Veon to sell stake in Djezzy, exiting from Algeria

Veon has decided to sell the entire 45.57 percent stake in Djezzy, its Algerian subsidiary.
VEON business networkAlgerian National Investment Fund, Fonds National d’Investissement (FNI), will be buying the stake in Omnium Telecom Algerie.

“This important step will further streamline VEON’s operations, allowing for an improved focus on our core markets,” Veon said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More like this
Related

Telenor Restructures Organization to Accelerate Telecom Growth, AI Strategy and EBITDA Expansion

Telenor has announced a major organizational restructuring aimed at...

BT Bolsters AI Automation and Fiber Monetization as Peak Network Investment Phase Ends

BT Group is entering a new phase of AI-driven...

Telekom Malaysia Q1 2026 Capex Falls to RM212 mn as Fibre Expansion and 5G Backhaul Investments Continue

Telekom Malaysia reported capital expenditure (Capex) of RM212 million...

TELUS to Invest $8 bn in Quebec as Part of $66 bn Canada-Wide Network and AI Expansion

TELUS has announced plans to invest more than $8...