FTI Capital Advisors Supports VEON on Strategic Partnership for Telecommunications Infrastructure in Pakistan

Dubai, 10 December 2024 — FTI Capital Advisors (DIFC) Limited (“FTICA Dubai”), a subsidiary of FTI Consulting, Inc. (NYSE: FCN), acted as sole financial advisor to VEON Ltd. (“VEON”), the parent company of Pakistan's leading digital operator, Jazz, on its strategic partnership with Engro Corporation.

The partnership involves the contribution of 10,617 towers from Deodar Private Limited, a subsidiary of Jazz, to an infrastructure platform owned by Engro Corporation Limited (“Engro Corp”).

The collaboration marks a significant milestone for both parties, aligning with Jazz’s commitment to digital transformation while harnessing Engro’s expertise in infrastructure investments to enhance telecommunications capabilities in Pakistan.

Fede Membrillera, Global Co-Leader of FTI Capital Advisors, said: “It was great to be involved in this landmark partnership that highlights Jazz’s commitment to continue advancing connectivity as a pivotal driving force in the country’s digital transformation effort.”

About FTI Capital Advisors

FTI Capital Advisors (“FTICA”) is a global M&A advisory firm with offices in 13 countries, focused on M&A, equity and debt raising and independent financial advisory, across targeted industry sectors – including telecom, media and technology, as well as in the energy, financial services, healthcare, aviation & aerospace, industrials and insurance. Backed by the power of FTI Consulting’s worldwide network of professionals, FTICA combines deep industry expertise with investment banking and transaction execution experience to deliver value-enhancing outcomes for our clients. FTI Capital Advisors globally is the wholly owned investment banking subsidiary of FTI Consulting, Inc.

This process was supported by FTI Capital Advisors (DIFC) Limited (“FTICA Dubai”), an affiliate of FTICA. FTICA Dubai is regulated by the Dubai Financial Services Authority (“DFSA”), the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (“DIFC”), in Dubai, United Arab Emirates. FTICA Dubai is authorized to provide services to Professional Clients only; accordingly, this press release is intended for Professional Clients only and no other person should act upon it.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,300 employees located in 34 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.49 billion in revenues during fiscal year 2023. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc. 
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Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com

Media Contact:
Helen Obi
+44 20 7632 5071
helen.obi@fticonsulting.com

Source: FTI Consulting, Inc.