VEON's Largest Market Pakistan Almost Triples Mobile Spectrum in Reform Push; Jazz Secures Largest Allocation with 190 MHz

Core Insights - VEON Ltd. successfully participated in a mobile spectrum auction in Pakistan, securing the largest allocation of 190 MHz for its subsidiary Jazz, which is the leading connectivity provider in the country [1][2][3] Group 1: Auction Details - The spectrum auction increased the total available spectrum for mobile operators in Pakistan from 274 MHz to 754 MHz, enhancing the country's digital infrastructure and enabling faster broadband and next-generation digital services [2] - Jazz's acquisition includes 50 MHz in the 3500 MHz band, 70 MHz in the 2600 MHz band, 50 MHz in the 2300 MHz band, and 20 MHz in the 700 MHz band [2] - Jazz will pay approximately USD 239.5 million for 40% of the spectrum sold in the auction, with payments starting in 2027 in Pakistani Rupees [3] Group 2: Leadership Perspectives - Kaan Terzioglu, VEON Group CEO, praised the Pakistani government's efforts in expanding the national digital infrastructure, emphasizing the potential for investment and innovation in the country [3] - Aamir Ibrahim, CEO of JazzWorld, highlighted the importance of the additional spectrum for enhancing digital connectivity and improving customer experiences through advanced technologies [3] Group 3: Company Overview - JazzWorld serves over 100 million users, including 74 million mobile connectivity customers, and is committed to investing in network rollout and optimization to enhance digital services across Pakistan [4][7] - VEON operates across five countries, providing connectivity and digital services to nearly 150 million customers, and aims to drive economic growth through technology [6]