VEON confirms discussions with UCom

VEON Ltd confirms discussions with UCom LLC regarding a potential transaction in Armenia.

“VEON has noted recent media comments concerning a potential sale of VEON’s business in Armenia and confirms that it has entered into discussions with UCom LLC regarding such a potential transaction. These discussions may or may not result in a transaction. VEON will communicate material updates, if any, in accordance with regulatory requirements”, the company said today.