VEON Group Reaffirms Commitment to Strengthen Pakistan’s Digital Infrastructure in Meeting with Prime Minister
VEON's leadership team, including Chairman Augie Fabela and CEO Kaan Terzioglu, met with Pakistan's Prime Minister Shehbaz Sharif to discuss the country's digital advancement. The delegation highlighted VEON's investments in Pakistan's digital infrastructure through Jazz and Mobilink Bank, serving over 70 million mobile users and 63 million monthly active users across digital services like JazzCash, Tamasha, and Simosa. The team also met with various government officials including the Finance Minister and IT Minister. Pakistan, with 244 million people and 64% under 30, represents a significant digital growth opportunity. VEON plans to host its upcoming Board meeting and annual Board Strategy meeting in Pakistan, its largest market.
Il team dirigenziale di VEON, incluso il Presidente Augie Fabela e il CEO Kaan Terzioglu, ha incontrato il Primo Ministro pakistano Shehbaz Sharif per discutere dell'avanzamento digitale del paese. La delegazione ha messo in evidenza gli investimenti di VEON nell'infrastruttura digitale del Pakistan attraverso Jazz e Mobilink Bank, servendo oltre 70 milioni di utenti mobili e 63 milioni di utenti attivi mensili in servizi digitali come JazzCash, Tamasha e Simosa. Il team ha incontrato anche diversi funzionari governativi, tra cui il Ministro delle Finanze e il Ministro per l'IT. Con 244 milioni di abitanti e il 64% della popolazione sotto i 30 anni, il Pakistan rappresenta un'importante opportunità di crescita digitale. VEON prevede di ospitare la prossima riunione del Consiglio e la riunione annuale della Strategia del Consiglio in Pakistan, il suo mercato più grande.
El equipo directivo de VEON, incluido el presidente Augie Fabela y el CEO Kaan Terzioglu, se reunió con el Primer Ministro de Pakistán, Shehbaz Sharif, para discutir el avance digital del país. La delegación destacó las inversiones de VEON en la infraestructura digital de Pakistán a través de Jazz y Mobilink Bank, sirviendo a más de 70 millones de usuarios móviles y 63 millones de usuarios activos mensuales en servicios digitales como JazzCash, Tamasha y Simosa. El equipo también se reunió con varios funcionarios del gobierno, incluido el Ministro de Finanzas y el Ministro de TI. Pakistán, con 244 millones de personas y el 64% de la población menor de 30 años, representa una oportunidad significativa de crecimiento digital. VEON planea albergar su próxima reunión del Consejo y la reunión anual de estrategia del Consejo en Pakistán, su mercado más grande.
VEON의 리더십 팀은 의장 Augie Fabela와 CEO Kaan Terzioglu를 포함해 파키스탄 총리 Shehbaz Sharif와 만나 해당 국가의 디지털 발전에 대해 논의했습니다. 대표단은 Jazz와 Mobilink Bank를 통해 파키스탄의 디지털 인프라에 대한 VEON의 투자를 강조하며, 7000만 명 이상의 모바일 사용자와 6300만 명의 월 활성 사용자를 디지털 서비스인 JazzCash, Tamasha, Simosa를 통해 지원하고 있습니다. 팀은 재무부 장관 및 IT 장관을 포함한 여러 정부 관계자와도 만났습니다. 2억 4400만 명에 달하는 인구의 64%가 30세 이하인 파키스탄은 디지털 성장의 중요한 기회를 나타냅니다. VEON은 파키스탄에서 차기 이사회 회의 및 연례 이사회 전략 회의를 개최할 계획입니다. 이는 VEON의 가장 큰 시장입니다.
L'équipe de direction de VEON, y compris le président Augie Fabela et le PDG Kaan Terzioglu, a rencontré le Premier ministre pakistanais Shehbaz Sharif pour discuter de l'avancement numérique du pays. La délégation a mis en avant les investissements de VEON dans l'infrastructure numérique du Pakistan via Jazz et Mobilink Bank, desservant plus de 70 millions d'utilisateurs mobiles et 63 millions d'utilisateurs actifs mensuels à travers des services numériques tels que JazzCash, Tamasha et Simosa. L'équipe a également rencontré plusieurs responsables gouvernementaux, y compris le ministre des Finances et le ministre de l'IT. Avec 244 millions d'habitants et 64 % de la population ayant moins de 30 ans, le Pakistan représente une opportunité significative de croissance numérique. VEON prévoit d'organiser sa prochaine réunion du conseil d'administration et sa réunion annuelle de stratégie du conseil au Pakistan, son plus grand marché.
