Jazz acquires additional 4G/LTE spectrum in Pakistan
Pakistan subsidiary of GTH and VEON continues to lead in high-speed data services
Amsterdam (23 May 2017) – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON )
("VEON") and its subsidiary Global Telecom Holding S.A.E. (EGX: GTHE) ("GTH"), today
announced the acquisition of additional 4G/LTE spectrum in Pakistan, through their local
85% owned subsidiary, Jazz. This is a crucial milestone for VEON in its ambition to become
a global digital leader and is expected to improve the customer experience in terms of voice
quality, data speeds and connectivity.
Jazz won the auction, awarding it 10 MHz paired spectrum in the 1800 MHz band for a total
consideration of USD 295 million plus withholding tax of 10%.