Veon Plans to Sell Up to 20% in Pakistan’s Top Mobile Operator

Veon Ltd., a Dutch-domiciled telecommunications company, is preparing to sell as much as 20% in its Pakistani unit Jazz in an initial public offering, Chief Executive Officer Kaan Terzioglu said.

“A 12-month horizon is when we will make really concrete decisions” about the IPO, Terzioglu said in an interview in Amsterdam. Pakistan’s pension funds, local and retail investors would be keen to have a stake in the country’s biggest mobile operator, he said. Veon earned $1.12 billion in revenue from Pakistan last year.

Kaan Terzioglu

Source: Veon Ltd.

Jazz’s offering has the potential to become one of the largest private sector IPOs in ...