VEON Completes the Sale of Its Stake in TNS+ in Line with Asset-Light Strategy
VEON .(VEON) GlobeNewswire News Room·2024-09-30 23:45
Amsterdam, 30 September 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator ("VEON" or the "Company"), announces that it has completed the sale of its 49% stake in Kazakh wholesale telecommunications infrastructure services provider, TNS Plus LLP ("TNS+"), to its JV partner, the DAR group of companies, following the receipt of necessary regulatory approvals. The sale was completed today for a total consideration to VEON (including deferred consideration) of USD 137.5 million. ...