6G will be fundamental to linking the physical world to digital and intelligent worlds,” Dr. Tong concluded. “The success of the mobile industry depends on unified standardization and industry collaboration. Let’s jointly advance to 5.5G and boost collaboration to accelerate technology maturity for a sustainable future.”

Huawei 5G Core is strongest among all solutions
September 7, 2022 By Yash Mishra

A new report from GlobalData has ranked the Huawei 5G phone core as the strongest and 5G core solutions across the globe. Fortunately, Huawei is again standing at the top of the market, this time for its 5G-oriented technologies and solutions.

By the term again, we mean that the Chinese tech giant has constantly scored this place since 2019. For four years, Huawei 5G core solutions have remained one of the best, strongest, and most used solutions around the world.

Speaking about the report source, GlobalData is an eminent data analytics and consulting institute in the ICT sector. It provides an accurate analysis of the network stability, and transitions to 5G. In the latest edition, the organization surfed over how the 5G core network acts with the live network.

In this report, a total of 5 manufacturers have gained reputable positions in the GlobalData report. To begin with, Huawei has maintained its position in the first rank. Thereafter comes the Ericsson dual-mode core which is 2.3 times lower than Huawei.

The third position is grabbed by ZTE 5G common core. And the last two positions are for Nokia and Cisco respectively.

What is 5G Core?
You might be wondering what is 5G Core. Well, the networks ranging from 2G to 5G will remain in this world for a longer period. Hence, the tech makers have to provide a 5G core solution that can alternate efficient network growth towards the 5G networks.

Moreover, these core solutions help the standalone networks (5G) to face the challenges of several RATs (Radio Access Technology), and complex O&M (Operations and Maintenance).

The report is also based on some key factors which are given below.

Architecture Resilience: Huawei 5G core uses telco cloud and microservice-centric architecture. This provides Strong and reliable solutions that help the operator to develop ultra-stable and premium networks, software overload protection, and on-demand in-service upgrades.

Solution Maturity: Since the 5G core solutions of Huawei carries advanced mechanism, it provides durable solutions to the operators. For instance, the Mobile VPN solution is running in more than 500 enterprises across the world. Ultimately, it has also covered huge sectors – public services, healthcare, remote offices, and more.

Network Evolution: Huawei has already imposed the Single Packet Core and Single Voice Core on its solutions. Consequently, these elements help in converging data and voice networks more comprehensively. Furthermore, these elements can provide services for all types of networks ranging from 2G to 5G. It also eases the O&M evolution for the firms.

Network Automation: Huawei 5G Core has also scored good marks in network automation. The company has used the autonomous driving network that depends on the telco cloud. Thus, this solution aids the high network stability, efficient network change, and optimal experience and uplifts the ADN level to the fourth grade (L4).

With such types of technologies and solutions, Huawei will definitely achieve a good height in the business and digital economy.

Huawei 5G Core Continues to Rank No.1
GlobalData Releases 5G Mobile Core Competitive Landscape Assessment
Aug 29, 2022

[Shenzhen, China, August 29, 2022] GlobalData recently released a report entitled 5G Mobile Core: Competitive Landscape Assessment. The assessment concluded that Huawei 5G Core portfolio is the strongest, rated as the “leader” among all the 5G core solutions and use cases around the world. The score gap between Huawei and No.2 is up to 2.3 times that of 2021, and this is the fourth straight time Huawei 5G Core has been rated as the global leader since 2019.

5G Core Ranks
Huawei 5G Core Ranks as Global Leader for Four Consecutive Years
GlobalData is a world-renowned data analytics and consulting company in the ICT industry. It provides expertise in market research and predictions in addition to vendor analysis. According to the report, higher requirements are posed on network stability, and in turn on network reliability design as more global core networks go cloud and transition to 5G. Facing this trend, how a 5G core network solution performs on live networks is weighed more when evaluating whether it is ready for commercial use.

As 2G, 3G, 4G, 5G Non-Standalone (NSA), and 5G Stand Alone (SA) networks will coexist for a long time, equipment vendors need to provide a 5G core network solution that can facilitate smooth network evolution towards 5G SA and utilize a convergent core network architecture to address the challenges of multiple RATs coexistence, like complex O&M. Moreover, equipment vendors’ technical innovation and commercial use progress in autonomous driving network and voice services are also key assessment indicators involved in this report.

