VEON completed the acquisition of a 15% stake in PMCL from Dhabi Group for $273m.

VEON, a Dutch-domiciled multinational telecommunication services company, completed the acquisition of a 15% stake in Pakistan Mobile Communications, the operating company of Pakistan's mobile operator, Jazz, from Dhabi Group, an investor in various sectors, for $273m. "We are excited to conclude this transaction and take full ownership of our business in Pakistan. Jazz has an abundance of growth opportunities as its customers embrace our market-leading 4G and digital services. We look forward to supporting the team at Jazz as they continue to develop these opportunities further. I would also like to thank the Dhabi Group, which has been a strong partner to VEON in Pakistan," Sergi Herrero, VEON's co-CEO.