VEON, Global Telecom Holding (GTH) and Jazz yesterday announced the successful acquisition of the 4G license in Pakistan.
The company won 10MHz paired spectrum in the 1800 MHz band in a recent auction, making Jazz the only operator to offer its customers access technology from 2G / 3G / 4G & LTE.
Company has said that with this new development, it will double its 4G cell sites in the country by year end.
Jon Eddy, VEON’s Head of Emerging Markets, while commenting on the development said that investment in the auction shows VEON and GTH’s commitment to Pakistan.
“The acquisition of the 4G license will cement our position as the Number 1 telecom operator, in Pakistan, and will allow Jazz’s customers to enjoy the best voice quality, data experience and fastest connection in the whole of Pakistan”, said Jon Eddy.
Aamir Ibrahim, CEO Jazz, while commenting on the win said: “As a customer-obsessed company, Jazz will always provide the best possible customer experience to over 53 million Pakistanis who choose us as their preferred network. The purchase of additional spectrum is a testament to Jazz and its shareholders’ commitment to invest in Pakistan. Jazz wishes to acknowledge the role of Ministry of ITT, and PTA, for creating an enabling environment for this auction. With the addition of 4G services, our customers shall enjoy the best possible internet speeds in the country through our robust nationwide network.”
Following the direction of its parent company VEON, Jazz is moving towards becoming a digital telecom company.
As part of its business ambitions, acquiring this license is a step towards building an enhanced digital eco-system in Pakistan.