Dutch Telecom gaint VEON acquires Jazz Pakistan for $273mn

Dutch Telecom gaint VEON acquires Jazz for $273mn

Dutch telecom giant, VEON Ltd, a leading global provider of connectivity and internet services, has successfully concluded the acquisition of the 15 percent minority stake in PMCL, the operating company of Pakistan’s leading mobile operator, Jazz, from the Dhabi Group for $ 273 million. It is pertinent to mention that Dhabi Group is a UAE-based investment holding company with major business interests in financial services, hospitality industry, energy, IT and telecom, real estate agriculture etc. According to the statement, this transaction follows the Dhabi Group’s exercise of its put option…

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