Jazz, Engro Connect join forces to boost telecom efficiency

News Image

MG News | December 09, 2024 at 10:23 AM GMT+05:00

0:00

December 09, 2024 (MLN): Jazz, the country’s leading digital conglomerate, and Engro Connect, a subsidiary of Engro Corp, have announced a strategic partnership to enhance the management and utilization of telecommunications infrastructure in Pakistan.

Under this agreement, Jazz’s infrastructure assets, managed by its wholly owned subsidiary Deodar (Private) Limited, will integrate with Engro Connect through a scheme of arrangement, in compliance with applicable laws and aligned with necessary regulatory processes.

Jazz will continue to lease Deodar’s extensive infrastructure portfolio, ensuring uninterrupted nationwide mobile voice and data services under a long-term partnership agreement.

This partnership marks a pivotal milestone in Jazz’s transformation into a Digital ServiceCo, a structure designed to achieve operational delayering and streamline the delivery of a diverse suite of digital solutions that power a Digital Pakistan.

This collaboration unlocks resources to foster innovative business models and create value for all stakeholders.

Jazz is positioning itself at the forefront of technological innovation by expanding into fintech, entertainment, cloud services, software, analytics, data centers, and insure-tech.

With a strong emphasis on digital lifestyle services, the company continues to drive innovation, foster inclusion, and enable financial empowerment across the country.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 156,180.94
423.57M
0.51%
796.43
ALLSHR 95,690.82
1,354.89M
0.59%
557.25
KSE30 47,714.39
199.12M
0.52%
247.40
KMI30 229,722.09
134.66M
0.91%
2076.87
KMIALLSHR 64,420.07
581.33M
0.83%
532.01
BKTi 41,969.52
122.61M
0.50%
207.74
OGTi 31,991.76
10.82M
1.18%
372.62
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,710.00 116,415.00
115,215.00
135.00
0.12%
BRENT CRUDE 67.98 68.00
67.01
0.54
0.80%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.15 93.50
93.15
0.30
0.32%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.94 63.97
62.89
0.64
1.01%
SUGAR #11 WORLD 15.88 16.10
15.84
-0.12
-0.75%

Chart of the Day


Latest News
September 16, 2025 at 05:24 PM GMT+05:00

CDC onboards KTrade Securities to RAAST Aggregator Platform


September 16, 2025 at 04:49 PM GMT+05:00

Auto financing in Pakistan rises to Rs294bn in August


September 16, 2025 at 04:47 PM GMT+05:00

Pakistan, Iran vow to elevate regional economy


September 16, 2025 at 04:21 PM GMT+05:00

PSX Closing Bell: Looking Green


September 16, 2025 at 04:13 PM GMT+05:00

PKR strengthens 0.85 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg