Engro Holdings Limited has successfully completed the final phase of its landmark acquisition deal with Pakistan Mobile Communications Limited (Jazz), marking a significant milestone in Pakistan’s telecommunications landscape. Following approvals from the Competition Commission of Pakistan (CCP), Pakistan Telecommunication Authority (PTA), Securities and Exchange Commission of Pakistan (SECP), and the Islamabad High Court (IHC), the transfer of Jazz’s tower business is set to be finalized on June 3, 2025.
The deal centers on Deodar (Private) Limited, Jazz’s tower infrastructure subsidiary managing 10,500 telecom towers nationwide. These vital network assets will be integrated into Engro Connect (Private) Limited, a wholly owned subsidiary of Engro Corporation, via a court-approved merger. This marks the third successful negotiation for the acquisition of Deodar, following previous unsuccessful attempts with Edotco and the TPL-TASC consortium.
This strategic move by Engro signals a transformative step toward enhancing Pakistan’s digital connectivity infrastructure, promising expanded capabilities and improved network efficiency across the country.
