VEON’s Largest Market Pakistan Almost Triples Mobile Spectrum in Reform Push; Jazz Secures Largest Allocation with 190 MHz
VEON Ltd. - American Depositary Shares (VEON)
US:NASDAQ Investor Relations:
veon.com/investor-relations
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Source: GlobeNewswire
Islamabad, Dubai and New York - March 10, 2026: VEON Ltd. (Nasdaq: VEON, “VEON”), a global digital operator, is pleased to note the successful mobile spectrum auction held today in its largest market Pakistan. With the auction, the Pakistani Government nearly triples the spectrum available to mobile operators, with VEON’s subsidiary Jazz, Pakistan’s leading connectivity provider under JazzWorld, securing the largest allocation of 190 MHz. The auction increased the spectrum available to mobile operators from 274 MHz to 754 MHz, strengthening Pakistan’s digital infrastructure and supporting faster broadband and next-generation digital services. Jazz’s acquisition includes 50 MHz in the 3500 MHz band, 70 MHz in the 2600 MHz band, 50 MHz in the 2300 MHz band, and 20 MHz in the 700 MHz band. Kaan Terzioglu, VEON Group CEO, welcomed the government’s reform-driven expansion of national digital infrastructure. “We commend the Government of Pakistan, the Ministry of Information Technology an
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