Core Viewpoint - VEON's subsidiary Jazz International Holding has agreed to acquire a controlling stake in TPL Insurance, marking an expansion of VEON's digital financial services in Pakistan [1][4]. Group 1: Acquisition Details - The acquisition will cost approximately PKR4.15 billion ($14.6 million) and is expected to be completed by mid-2026, pending regulatory approvals [1][2]. - Approval from the Competition Commission of Pakistan is also required for the deal [2]. Group 2: Strategic Importance - The acquisition is seen as a significant step towards building a comprehensive digital services ecosystem aimed at enhancing financial inclusion in Pakistan [2][4]. - By integrating TPL Insurance into its digital financial services portfolio, which includes JazzCash and Mobilink Bank, the company aims to provide new financial protection options to millions of Pakistanis [3][4]. Group 3: TPL Insurance Overview - TPL Insurance operates as a digital-first insurance provider in Pakistan, offering products such as auto, health, fire, and property insurance [3][4]. - As of December 31, 2025, TPL Insurance reported gross written premiums of PKR5.7 billion and had issued over 277,000 policies [4].