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Veon, Engro complete infrastructure partnership in Pakistan

VEON (VEON) announces that it has successfully closed the partnership for the pooling and management of telecommunications infrastructure assets in Pakistan with Engro Corporation. VEON’s infrastructure assets housed under Deodar Limited have now vested into Engro Connect, a subsidiary of Engro Corp. VEON’s digital operator Jazz will continue to lease Deodar’s extensive infrastructure for the provision of nationwide mobile voice and data services under a long-term partnership agreement. The scheme of arrangement was completed at an enterprise value of USD 562.7 million. The partnership, which was originally announced on December 5, 2024, obtained regulatory approvals in May 2025.

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