VEON Announces Agreement To Sell 49% Stake In Kazakh Telecom Infrastructure Provider TNS Plus LLP To JV Partner DAR Group
Portfolio Pulse from Benzinga Newsdesk
VEON has announced an agreement to sell its 49% stake in Kazakh telecom infrastructure provider TNS Plus LLP to its joint venture partner DAR Group.
May 28, 2024 | 2:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
VEON has agreed to sell its 49% stake in TNS Plus LLP, a Kazakh telecom infrastructure provider, to its joint venture partner DAR Group. This move could streamline VEON's operations and potentially improve its financial position.
The sale of the stake in TNS Plus LLP could help VEON streamline its operations and focus on core assets, potentially leading to improved financial performance. This is likely to be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100