Info Image

Mobilink to Invest $US1 Billion Over Next 5 Years in Pakistan

Mobilink to Invest $US1 Billion Over Next 5 Years in Pakistan Image Credit: GSMA

Mobilink announced that it will be investing $US1 billion over the next five years, with $US300 million to be invested this year for expansion and upgrades of its mobile network in Pakistan. The recently completed merger with Warid will see the Operator expanding over 1,500 new brand stores or mini franchises across country. The operator is also confident that it will create over 5,000 jobs across Pakistan over the next five years.

Also Read: VimpelCom's Mobilink Completes Merger with Warid to Serve over 50 million Customers

Jean Yves Charlier, CEO of Mobilink’s parent company, VimpelCom said, “We fundamentally believe that the growth opportunities in Pakistan are very substantial, mainly due to young population here and penetration of mobile services that are still on the rise in the country." He added that, "Integrating network assets would help introduce new products and services like mobile financial services, mobile apps and other value added services at scale. The merger would also result in superior customer experience as well as easier access and availability due to wider distribution network."

NEW REPORT:
Next-Gen DPI for ZTNA: Advanced Traffic Detection for Real-Time Identity and Context Awareness
Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Network Traffic Intelligence Startup Kentik Technologies Secures $23 Million in Series B Funding

NEXT POST

Reliance Jio Trial Users Reach 1.5m, Sets Big Plans for Digital Business