Engro to acquire Deodar from VEON.

Engro, a Pakistani conglomerate, agreed to acquire Deodar, a tower operating company, from VEON, a digital operator. Financial terms were not disclosed. "This strategic partnership is a pivotal move in advancing VEON's asset-light strategy. The traditional vertically integrated telco model is no longer viable for operators, neither is it conducive to the sustainable growth of developing economies. Our collaboration with Engro Corp, starting in Pakistan, our largest market, will empower Jazz to focus on innovative digital services and cutting-edge technologies that serve Pakistan’s digital ambition. It will also help VEON showcase the wide range of opportunities for shareholder value creation and new business models across our markets," Kaan Terzioglu, Jazz Board VEON Group CEO and Chairman.