Deals
Mobile Operator Veon Close to Picking Buyer for Pakistan Towers
- Veon CEO Terzioglu says sale process ‘very close’ to the end
- Saudi Telecom, a TPL-TASC consortium and Engro said to bid
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Wireless operator Veon Ltd. is in advanced talks to sell its tower assets in Pakistan.
Veon has 10,000 to 12,000 towers in Pakistan and the sale process “is very close to conclusion,” Chief Executive Officer Kaan Terzioglu said in an interview. “The value of a tower is somewhere between $60,000 to $80,000 depending on interest rates,” Terzioglu said, implying a valuation range between $600 million and $960 million.