VEON (VEON) said Friday it has received all regulatory approvals for its partnership with Engro for the pooling and management of telecommunications infrastructure assets in Pakistan.
VEON's infrastructure assets housed under Deodar will vest into Engro Connect through a scheme of arrangement that is expected to be completed in June.
Engro will pay VEON's digital operator, Jazz, about $188 million and guarantee the repayment of Deodar's intercompany debt of $375 million.
Jazz will continue to lease Deodar's infrastructure to provide mobile voice and data services across the country under a long-term partnership agreement, VEON said.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。