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.
