In a landmark development, Jazz has secured a historic PKR 75 billion syndicated credit facility, marking the largest private sector investment in Pakistan’s history. This significant funding will propel Jazz’s mission to expand and modernize its 4G network and technological infrastructure, revolutionizing the country’s digital landscape.
The signing ceremony, attended by Kaan Terzioglu, VEON Group CEO, Aamir Ibrahim, CEO Jazz, and representatives from leading financial institutions, solidified the partnership. The financial institutions, including Habib Bank Limited (HBL), Bank Alfalah Limited, Meezan Bank Limited, MCB Bank Limited, and others, acted as lead advisors and arrangers for the 10-year financing deal.
This monumental investment underscores the financial community’s unwavering confidence in Jazz’s leadership and commitment to driving digital innovation in Pakistan. The funds will be utilized to bridge the digital divide, ensuring equal access to transformative digital services for all Pakistanis, regardless of location, gender, or socioeconomic background.
“We are thrilled by this landmark achievement,” exclaimed Aamir Ibrahim, CEO Jazz.
“With this support, we can continue to redefine connectivity and drive financial inclusion across the nation.”
This historic deal is poised to propel Pakistan’s digital revolution, cementing Jazz’s position as a pioneer in the country’s telecommunications sector.
