Jazz

Pakistan-based Jazz booked double-digit growth in its top-line for the opening quarter of 2021, with strong LTE uptake and higher data usage following network expansion. Mobile subscribers increased 11. 7 per cent year-on-year to 69 million, with 4G users growing 62.

Veon boosted its holdings in Pakistan after completing a deal to acquire an outstanding 15 per cent stake in Pakistan Mobile Communications, which operates the Jazz brand.

Financial services platforms affiliated to Telenor Pakistan and Jazz inked a reciprocal agreement covering payment for mobile services, a move hailed as a first step towards wider collaboration.

Jazz, the largest mobile operator in Pakistan, took a hit on revenue growth in Q4 2019, as it felt the brunt of a new tax regime requiring it to refund service and maintenance charges to customers. Service revenue increased 1.

Jazz and Telenor Pakistan each paid the government half of a controversial mobile licence renewal fee, as part of goodwill payment of close to $450 million to avoid service disruption.

The Pakistan government renewed the spectrum licences of the country’s three largest mobile operators for an estimated $1. 37 billion, Business Recorder reported.

Edotco, the tower arm of Malaysia-based Axiata Group, signed site sharing deals valued at up to $80 million with the three largest mobile operators in Pakistan: Jazz, Telenor Pakistan and Zong.