Jazz to sell at last?
Jazz inches closer to the sale of its towers and Telenor looks to exit the market, but challenging economic conditions put pressure on Pakistan’s bustling tower sector
Souring inflation and insufficiency of US dollar liquidity over the last 6 months has thrusted Pakistan’s economy into a crisis with energy prices and a shortage of equipment driving up opex spending for towercos and MNOs. However, the sale of Jazz’s towers and Telenor's exit brings a new wave of tower activity to a market which still has enormous room for growth.
Jazz inches closer to a tower sale
Jazz, the Pakistan subsidiary of multinational operator Veon, is close to completing the sale process of its 10-12,000 tower unit Deodar in Pakistan.