Iris Digital (Private) Limited, a subsidiary of Karachi-listed Symmetry Group Limited (PSX: SYM), has formally executed its second Service Agreement with Jazz for Digital Services, adding another significant contract to what has been a productive engagement between the two companies. The development was disclosed through a filing to the Pakistan Stock Exchange.
The newly signed agreement follows the company’s earlier disclosure from January 28, 2026, in which Iris Digital was formally selected as the preferred bidder for three separate assignments by Jazz. The second contract, now executed, will see Iris Digital provide digital services to Jazz for a period of three years, with effect from April 1, 2026. Financially, the agreement is expected to contribute approximately Rs500 million per annum to the Group’s consolidated revenues, bringing the total estimated value of this single contract to Rs1,500 million over its full term.
This latest development marks a continuation of what appears to be a deepening commercial relationship between Iris Digital and Jazz, one of Pakistan’s largest telecom operators. The first contract, which came out of the January 2026 preferred bidder announcement, had already positioned Iris Digital as a key digital services partner for the telco. With the second agreement now formalized, Symmetry Group has effectively locked in a multi-year, high-value revenue stream that is likely to have a visible impact on the Group’s financial performance over the coming years. For a listed entity like Symmetry Group, recurring and long-term contracts of this nature tend to provide a degree of revenue predictability that is particularly valued by investors and analysts tracking the company’s trajectory on the exchange.
As for the third and final assignment from the original three-contract selection, the company confirmed that it remains in advanced stages of finalization and is expected to be formally executed in due course. Should that third contract materialize on terms comparable to the two already signed, the aggregate contribution to Symmetry Group’s revenues from Jazz alone could prove to be a meaningful addition to its top line. The market will be watching closely for further disclosures as the process moves toward completion.
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