Pakistan Technology & Communication: Dhabi group sells stake in PMCL (Jazz); Implication for PTC – By Topline Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In a major development, Dhabi Group has exercised its put option to sell 15% shareholding in Pakistan Mobile Communications (PMCL), which is an operating company of Jazz and a leading unlisted telecom company.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The fair value of the company&rsquo;s stake is US$273mn that translates into full value of US$1.8bn. This put option was exercised in Sep-2020, as per annual report of VEON.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Post this transaction, VEON will be indirectly holding 100% stake in PMCL.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">PMCL posted revenues of Rs199bn in 2020 a...