Telecoms firm Veon granted U.S. licence for sale of Russian business

Telecoms company Veon has been issued with a U.S. licence authorising U.S. citizens to engage in transactions required for the divestment of its Russian business, Vimpelcom, the company said on Thursday.

In November, Veon announced plans to sell Vimpelcom to senior members of the Vimpelcom management team, led by CEO Aleksander Torbakhov, for 130 billion roubles ($1.83 billion).