Architecture Resilience: Huawei 5G Core was developed based on the telco cloud and microservice-centric architecture. Through the Rock-solid Reliability Advanced solution, Huawei 5G Core helps operators build ultra-reliable, premium networks characterized by hardware fault tolerance, software overload protection, service running as usual upon emergencies, and on-demand in-service upgrade, making services always online.

Solution Maturity: Huawei 5G Core is leading the large-scale commercial use worldwide with stable and reliable live network performance to helping operators quickly develop users and innovate services. Specifically, Huawei 5G Core helps operators replicate 5GtoB innovation projects in large scales. For instance, the Mobile VPN solution has been successfully piloted and put into commercial use in more than 500 enterprises around the world, covering a wide range of scenarios like campus private networks, public services, healthcare, and remote offices.

Network Evolution: Huawei has adopted the Single Packet Core (SPC) and Single Voice Core (SVC) solutions to build a microservice-based, fully convergent data and voice network, which is unique in the industry and can provide services for 2G, 3G, 4G, 5G NSA, and 5G SA subscribers on one network. It also simplifies the networking and O&M and realizes smooth evolution.

Network Automation: Huawei 5G Core also did well in network automation. The company has put forward the autonomous driving network (ADN) solution that relies on the telco cloud. This solution implements high network stability, efficient network change, and optimal network experience and helps lift the ADN level to L4.

With continuous innovation, exploration, and commercial practices of all sectors, 5G industry development has embarked on the fast track, and a robust core network will back up the process. Huawei will continue to further develop and commercialize its 5G Core solution, helping global operators advance the development of their 5GtoC and 5GtoB services and achieve business success.

Huawei exec responds to company’s ban from Canada’s 5G rollout

China Unicom Beijing and Huawei First to Commercialize 64T64R MetaAAU for Better In-depth Coverage in Residential Areas
Aug 17, 2022

China Unicom Beijing spearheaded the commercialization of Huawei’s brand-new 64T64R MetaAAU in a pilot urban residential area in Tongzhou District, which is home to a large number of 5G users who have a huge demand for 5G services. The rollout of 64T64R MetaAAU resulted in a significant increase in user-perceived rates. Even at a building near the cell edge, the downlink user-perceived rate was able to reach 100 Mbps on every floor. This breakthrough technology transcends the longstanding challenges facing deep residential area coverage to further develop ubiquitous gigabit high-quality 5G networks.

64T64R MetaAAU is an upgrade of the Huawei MetaAAU series that adopts extremely large antenna array (ELAA) technology for optimal performance and energy efficiency. The number of channels has grown from 32T32R to 64T64R, meaning this brand-new green 5G base station Massive MIMO product can deliver strong coverage, large capacity, and outstanding experience.

Since the commercialization of 5G, China Unicom Beijing has built gigabit 5G networks in urban areas for continuous coverage by deploying Massive MIMO products based on the 3.5 GHz large bandwidth. In the first half of this year, China Unicom Beijing also extended gigabit 5G networks in multiple villages. However, the limited uplink coverage and small coverage radius of mid and high bands pose challenges for network construction in scenarios requiring strong coverage, such as densely populated urban areas. MetaAAU boosts coverage and is the ideal option for China Unicom Beijing for delivering enhanced coverage and gigabit 5G experience both indoor and outdoor through wall penetrating signals.

Fan Liqun, head of China Unicom Beijing’s 5G co-construction and sharing work team, said, “In the first half of this year, we deployed 32T32R MetaAAUs at over 1,000 sites to cement our digital village strategy. This time, we deployed Huawei’s brand-new 64T64R MetaAAUs in a residential area, and we were amazed at how well it is performing on the live network. We look forward to widely deploying this product in the future to provide our users with better 5G experience in more scenarios.”

“Since the MetaAAU was launched, we have worked with China Unicom Beijing to commercialize it in different scenarios on the live network.” said Ritchie Peng, President of Huawei 5G Product Line. “I am delighted to see the excellent performance of MetaAAU on the live network in residential areas. We will continue to work with China Unicom Beijing to test this product in more scenarios and fully unleash the power of Massive MIMO for operators.”

HUAWEI GETS AHEAD OF 5G – RELEASES 5.5G WITH 10GBPS DOWNLINK SPEED
– EFE UDIN JUNE 6, 2022

Today is the third anniversary of China’s 5G licensing. The 5G network speed currently in operation has hit 1Gbps. Now Huawei, China Mobile, and other companies have jointly released an enhanced version of 5G. This is the 5.5G network with up to 10Gbps downlink speed. Recall that the 5.5G name is in Huawei’s proposal sometime last year.

