Infrastructure sharing, deployment of innovative solutions and investment in infrastructure upgrades to build the foundation of a 5G-ready Pakistan With the nation’s smartphone penetration rate expected to grow from the current 30% to over 60% in the next five years, integrated regional telecommunications infrastructure services provider edotco Group Sdn Bhd (“edotco”), through its local operations…
State Bank of Pakistan (SBP) has approved edotco Pakistan Private Limited (edotco PK) allowing local lenders to fund the acquisition by edotco PK of Jazz’s portfolio of 13,000 tower assets currently under Deodar Private Limited (Deodar). This development marks another step forward in approvals related to the transaction in the acquisition. The final regulatory approvals…
PTA (Pakistan Telecommunication Authority) has approved edotco PK’s change of shareholding in the Tower-Sharing Services Company by way of subscription by Dawood Hercules Corporation Limited (DH Corp) of 45% of the share capital of edotco PK, an end-to-end telecom infrastructure services company. This positive decision of the Government and the Regulator is a welcome promotion…
