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Wireless

Veon writes off assets in Kyrgyzstan

Friday 30 October 2020 | 11:34 CET | News
The Veon Group announced a writedown of all of the remaining value of its business in Kyrgyzstan, due to the unstable political environment and uncertainties arising on the recoverability of its assets there. As a result, the company recorded a total impairment loss of USD 64 million, allocated against the carrying value of property and equipment (USD 38 million), intangible assets (USD 8 million) and other assets (USD 18 million). 

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Categories: Mobile & Wireless
Companies: Beeline Kyrgyzstan / Veon
Countries: Kyrgyzstan
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