This past Friday, Pakistan approved Veon Engro merger as Veon officially announced that all the required approvals from relevant authorities have been successfully obtained, clearing the way for its partnership with Engro, one of Pakistan’s most prominent business groups. With no legal or regulatory obstacles left, both companies are now set to move forward with their planned collaboration.
As part of this strategic move, Veon and Engro will combine their telecom infrastructure resources under one platform. This includes assets such as mobile towers, network equipment, and related facilities spread across the country.
By merging these assets, the two organizations aim to manage them more efficiently, reduce duplication, and improve network quality and coverage nationwide. Pakistan Approved Veon Engro Merger, and his partnership marks a major step towards strengthening Pakistan’s digital foundation and expanding access to reliable mobile and internet services, especially in areas that have long been underserved.
Pakistan Approved Veon Engro Merger: What It Means
First announced in December 2024, the deal will see Deodar which Veon owns through its subsidiary Pakistan Mobile Communications Limited (commonly called Jazz) — officially transferred to Engro Connect via a structured arrangement. Pakistan Approved Veon Engro Merger as a significant move in reshaping telecom partnerships in the country.
As part of this major agreement, Engro has agreed to pay Jazz a sum of $188 million. Along with this payment, Engro will also take full responsibility for clearing Deodar’s internal debt, which amounts to $375 million. This step is not just about financial transfer. It reflects a long-term strategic partnership between both companies. On the other hand, Jazz won’t be stepping away from Deodar completely. Instead, it will continue to use Deodar’s vast telecom infrastructure like towers and other network equipment on a long-term lease basis.
This will allow Jazz to keep offering mobile call and internet services smoothly to millions of people across Pakistan, without owning the physical infrastructure itself. The arrangement is designed to boost efficiency, improve service quality, and expand digital reach in both urban and rural areas of the country.
Next Steps Revealed
Veon confirmed that the necessary regulatory approvals have been secured from key authorities, including the Competition Commission of Pakistan, Pakistan Telecommunication Authority, and the Islamabad High Court. They expect the scheme of arrangement and all associated agreements to be completed by June 2025. This follows the development where Pakistan Approved Veon Engro Merger, giving both companies the green light to begin full integration of resources.
Kaan Terzioglu, the CEO of Veon Group and chairman of the Jazz Board, believes this partnership will clearly demonstrate how smart and well-planned investments in infrastructure can play a major role in accelerating digital growth and improving connectivity in developing regions.
He explained that this significant agreement will enable Jazz to rapidly change into a leaner and more flexible service provider, focusing more on delivering quality services rather than owning heavy infrastructure. This shift will open up new opportunities for growth and innovation for both Jazz and Engro Corp. Ultimately, it will play an important role in helping Pakistan move forward in its digital transformation by improving access to better technology and connectivity across the country. It’s clear why Pakistan Approved Veon Engro Merger with such confidence it reflects strong steps toward the nation’s tech-driven goals.
Engro’s Commitment to a Connected Future
Abdul Samad Dawood, the CEO of Engro Holdings, explained that their investment in Deodar clearly shows how important telecom infrastructure is to the company’s future plans. He highlighted their strong commitment to improving network coverage across Pakistan, making sure more people get access to reliable mobile and data services.
Beyond just technology, he emphasized that this effort aims to support and empower local communities by connecting them better to opportunities.
The goal is to build a stable and modern telecom network that can handle future demands and help drive long-term growth and progress for the country. With moves like these, it’s easy to understand the impact when Pakistan Approved Veon Engro Merger it’s not just a deal, but a national milestone.
