Jazz Secures Landmark Credit Facility for Network Expansion

News Desk 

Islamabad: Jazz, Pakistan’s leading digital operator, has secured a record-breaking syndicated credit facility of up to Rs. 75 billion. 

This 10-year financing deal, led by The Bank of Punjab, aims to support Jazz’s 4G network expansion and technological upgrades, alongside its new ServiceCo model.

The ceremony saw the presence of VEON Group CEO, Aamir Ibrahim, Jazz CEO, and presidents of participating banks. The credit facility will bolster Jazz’s efforts in bridging the digital divide and promoting financial inclusion nationwide.

The consortium includes major financial institutions such as Habib Bank Limited, Bank Alfalah Limited, and MCB Bank Limited.

Jazz, a major investor in Pakistan with over 30 years of history, serves 71.4 million subscribers and is a leader in the telecom sector with a 45% revenue market share.