VEON invests $15mn in Pakistan's telecom sector

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MG News | January 08, 2025 at 12:10 PM GMT+05:00

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January 08, 2025 (MLN): In a major boost to Pakistan’s telecom industry, global digital operator VEON Group has invested $15 million to spearhead a technological revolution in the country.

The investment, made with the support of the Special Investment Facilitation Council (SIFC), aims to enhance the country's telecom infrastructure and contribute to the advancement of digital services, according to the press release.

The IT and telecom sectors are key priority areas for SFIC.

The SIFC operates as a paramount decision-making platform aimed at spearheading "structural reforms" within the economy.

VEON Group's investment will open doors for small and medium enterprise financing in Pakistan.

VEON is a global digital operator that provides converged connectivity and digital services to nearly 160mn customers in 6 dynamic markets that are home to 7% of world’s population.

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