0
Wireless

Veon abandons bid for Jazz, Banglalink after fall in rupee, shareholder resistance

Thursday 11 October 2018 | 08:35 CET | News
Veon said it's ended its offer to acquire the assets of Global Telecom Holding in Pakistan and Bangladesh. The sharp fall in the Pakistan rupee and resistance by GTH minority shareholders to the offer led to the decision. Veon said it would continue to explore options to address its strategic relationship with GTH and its minority shareholders.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Banglalink / Jazz / Veon
Countries: Bangladesh / Pakistan
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Veon to submit mandatory tender offer for rest of Global Telecom

Published 05 Feb 2019 09:21 CET | Egypt
Veon announced that it intends to deposit a public mandatory cash tender offer with the Egyptian Financial Regulatory Authority ...

Veon says still interested in taking GTH private

Published 23 Jan 2019 14:33 CET | Africa
Veon said it's still working on simplifying its corporate structure and its relationship with Egypt-based Global Telecom Holding. ...

Jazz Q3 revenue jumps nearly 19% on mobile data business growth

Published 09 Nov 2018 07:30 CET | Pakistan
Pakistani operator Jazz saw its third-quarter revenue jump 18.7 percent year-on-year to PKR 48.9 billion. Around 6.3 percentage ...

Pakistan passes 151 mln mobile subscribers milestone in August

Published 11 Oct 2018 11:36 CET | Pakistan
Pakistan ended August with 151.08 million mobile subscribers, up from 150.32 million in May, according to a report from the ...

Veon grows underlying results in Q2, raises interim dividend

Published 02 Aug 2018 09:31 CET | World
Veon has maintained its full-year outlook for a small increase in organic revenues and EBITDA, after reporting underlying growth ...

Veon shakes up management and structure

Published 19 Jul 2018 13:09 CET | World
Veon Group has announces plans to further simplify the group's operating model. The company said the new high-level structure ...

Veon launches new offer for GTH assets in Pakistan, Bangladesh

Published 03 Jul 2018 09:16 CET | Bangladesh
Veon has submitted a new offer to buy part of Global Telecom Holding, notability its mobile operators Jazz in Pakistan and ...

Veon withdraws offer for Global Telecom

Published 03 Apr 2018 13:58 CET | Ecuador
Veon announced that it has withdrawn its offer to buy out its Egypt-based subsidiary Global Telecom. The company said it notified ...





1.21 million
fibre connections
Netherlands  |  2018 Q3

Calendar   /   Industry Events

20 Feb Orange Polska Q4 2018
20 Feb Ceragon Q4 2018
20 Feb Turkcell Q4 2018
20 Feb Analog Devices fiscal Q1
20 Feb Telefonica Brasil Q4 218
20 Feb TIM Participacoes Q4 2018
20 Feb Spark fiscal H1
20 Feb Lenovo fiscal Q3
20 Feb Liberty Latin America Q4 2018
20 Feb Magyar Telekom Q4 2018
20 Feb Intelsat Q4 2018
20 Feb Telefonica Deutschland Q4 2018
20 Feb Samsung Galaxy press conference
21 Feb CyrusOne Q4 2018
21 Feb TIM Q4 2018
21 Feb Infinera Q4 2018
21 Feb OTE Q4 2018
21 Feb Cogent Communications Q4 2018
21 Feb Interdigital Q4 2018
21 Feb Consolidated Communications Q4 2018
21 Feb SBA Communications Q4 2018
21 Feb Altice USA Q4 2018
21 Feb EchoStar Q4 2018
21 Feb Baidu Q4 2018
21 Feb Casa Systems Q4 2018
21 Feb Roku Q4 2018
21 Feb Vonage Q4 2018
21 Feb Gogo Q4 2018
21 Feb Telefonica Q4 2018
21 Feb TDC Q4 2018
21 Feb Deutsche Telekom Q4 2018
21 Feb Orange Q4 2018
21 Feb Bouygues Telecom Q4 2018
::: More Calendar Items