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Wireless

Veon acquires 15% stake in PMCL, gains full ownership of Jazz

Tuesday 23 March 2021 | 11:56 CET | News
Veon has completed the acquisition of a 15 percent minority stake in PMCL, the operating company of Pakistani mobile operator Jazz, from Dhabi Group for USD 273 million. This transaction follows the Dhabi Group's exercise of its put option announced on 28 September 2020 and gives Veon 100 percent ownership of PMCL.

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Categories: Mobile & Wireless
Companies: Jazz / PMCL / Veon
Countries: Pakistan
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