“VEON Ltd. has withdrawn from discussions with UCom CJSC related to a potential transaction involving its operating company in Armenia, which was previously disclosed on 15 January 2020”, company said in a statement.
On January 15, 2020, VEON Ltd confirmed 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 then.