According to reports, China Mobile, Huawei, and other companies jointly released the “5G-Advanced (5G Expansion and Enhancement, hereinafter referred to as “5G-A”) New Capability and Industrial Development White Paper”, emphasizing that 5G-A “excellent network”, “Intelligent Health, Smart Simplicity”, “Low-Carbon Efficiency” and ten key technologies.

Through these key technologies, 5G-A will support a downlink 10Gbps peak rate as well as an uplink peak rate of 1Gbps. This technology also supports millisecond-level latency, low-cost 100 billion IoT, and capabilities beyond connection such as perception and high-precision positioning.

In April 2021, the 46th PCG (Project Cooperation Group) meeting was held. In that meeting, 3GPP officially identified the name of 5G evolution as 5G-Advanced. At the same time, the meeting decided that 5G-A will start from R18. Furthermore, the R18 version will be approved by the end of the year.

5G-A will define new goals and new capabilities for the development of 5G after 2025. Through comprehensive evolution and enhancement, 5G can generate greater social and economic value. 5G-A is the same as the 5.5G proposed by Huawei. Last year, Wang Tao, Huawei’s executive director and president of ICT products and solutions, said in his speech that 5.5G requires spectrum reconstruction, uplink enhancement, all-scenario IoT, and synaesthesia. The company will continue to innovate in six directions, including integration, an L4 autonomous driving network, and green and low carbon. It needs to achieve tenfold improvement in capacity. Furthermore, Huawei needs to build new network capabilities to achieve an excellent network.

Huawei and China Telecom held a joint innovation conference in Beijing and officially released the key wireless technology for 5G deterministic networks – “Super Time-Frequency Folding”. Gan Bin, vice president of the wireless network product line of Huawei Technologies Co., Ltd., believes that the super time-frequency folding is another innovation of telecommunications> Furthermore, Huawei will provide gigabit capabilities to industry scenarios.

The joint laboratory verification shows that the super time-frequency folding can improve the uplink experience to more than 1Gbps. It can also reduce the delay to less than 4ms, and improve the reliability to 6 9s. It effectively supports 5G into the core production link.

Digital Baseband Unit (BBU) Market Booming Worldwide With Leading Key Players -Ericsson, Huawei Technologies, Nokia Networks, Samsung Electronics, ZTE
May 27, 2022

The report investigates the current status of the Digital Baseband Unit (BBU) Market and analyses the future trends of the Digital Baseband Unit (BBU) market. The report explores the market opportunities available in the Digital Baseband Unit (BBU) market. The report assesses the Digital Baseband Unit (BBU) market sourced from the currently available data. The report provides in-depth information of the Digital Baseband Unit (BBU) market that helps market players understand and analyse the Digital Baseband Unit (BBU) industry in terms of key products and services, value-added products, emerging markets, and industries. The report provides basic analysis of the Digital Baseband Unit (BBU) market. The report determines the current production and future demand for the products and services, and assists the market players in planning for investment. The report analyses the major exporting and importing producers, overview of the industry, preliminary and secondary assessment of its future potential. The report summarizes the knowledge gaps and recommendations.

Key Players in the Digital Baseband Unit (BBU) market:
Ericsson, Huawei Technologies, Nokia Networks, Samsung Electronics, ZTE

The report studies the Digital Baseband Unit (BBU) market using cross-sectional multiple regression analysis. The report provides estimates for future market demand. The report also uses secondary analysis to examines the Digital Baseband Unit (BBU) market. The report provides detailed analysis Digital Baseband Unit (BBU) market value chain. The report analyses the factors affecting the Digital Baseband Unit (BBU) market. The report lists the data and trends that studies various components of the Digital Baseband Unit (BBU) market. The report reviews the current Digital Baseband Unit (BBU) market production and price patterns. The report reviews the production, imports, and profitability segments.

Digital Baseband Unit (BBU) Market Types:
3G, 4G, 5G, Other.

