In another positive development, Malaysian telecom giant to invest $1 billion in Pakistan
ISLAMABAD - A delegation from Malaysian Tower Company, edotco Group Sdn. Bhd, led by CEO edotco Group, Suresh Sidhu and Managing Director edotco Pakistan, Arif Hussain met the Foreign Minister to discuss opportunities for future investment in the telecom sector and exchanged ideas on the expansion of business in the country.
The delegation gave an in-depth briefing to the Foreign Minister about the company’s latest ventures in Pakistan and highlighted that edotco Pakistan has long term agreements with all four telecom operators of the country including Jazz, Ufone, Telenor and Zong. edotco Group plans to expand investment in Pakistan from $200 Million to over $350 million.
Being the only independent tower company in the country, edotco brings regional operational strength of 29,900 towers across its footprint combined with experience in rolling out next-generation’ shareable infrastructure like lightweight carbon fiber towers, energy as a service and smart street furniture that support fast and cost-effective 4G rollout for mobile operators.
Speaking about their future plans, CEO Edotco group, Suresh Sidhu said,
Pakistan is an important market for us and we aim to introduce latest innovations in the telecom sector to strengthen coverage across the country. Our company has already invested 200 Million Dollars in Pakistan and considering the growing number of digital users, we further plan to invest 1 Billion Dollars in the future.
Foreign Minister, Shah Mahmood Qureshi lauded Edotco’s efforts towards building a strong telecommunication network in Pakistan. He said,
Pakistan is becoming an ideal country for foreign investment. Our government is committed to creating opportunities which would enhance ease of doing business here. In order to increase investment in Pakistan we have already deployed economic ambassadors who shall present Pakistan’s case in the international market.
Edotco’s delegation extended their gratitude to the Foreign Minister for his cooperation and aimed to collaborate frequently in the future.