Flash Report /
Global

Veon sells mobile towers in Russia to Service-Telecom for cUS$970mn – Positive

  • VEON (VEON US, N/R) announced that it has reached an agreement to sell 15.4k mobile towers in Russia to Service-Telecom

  • The US$970mn sale price is in line with expectations

  • The sale is for 15.4k towers in Russia out of VEON’s total tower portfolio of over 50k

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

Alfa
6 September 2021
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