VEON Ltd. announced on December 5, 2024, that it is entering into a strategic partnership with Engro Corporation Limited concerning the pooling and management of its infrastructure assets, beginning in Pakistan. This initiative aligns with VEON's asset-light strategy.
In the initial phase of this partnership, VEON’s infrastructure assets housed under Deodar (Private) Limited, a wholly-owned VEON Group company, will be involved. This collaboration aims to optimize the management and utilization of telecommunications infrastructure.
This strategic move is expected to enhance operational efficiencies and allow VEON to further concentrate on expanding its portfolio of digital services. The partnership underscores VEON's commitment to unlocking value from its infrastructure while maintaining robust network capabilities in Pakistan.
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