![Veon secures US$270 million loan for Pakistan unit Jazz](https://meatechwatch.com/wp-content/uploads/2024/07/e3d0128b-7cd0-45d3-a7cd-c2becf3698a0-600x400.webp)
Veon secures US$270 million loan for Pakistan unit Jazz
Veon subsidiary Jazz has secured a PKR75 billion (US$270 million) loan to expand its infrastructure and transition from a telecom company to a technology services provider. The credit facility, led by The Bank of Punjab, is the largest long-term private sector syndicated credit facility in Pakistan, enabling Jazz to enhance digital infrastructure and invest in cloud, software, and financial services.