29 July 2024
Veon subsidiary company Jazz has secured a PKR75 billion loan to finance plans to expand infrastructure across Pakistan, and aid plans to transition from a telco to a technology services company.
"This credit facility will be a game-changer for Pakistan's digital landscape helping us accelerate the deployment of cutting-edge digital infrastructure, focusing on services that Pakistan needs to realise the potential of its young and dynamic population and vibrant business landscape,” said Veon Group CEO Kaan Terzioglu.
Jazz CEO Aamir Ibrahim said that this will enable the company to enhance digital infrastructure and continue its “transition from a telco to a ServiceCo.”
The company will invest in rising industries such as cloud, software, financial services in addition to consumer connectivity.
