Could 23, 2025 (MLN): Engro Company Restricted (PSX: ENGRO) has secured all approvals for its strategic partnership with Pakistan Cell Communications Restricted (Jazz) and its dad or mum firm, VEON Group.

By means of a Scheme of Association, Jazz’s shareholding in Deodar (Personal) Restricted, which homes its telecom infrastructure property, will vest with Engro Join (Personal) Restricted, a subsidiary of Engro Company.

In keeping with earlier disclosures, this amalgamation marks a big private-sector funding in Pakistan, and with all approvals secured, thousands and thousands of Pakistanis are actually poised to learn from the efficiencies of shared infrastructure. 

By accessing Engro’s mixed portfolio of over 14,000 towers, all Cell Community Operators (MNOs) could have equal entry to a high-quality, nationwide infrastructure platform, as per the press launch issued.

This can allow them to scale back capital and working expenditures, give attention to enhancing service high quality, and move value efficiencies onto clients, serving to thousands and thousands extra Pakistanis come on-line.

Pakistan is standing on the threshold of a digital future, the place monetary inclusion takes off, start-ups can emerge from any nook, college students can be taught from world lecture rooms, and households can entry healthcare remotely.

This can be a second of shared progress and a mirrored image of the truth that Pakistan has a robust development story to inform. 

As demand and know-how proceed to evolve, Engro’s intensive tower platform can also be well-positioned to assist future improvements.

All over the world, telecom towers are already getting used for extra than simply cellular indicators – from powering good cities to strengthening neighborhood infrastructure.

Past as we speak’s connectivity wants, Engro is getting ready for tomorrow’s potentialities, reaffirming our dedication to

Pakistan’s financial improvement and to its enduring promise as a land of alternative and resilience. 

Chairman of Engro, Hussain Dawood, commented, “This investment further reinforces our commitment to this great nation, where we believe in investing in connectivity, which is the foundation of our digital future”.

“It gives our people the empowerment, enablement, and environment to take control of their lives and thrive”, he added.

CEO of Engro Holdings, Abdul Samad Dawood, remarked, “Prosperity and progress increasingly rely on technology and connectivity – and with this milestone, Engro strengthens its role as an enabler of Pakistan’s progress”.

“This investment reinforces telecom infrastructure as a key vertical for us and we are keen on expanding access, empowering communities, and future-proofing the infrastructure that will drive growth for generations to come”, he famous.

“This is a special moment for all of us at Engro, as this is what we have always stood for: Enabling growth”, he additional added.

President and CEO of Engro Company, Ahsan Zafar Syed, shared, “Venturing into this sector in  2018 was a bold leap for Engro into uncharted territory”.

“But this achievement is a testament to what belief, partnership, and perseverance can deliver – made possible by the dedication of our teams, the trust of our partners at VEON Group and Jazz, and the supportive decisions of our regulators. This is everyone’s success”, he added.

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Posted on: 2025-05-23T17:27:29+05:00