VEON agrees the sale of Russian tower portfolio to Service-Telecom

First major tower deal for the Russian market and a big step forward in VEON’s plans to realise the value of its infrastructure

VEON sells towers to Service-Telecom

Read this article to learn:

  • The shape of the tower market in Russia
  • Who Service-Telecom are
  • Details of the VEON-Service Telecom deal
  • Future M&A expected in Russia
  • VEON’s tower counts outside of Russia
  • The status of the towerco markets in each of VEON’s countries of operation
  • How VEON’s tower carve out plans have progressed beyond Russia

On 6 September 2021, VEON announced that it had reached a deal to sell its 15,400 site Russian tower portfolio to Service-Telecom for a total consideration of RUB70.65bn (EUR848mn). The deal marks the first major sale and leaseback transaction in Russia’s vast tower market and is the first big step in VEON realising the value…

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