Engro Corporation and Jazz, a leading name in telecommunications under the VEON Group, are joining forces to bridge Pakistan’s digital divide. This strategic partnership marks a pivotal moment in expanding affordable and accessible connectivity across the nation.
From rural villages to urban hubs, millions of Pakistanis will soon benefit from enhanced telecom services, fostering a more inclusive and connected future.
What This Partnership Means for Pakistan
This collaboration leverages Engro Connect, a subsidiary of Engro Corporation, to revolutionize the telecom ecosystem by:
✅ Improving Cost Efficiency: Mobile Network Operators (MNOs) will save on capital and operational expenses by sharing Engro’s infrastructure.
✅ Boosting Coverage: More resources mean expanded coverage in underserved areas.
✅ Empowering Communities: Enhanced connectivity offers more opportunities for education, work, and social participation.
✅ Accelerating Digital Transformation: By driving affordable telecom services, the partnership supports Pakistan’s digital growth journey.
Key Financials & Structure
Through this deal, Jazz’s telecom infrastructure assets, managed by its subsidiary Deodar (Private) Limited, will integrate with Engro Connect. Highlights of the agreement include:
- Debt Repayment Guarantee: Engro will ensure the repayment of Deodar’s $375 million debt.
- Additional Funding: Engro will provide Jazz with $187.7 million.
- Corporate Approvals: The agreement awaits corporate, legal, and regulatory confirmations.
This strategic move aligns with Engro’s vision of delivering impactful solutions in the telecommunications sector, where it has been a key player since 2018.
Voices of Leadership
📣 Hussain Dawood, Chairman of Engro Corporation:
“This partnership is transformative for Pakistan’s telecommunications landscape. By expanding our tower-sharing network, we’re enabling operators to deliver services at reduced costs, empowering communities with affordable connectivity.”
📣 Ahsan Zafar Syed, President & CEO of Engro Corporation:
“Affordable digital connectivity is the foundation of a brighter, more inclusive future for Pakistan. This partnership empowers millions to actively participate in the nation’s progress.”
Why This Matters
With this collaboration, Engro and Jazz are creating ripples of positive change:
🌐 Digital Inclusion: Connecting Pakistan’s underserved areas to the digital economy.
📊 Economic Growth: Empowering businesses and communities through better communication.
📶 Future-Ready Infrastructure: Building the foundation for innovations like 5G and IoT.
What’s Next?
Stay tuned for updates on the rollout and the transformative impact this partnership will bring to Pakistan’s connectivity landscape.
💡 Learn More: Engro Corporation | Jazz
