Jazz, Engro Corporation set to close strategic infrastructure partnership

KARACHI: Jazz recently announced securing all regulatory approvals for its strategic partnership with Engro Corporation Limited (Engro Corp) for the pooling and management of telecommunications infrastructure assets in Pakistan.

The partnership, initially announced in December, is expected to enhance the efficiency of infrastructure and digital investments in the country, in line with Pakistan’s digital ambitions.Under the agreement, Jazz’s infrastructure assets, managed through its wholly owned subsidiary Deodar (Pvt) Limited (Deodar), will vest into Engro Connect through a court-sanctioned scheme of arrangement.

Regulatory approvals have been obtained from the Competition Commission of Pakistan (CCP), the Pakistan Telecommunication Authority (PTA), and the Islamabad High Court. Completion of the transaction is expected in June 2025.

By accessing Engro’s combined portfolio of over 14,000 towers, all mobile network operators (MNOs) will have equal access to a high-quality, nationwide infrastructure platform. This will enable them to reduce capital and operating expenditures, focus on enhancing service quality and pass cost efficiencies onto customers -- helping millions more Pakistanis come online.