3Q22 Results and Portfolio Strategy slide image

3Q22 Results and Portfolio Strategy

MAIN INFRASTRUCTURE MONETISATION OPPORTUNITIES Aiming for several infrastructure monetisation deals across VEON markets VEON PAKISTAN BANGLADESH KAZAKHSTAN C 10.5k towers + up to 3.7k BTS 5.5k towers + up to 3.9k BTS 4.4k sites Ongoing value crystallisation process Ongoing value crystallisation process 1.5k towers planned for short-term separation UZBEKISTAN 3.7k sites UKRAINE 12.5k sites Separation expected to conclude within 12 months 8.8k sites ready for value crystallisation • More than 40k sites and "Build-to-Suit" (BTS) commitments selected for short to medium term value crystallisation • Proven in-house expertise in infrastructure separation & monetisation following recent sale of tower portfolio in Russia and historic sale of towers in Italy . • . Model and process for crystallising value optimized on a country-by-country level based on market-specific conditions Options to unlock value of fibre assets under consideration Aiming for several value crystallization deals to be announced within the next 9-12 months 22 22
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