Jazz acquires additional 4G/LTE spectrum in Pakistan

Pakistan subsidiary of GTH and VEON continues to lead in high-speed data services

Amsterdam (23 May 2017) - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON )

('VEON') and its subsidiary Global Telecom Holding S.A.E. (EGX: GTHE) ('GTH'), today

announced the acquisition of additional 4G/LTE spectrum in Pakistan, through their local

85% owned subsidiary, Jazz. This is a crucial milestone for VEON in its ambition to become

a global digital leader and is expected to improve the customer experience in terms of voice

quality, data speeds and connectivity.

Jazz won the auction, awarding it 10 MHz paired spectrum in the 1800 MHz band for a total

consideration of USD 295 million plus withholding tax of 10%.

Global Telecom Holding SAE published this content on 23 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2017 05:02:11 UTC.

Original documenthttp://www.gtelecom.com/ir-news-details?articleId=224924

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