Digital Baseband Unit (BBU) Market Applications:
Application I, Application II, Others

Request a sample report: www.mraccuracyreports.com/report-sample/357193

Global Private 5G Network Market Forecast to 2029 – Featuring Nokia, Huawei Technologies and ZTE Among Others
May 19

DUBLIN–(BUSINESS WIRE)–The “Global Private 5G Network Market, Forecast to 2029″ report has been added to ResearchAndMarkets.com’s offering.

“Global Private 5G Network Market, Forecast to 2029”
The Private 5G Network market was valued at 1717 million US$ in 2021 and is projected to reach 25051.2 million US$ by 2029, at a CAGR of 39.8% during the forecast period.

This report focuses on the Private 5G Network market revenue at the global, regional, and company levels. Regionally, this report focuses on several key regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

Key Points Covered in the Report

-Market Revenue of the Private 5G Network Market from 2017 to 2029.
-Market Forecast for the Private 5G Network Market from 2021 to 2029.
-Regional Market Share and revenue from 2017 to 2029.
-Country Market share within the region from 2017 to 2029.
-Key Component and Frequency revenue and forecast.
-Company Market Share Analysis, competitive scenario, ranking, and detailed company profiles.
-Marker driver, restraints, and detailed COVID-19 impact on Private 5G Network Market.
-Companies Mentioned

Telefonaktiebolaget LM Ericsson
Nokia Corp.
Huawei Technologies Co., Ltd.
Samsung
ZTE Corp.
Deutsche Telekom
Juniper Networks
AT&T Inc.
Verizon Communications
Altiostar
Mavenir
BT Group
T-Systems International GmbH
Cisco Systems, Inc.
Vodafone Ltd.

Huawei USA Experts to Discuss Future of 5G at The Big 5G Event
NEWS PROVIDED BY
Huawei Technologies USA
May 11, 2022

Execs from Huawei USA will address 5G security and ecosystems during two sessions at Light Reading’s annual conference

AUSTIN, Texas, May 11, 2022 /PRNewswire/ Huawei Technologies USA will lead two discussions at Light Reading’s The Big 5G Event, which will provide unique insights into the current 5G landscape, including applications for enterprises as the U.S. adopts the technology for digitalization of businesses and industries. The multi-day conference is returning to a full in-person event, taking place in Austin May 16-18, and is expected to host more than 1,500 professionals to discuss the future of 5G networks and solutions.

Huawei Technologies USA is participating in The Big 5G Event 2022 as a gold sponsor. Audiences at the event will hear from two executives: Andy Purdy, CSO of Huawei Technologies USA and Mohamed Madkour, VP Global Wireless & Cloud Core Network Marketing and Solutions, Huawei Technologies

Panel Discussion: Security Strategies for the 5G Era
Date & time: Monday, 16 May 2022 2:50pm – 3:30pm CST
Participants: Jim Hodges, Chief Analyst, Heavy Reading; David Stehlin, CEO, Telecommunications Industry Association; Anubhav Arora, VP, Security Engineering, Cradlepoint; Andy Purdy, CSO Huawei Technologies USA
Topic: As 5G adoption continues to grow, service providers must come together to align on the future of 5G security strategies, how security strategies evolve as 5G services are commercialised, the extent to which they are prepared to meet 5G related security challenges, and the technology best practices to build integrated and holistic vs adjunct 5G security networks.
Sponsor Address: Enriching Enterprise 5G Ecosystem
Date & time: Tuesday, 17 May 2022 4:25pm – 4:40pm
Speaker: Mohamed Madkour, VP Global Wireless & Cloud Core Network Marketing and Solutions, Huawei Technologies
Topic: In this presentation Madkour will provide insights on 5G devices, applications and tools, and business models with a focus on improving inclusive connectivity economics globally.
Huawei Technologies USA has a longstanding relationship with Light Reading dating back to 2011, and has been sponsoring The Big 5G Event at a platinum level since 2016, offering its expertise in the 5G space as a global leader in 5G innovation. Spokespeople will emphasize the company’s commitment to providing widespread connectivity for all during conversations at The Big 5G Event.

Russian telcos left with Huawei as Ericsson and Nokia down tools
IAIN MORRIS, International Editor
3/2/2022

Russian telecom may have to be made in China from now on. Both Ericsson and Nokia today confirmed they would cease product deliveries to Russian customers while they assess the impact of Western government sanctions, imposed after the invasion of neighboring Ukraine ordered last week by Russia, that leaves Russian operators with only Huawei as an alternative.

