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Jazz and VEON Pledge $1 Billion for Pakistan’s Digital Expansion After Spectrum Wins

Ministers cast the auction as a proof point for a steadier policy climate.

Overview

  • Jazz and VEON detailed the three‑year plan in meetings with Finance Minister Muhammad Aurangzeb on Monday, following Pakistan’s multiband spectrum auction.
  • Jazz added 190 MHz of spectrum for more than $239 million, lifting its total holdings to 284.4 MHz and boosting capacity on the radio airwaves that carry mobile data.
  • The government said the sale raised $510 million and was run through a transparent, consultative process that it called a win for users.
  • The new airwaves will back wider 4G coverage and a phased 5G rollout, which could raise speeds for work, health care, schooling, and e‑commerce.
  • Jazz also pointed to JazzCash and Mobilink Bank to expand digital payments, subsidy delivery, and access to small loans, citing over $11 billion invested across three decades as proof of long‑term commitment.