FNI agreed to acquire 47.57% stake in Optimum Telecom Algérie S.P.A from Global Telecom Holding S.A.E. for approximately $682 million on July 1, 2021. Under the terms of the Shareholders' Agreement, the transaction is expected to be completed in Q3 2022. Citogroup Inc. acted as a financial advisor to VEON.
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- FNI agreed to acquire 47.57% stake in Optimum Telecom Algérie S.P.A from Global Telecom Holding S.A.E for approximately $682 million.