The VimpelCom Group CEO, Jo Lunder in a series of meetings has met with the President of Pakistan Mamnoon Hussain, Prime Minister of Pakistan Mian Muhammad Nawaz Sharif, Minister of State for IT and Telecom Ms. Anusha Rahman, Chairman PTA Syed Ismail Shah, and senior management of Mobilink.
During these meetings Mr. Lunder shared the Group’s vision for the region and reaffirmed its long term commitment to Pakistan.
Jo Lunder is visiting Pakistan to discuss future business prospects as the telecommunication sector enters a new phase of growth and development.
During his visit in 2012, VimpelCom committed to heavy investments in Pakistan which paved the way for introducing next generation mobile services in the country.
Jo Lunder re-affirmed VimpelCom’s commitment to the country during his meetings with the President and Prime Minister of Pakistan; he said, “VimpelCom is committed to Pakistan and Mobilink as it joins a growing number of global cellular networks that are thriving on the use of 3G/4G technologies. We compliment the government on this progressive step and hope that all measures will be taken to enable the telecom sector to provide affordable, quality voice and data services in Pakistan leading to a stable and sustainable economy.”
Mobilink’s parent company VimpelCom has invested USD 4.3 billion in the country till date.
Rashid Khan, President & CEO, Mobilink, added, “The continuous support provided by VimpelCom reiterates the trust it puts in Mobilink and is reflective of its commitment to Pakistan. Mobilink’s business and network infrastructure modernization as a result of VimpelCom’s support will go a long way in providing leading-edge, high-quality mobile broadband and voice-based next generation services to our customers. We will continue to enhance our infrastructure and technology to provide our customers with the best coverage and experience on Pakistan’s largest network.”
Jo Lunder’s visit to Pakistan follows a recent meeting with Minister of State for IT & Telecom, Ms. Anusha Rehman during the Mobile World Congress in Barcelona in February 2014. Both the Minister and the VimpelCom Group CEO had a discussion on the future of the telecom industry and the potential for new opportunities in the market.
Netherlands …
Trying to have influence for 3g/4g??????? or Govt. is demanding return by adjusting them in 3G/4G??????
invested 4.3 billion. we also need to see the amount they have recovered, if because of 4.3 billion they received 8.6 billion, then 4.3 billion is not even worth mentioning.
there are lot of companies who have not even made even their initial investmentes to lauch companies in pak. for example Telenor is yet to break even – even after being here for 8 years
For Telenor break even was reached way back in 2007. And Telenor is operating since 2004, they are here for 10 years now not 8.
Its better not to comment publicly if you are not sure about the stats.
Jo Lunder said that they would be investing $ 500 million up till 2016 in infrastructure, license fees etc… So looks like they will only be bidding for a 3g license in this auction, not 4g.