Das Führungsteam von VEON, darunter Vorsitzender Augie Fabela und CEO Kaan Terzioglu, traf sich mit dem Premierminister von Pakistan, Shehbaz Sharif, um über die digitale Entwicklung des Landes zu diskutieren. Die Delegation hob VEONs Investitionen in die digitale Infrastruktur Pakistans durch Jazz und Mobilink Bank hervor und bedient über 70 Millionen Mobilnutzer sowie 63 Millionen monatlich aktive Nutzer in digitalen Dienstleistungen wie JazzCash, Tamasha und Simosa. Das Team traf sich auch mit verschiedenen Regierungsvertretern, darunter der Finanzminister und der IT-Minister. Pakistan, mit 244 Millionen Einwohnern und 64 % der Bevölkerung unter 30 Jahren, stellt eine signifikante Gelegenheit für digitales Wachstum dar. VEON plant, seine kommende Vorstandssitzung und die jährliche Vorstandstrategiesitzung in Pakistan, dem größten Markt, auszurichten.
- Serves over 70 million mobile users in Pakistan
- Maintains 63 million monthly active users across digital services
- Pakistan represents VEON's largest market
- Strong presence in a market of 244 million people with 64% under 30
- None.
Insights
This meeting between VEON executives and Pakistan's leadership, while showcasing commitment to the market, lacks immediate material impact on the company's financial performance or stock value. The discussion centers on existing operations and general commitments rather than new investments, deals, or financial projections.
Key points to consider:
- VEON's existing presence includes 70 million mobile users and 63 million monthly active users across digital services
- Pakistan represents VEON's largest market with significant demographic advantages - 244 million population with 64% under 30
- While the market opportunity is substantial, this meeting primarily reaffirms existing strategies without introducing new business initiatives or financial commitments
Islamabad, 8 November 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, is pleased to announce that a VEON delegation led by VEON Chairman and Founder Augie Fabela, VEON Group CEO Kaan Terzioglu and Jazz CEO Aamir Ibrahim visited Prime Minister of Pakistan Shehbaz Sharif today in Islamabad, to discuss the advancement of the country's digital landscape.
The Prime Minister commended Jazz’s role in driving digital transformation and fostering economic empowerment through technology. During the meeting, the VEON delegation provided a comprehensive overview of VEON’s substantial investments in Pakistan’s digital infrastructure through Jazz and Mobilink Bank, serving more than 70 million mobile users, more than 63 million monthly active users (MAUs) across its digital services such as JazzCash, Tamasha, Simosa, and thousands of enterprise clients from small and medium businesses to the country’s largest national and multinational conglomerates, supporting the digitalization of Pakistan’s economy.
The delegation also met with Finance Minister Muhammad Aurangzeb; Minister of State for IT & Telecommunications Shaza Fatima Khawaja; Jameel Ahmed, the Governor of the State Bank of Pakistan; Pakistan Telecommunications Authority Chairman Major General (R) Hafeez-Ur-Rehman.
“Pakistan presents a massive digital growth opportunity with a population of 244 million,
VEON will host its upcoming Board meeting and its annual Board Strategy meeting in Pakistan, its largest market, in the coming days.
About Jazz
Jazz is Pakistan’s leading digital operator with over 71.4 million cellular subscribers and 63.3 million MAUs of digital services as of Q2 2024. Jazz offers the most extensive portfolio of digital services including JazzCash, Pakistan’s leading fintech; Garaj, the largest onshore cloud and cybersecurity platform; and Tamasha, Pakistan’s largest homegrown OTT video streaming and entertainment platform.
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than
Contact Information
VEON
Hande Asik
Group Director of Communications
pr@veon.com
MHP Group
Julian Tanner
Julian.tanner@mhpgroup.com
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