Veon closed the deal for the sale of the tower business

Veon (owns Vimpelcom, Beeline brand) has closed the deal to sell 100% of the National Tower Company (NBK) to the Service-Telecom group of companies. That Veon agreed to sell the NBK for 70.65 billion rubles. ($ 970 million), it became known in September. “Veon Ltd. announces the successful completion of a deal to sell its Russian towers to Service Telecom, ”Veon said in a statement. Russia. As part of the deal, VimpelCom and Service-Telecom entered into a long-term general agreement on the provision of tower infrastructure services for an initial eight-year period and subsequent extension, if desired, by VimpelCom. Both sides will additionally enter the new build-to-suit program, which provides for the construction of 5,000 tower infrastructure facilities by 2029. Read more in the publication of Kommersant “Towers will be open to the public”. …

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