VEON announces the sale of its Russian tower assets for USD 970 million
The sale reflects VEON's continued focus on active portfolio management and the pursuit of opportunities to realise the value of its infrastructure portfolio.
- The sale reflects VEON's continued focus on active portfolio management and the pursuit of opportunities to realise the value of its infrastructure portfolio.
- The transaction involves the sale of 100% of National Tower Company ("NTC"), a subsidiary of VEON, which operates a portfolio of approximately 15,400 mobile network towersin Russia.
- All of the active mobile network infrastructure currently operated by PJSC VimpelCom and the majority of the rooftop towers will remain with the company.
- Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate.