Engro Corporation to inject PKR 21.5 billion in its Telecom Infrastructure Vertical
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#ENablingGROwth #Engro #EmpoweringPakistan #Investment #Connectivity
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The total equity injection of PKR 21.5 billion in EConnect will be mainly utilized to expand the Build-to-Suite (BTS) tower business under Enfrashare
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Enfrashare has over 1,800 operational sites with a current tenant base of 1,963 tenants and has framework agreements in place with all 4 Mobile Network Operators (MNOs) in the country. Engro envisages to make Enfrashare a 5,000 BTS tower company by the year 2025.
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A promising growth story is seen for the telecom sector in Pakistan with the 3G / 4G subscriber base expanding beyond 100 million and registering an annual growth of 28%, coupled with exponential data growth that has more than doubled from FY 2018 to FY 2020.
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Congratulations team engro and best wishes to Enfrashare. Significant potential in Pakistan to increase tenancy, remover duplications in telco infrastructure and rather leverage those resources in helping spread high speed connectivity across Pakistan.
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