It means Russian mobile operators – MegaFon, MTS and Veon – could potentially face billions of dollars in future swap-out fees to replace Nordic equipment they can no longer support. What’s unclear at this stage is just how reliant those companies are on the Western equipment vendors. But all seem to have some degree of exposure and Russia – like most other countries – has no viable domestic suppliers.

MegaFon, for instance, is known to have signed a multi-year contract for nationwide microwave backhaul with Ericsson back in 2019. It also identified Nokia as a mobile network supplier last year. Veon, an Amsterdam-headquartered operator with a huge Russian business, has bought IT products from Ericsson previously, and Nokia is understood to have replaced Veon equipment, including gear made by Ericsson, at about 2,200 Russian mobile sites, sources revealed in 2019. In its last annual report, MTS identified Ericsson and Alcatel (now a part of Nokia) among its principal suppliers.

On a bad day for Ericsson, due largely to new revelations regarding a scandal in Iraq, the Swedish company confirmed its move in a statement emailed to Light Reading. “Ericsson is also urgently reviewing how our business might be affected by sanctions imposed,” it said. “We have decided to suspend all deliveries to customers in Russia while we conduct our analysis.”

Nokia adopted a similar line. “Our focus is to ensure we comply with all sanctions and restrictions on Russia and have put a pause on our delivery system,” it said by email. “This is a complex situation which is evolving rapidly and we continue to assess it.”

The decisions are unlikely to have a major impact on either company’s business. While they do not break out financial results for most individual countries, Ericsson identified the UK as its fourth-largest market last year and generated just 3% of its revenues there. Raymond James, a bank, thinks Russia accounts for just 2% of Ericsson’s sales.

Action was taken days after US President Joe Biden announced sweeping sanctions against Russia. They include “Russia-wide restrictions on sensitive US technologies produced in foreign countries using US-origin software, technology or equipment,” said a White House statement. “This includes Russia-wide restrictions on semiconductors, telecommunication, encryption security, lasers, sensors, navigation, avionics and maritime technologies. These severe and sustained controls will cut off Russia’s access to cutting-edge technology.”

The rules could affect ZTE, a Chinese vendor that still relies heavily on US components. Any continuation of sales might land ZTE in trouble with US authorities and back on the Entity List. Named on that trade blacklist several years ago, it was unable to procure technologies it needs for its products and almost went out of business. Restrictions were lifted only when ZTE agreed to pay a crippling fine to the US Department of Justice.

Huawei aligns with China

Deemed a security threat as a big Chinese company, Huawei still features on the Entity List and is therefore subject to many of the same restrictions that now affect Russia. It has relied on stockpiles as well as in-house and other Chinese technology and has shown no public interest in halting Russian deliveries, as Ericsson and Nokia have done. A spokesperson for the company confirmed its position has not changed.

That will do nothing for Huawei’s image in Western countries horrified by Russia’s activities. Huawei has long insisted it has no connections to China’s government and is independently owned. But if it carries on with business as usual, it will appear aligned with Chinese authorities that have refused to be critical of Putin. A possible scenario is that Russia moves even further into China’s sphere of influence, replacing Western suppliers with Chinese ones across various industries.

Want to know more about 5G? Check out our dedicated 5G content channel here on Light Reading.
But the sanctions have left operators in an extremely difficult position. A wide-scale rollout of 5G has not started in Russia and Huawei’s stockpiles may have depleted by the time it does. Denied access by US sanctions to chips made by TSMC and Samsung, the world’s most advanced chip foundries, Huawei may eventually need to fall back on less sophisticated semiconductors for 5G network equipment. China currently lacks the expertise needed to produce state-of-the-art chips and is not expected to acquire it for several years.

In the meantime, Russia’s currency has plunged to a record low against the dollar after various Russian banks were ejected from SWIFT, the main international system for cross-border transactions. With interest rates jacked up to 20%, and ordinary Russians struggling to make payments, Veon’s share price has plummeted 61% since February 23.

Seeking to reassure investors, the company issued a statement about liquidity, saying it has about $2.1 billion in cash and deposits, including $1.5 billion at banks in the US, European Union and Japan. “The $1.5 billion HQ cash and deposit balance and $0.8 billion undrawn credit line under the RCF [revolving credit facility] will allow us to maintain a prudent liquidity position in these times of macroeconomic uncertainty,” said Serkan Okandan, Veon’s chief financial officer. Russian telecom is in turmoil.

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