VEON and Engro Corp Announce Strategic Partnership for Telecommunications Infrastructure
VEON Ltd. - American Depositary Shares (VEON)
US:NASDAQ Investor Relations:
veon.com/investor-relations
Company Research
Source: GlobeNewswire
Amsterdam, Dubai and Islamabad, 5 December 2024 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that it is entering into a strategic partnership with Engro Corporation Limited (“Engro Corp”) with respect to the pooling and management of its infrastructure assets, starting in Pakistan. In the first phase of the partnership, VEON’s infrastructure assets housed under Deodar (Private) Limited (“Deodar”), a VEON Group company wholly owned by VEON through its subsidiary PMCL, will vest into Engro Corp’s subsidiary, Engro Connect, via a scheme of arrangement. VEON’s digital operator Jazz will continue to lease Deodar’s extensive infrastructure for the provision of nationwide mobile voice and data services under a long-term partnership agreement. The partnership marks a significant milestone in VEON's asset-light strategy, aimed at increasing the Company’s focus on the development of services-focused businesses in line with VEON’s digital operato
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VEON
News
- VEON Completes the Move of its Headquarters to Dubai [Yahoo! Finance]Yahoo! Finance
- VEON Completes the Move of its Headquarters to DubaiGlobeNewswire
- VEON discloses its unaudited interim condensed consolidated financial statements for 3Q and 9M 2024GlobeNewswire
- Kyivstar and Jazz Secure Double Win for VEON at The World Communication Awards 2024GlobeNewswire
- Kazakh Language Gets its National LLM with a Groundbreaking Partnership of Kazakh Research Institutions and VEON's QazCode [Yahoo! Finance]Yahoo! Finance
VEON
Sec Filings
- 12/19/24 - Form 6-K
- 12/13/24 - Form 6-K
- 12/9/24 - Form 6-K
- VEON's page on the SEC website