Veon has revised its contract with Ericsson to upgrade its core IT systems in several countries in the coming years and to release Ericsson from the development and delivery of the Full Stack Revenue Manager Solution. Veon and Ericsson have signed binding terms to vary the existing agreements, and as a result, Veon said it will receive USD 350 million during the first half of this year.
This revised arrangement enables Veon to continue upgrading IT infrastructure with new digital business support systems (DBSS) using existing software from Ericsson, which is already deployed in certain operating companies within Veon. This upgrade is expected to support the creation of a more personalised, richer experience of Veon’s services for customers and, over time, reduce overall operating costs, the company said.
The announcement follows Ericsson saying last month that it was scrapping the Revenue Manager BSS. The company said the new Revenue Manager product had proven unsuccessful and had to be written off. It plans to restructure the business in order to focus on updating its existing platform, Ericsson Digital BSS.
