Engro Corporation has acquired 10,500 telecom towers from Jazz, solidifying its position as the largest independent tower operator in Pakistan, with a strategic focus on enhancing revenue and market share.

Information on the Target

Engro Corporation (ENGROH) is a diversified conglomerate based in Pakistan, with significant investments across various industries including fertilizers, foods, petrochemicals, power, and telecom infrastructure. Recently, the company made a strategic move by acquiring Jazz-owned telecom towers through its subsidiary, Engro Enfrashare, which positions it as the largest independent tower operator in the country.

This acquisition, valued at $560 million, involves the purchase of 10,500 telecom towers and enhances Engro's operational footprint, allowing it to manage a total of 14,500 towers. This solidifies Engro's market presence, enabling it to capture a substantial share of the telecommunications infrastructure sector.

Industry Overview in Pakistan

The telecommunications industry in Pakistan has experienced significant growth over the past few years, driven by rising mobile connectivity and the increasing demand for data services. The country has seen investm