{"id":640827,"date":"2017-09-05T11:56:26","date_gmt":"2017-09-05T11:56:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/gth-and-veon-sell-pakistani-tower-business-subsidiary\/"},"modified":"2017-09-05T11:56:26","modified_gmt":"2017-09-05T11:56:26","slug":"gth-and-veon-sell-pakistani-tower-business-subsidiary","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/gth-and-veon-sell-pakistani-tower-business-subsidiary\/","title":{"rendered":"GTH and VEON sell Pakistani tower business subsidiary"},"content":{"rendered":"<p>Global Telecom Holding <a href=\"https:\/\/veon.com\/media-center\/Press-releases\/2017\/VEON-and-GTH-sell-their-Pakistan-tower-business-for-USD-940-million\/\">and VEON announced<\/a> that their Pakistani subsidiary, Jazz, has signed an agreement for the sale of its tower business, Deodar, for approximately USD 940 mn, subject to adjustments. The transaction will be on a cash and debt-free basis for a total equivalent of USD 940 mn in Pakistani rupees. \u201cAt completion of the sale, Deodar will enter into a master services agreement (MSA) with Jazz, whereby it will continue to provide tower services to Jazz \u2026 Proceeds from the transaction will be utilized for Jazz\u2019s general corporate purposes, the funding of recently awarded spectrum and repayment of a proportion of Jazz\u2019s outstanding debt,\u201d VEON notes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Telecom Holding and VEON announced that their Pakistani subsidiary, Jazz, has signed an agreement for the sale of its tower business, Deodar, for approximately USD 940 mn, subject to adjustments. The transaction will be on a cash and debt-free basis for a total equivalent of USD 940 mn in Pakistani rupees. \u201cAt completion of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9290],"tags":[72,2369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640827","post","type-post","status-publish","format-standard","hentry","category-telecoms-ict","tag-enterpriseam","tag-telecoms-ict","wpautop","entry"],"acf":{"mongo_id":"c8fe911b-0ce7-45d0-9fcc-149744820186","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[640791],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GTH and VEON sell Pakistani tower business subsidiary - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/gth-and-veon-sell-pakistani-tower-business-subsidiary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTH and VEON sell Pakistani tower business subsidiary\" \/>\n<meta property=\"og:description\" content=\"Global Telecom Holding and VEON announced that their Pakistani subsidiary, Jazz, has signed an agreement for the sale of its tower business, Deodar, for approximately USD 940 mn, subject to adjustments. 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Veon had made an offer last week to acquire GTH\u2019s Pakistan subsidiary Jazz and its associated\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626695,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/gth-to-book-usd-965-mn-from-potential-sale-of-assets-in-bangladesh-and-pakistan\/","url_meta":{"origin":640827,"position":2},"title":"GTH to book USD 965 mn from potential sale of assets in Bangladesh and Pakistan","author":"enterpriseam admin","date":"9 July 2018","format":false,"excerpt":"Global Telecom Holding (GTH) expects to book USD 965 mn in net proceeds from the potential sale of its assets in Pakistan and Bangladesh, the company said in a bourse disclosure (pdf). 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