VEON completed its $587m acquisition of stake in Global Telecom Holding.

VEON, a multinational telecommunication services company headquartered in Amsterdam, completed its $587m acquisition of stake in Global Telecom Holding, an international telecommunications company operating mobile networks in several nations. VEON’s Chief Executive Officer Ursula Burns commented: “These are significant transactions for both VEON and GTH, designed to benefit all stakeholders. A successful take-up of the Mandatory Tender Offer, followed by the delisting of GTH and subsequent asset transfers, will simplify the VEON Group structure while increasing its stake in operating companies in Pakistan, Algeria and Bangladesh.”