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Global comms group VEON divests Russian portfolio in $2.1bn sale

The agreement also includes a customary provision that enables VEON to benefit from a potential subsequent event, including a sale of VimpelCom at a higher valuation.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

November 29, 2022 | 11:10 AM GMT

Global comms group VEON divests Russian portfolio in $2.1bn sale

Kaan Terzioğlu, CEO of VEON Group. Source: VEON

The Tech Capital

Global digital operator VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) has entered into an agreement to sell VEON’s Russian operations to certain senior members of the management team of PJSC VimpelCom, led by its current CEO Aleksander Torbakhov.

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João Marques Lima

Founder and Editor, The Tech Capital

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