In a move that’s set to reshape Pakistan’s digital and telecom landscape, Jazz and Engro Corporation Limited (Engro Corp) have received full regulatory approval for their strategic infrastructure partnership—a deal that marks a pivotal moment in Pakistan’s digital transformation journey.
🔍 What’s the Deal About?
The partnership, first announced on December 5, 2024, revolves around the pooling and management of Jazz’s telecom infrastructure assets via its wholly owned subsidiary Deodar (Private) Limited. These assets will be vested into Engro Connect under a court-sanctioned scheme of arrangement.
🏛️ Regulatory Green Light
The deal has received approvals from:
- ✅ Competition Commission of Pakistan (CCP)
- ✅ Pakistan Telecommunication Authority (PTA)
- ✅ Islamabad High Court
This clears the way for transaction completion by June 2025.
💬 What the Leaders Are Saying
🎙️ Aamir Ibrahim, CEO of Jazz
“This is a significant milestone in our ServiceCo transformation. With Engro Corp managing infrastructure, Jazz will double down on delivering digital solutions like JazzCash, Tamasha, Garaj, GameNow, and more in an asset-light model.”
🎙️ Abdul Samad Dawood, CEO of Engro Holdings
“Connectivity drives prosperity. This partnership strengthens Engro’s role in Pakistan’s digital economy. We’re future-proofing infrastructure to empower communities and fuel national growth.”
🚀 Why It Matters
- 📡 Boosts Telecom Efficiency: Asset sharing reduces duplication and cuts costs.
- 🌐 Enhances Digital Reach: Allows faster expansion of digital services to underserved areas.
- 💸 Fuels Innovation: Frees up Jazz to focus on customer-facing digital platforms.
- 🌱 Enables Growth: Engro positions itself as a long-term enabler in telecom infrastructure.
🔄 What Happens Next?
- Jazz will continue to lease Deodar’s infrastructure through a long-term agreement.
- Service continuity is guaranteed for Jazz’s 100+ million users nationwide.
- Engro Connect takes over the infrastructure layer, investing in modernization and expansion.
🏁 The Bottom Line
This partnership is more than a corporate transaction—it’s a transformational step for Pakistan’s digital economy. As Jazz scales its digital services and Engro strengthens national connectivity, millions of Pakistanis stand to benefit from better, faster, and more inclusive digital access.
