Telenor: $80 Million Investments in Pakistan

Telenor is investing 80 million dollars in Pakistan in order to expand network, an unnamed Telenor official of Daily Times quoted this.

However, this investment is not so big; nevertheless it is a long looked-for investment inflow in the Pakistani market, and one would agree that this is the highest investment by a single company in the last few months.

Compared to 736 million dollars of FDI during July 2008 to July 2009, its qualities mention here sums up to the total of 205.4 million dollars during July 2009 to 2010.

Reports say that this investment will be spent on various upcoming and existing projects associated to network infrastructure expansion. Number of franchises, number of cell sites and other infrastructure related projects will be achieved.

Couple of years back Telenor had planned to invest 500 million dollars for Group’s Pakistani arm, on one condition if it was granted 3G license. On the other hand, delay in 3G license has stopped the progress of many things along with a turn in investment plans of the cellular companies.

Enjoyed this article? Submit your email to receive daily news and updates.

***You must click confirmation link sent in email. If you don't see the email, check spam folder.

Filed in: Telenor Tags: , ,

Leave a Reply

Submit Comment

© 2022 Tech Readers. Reproduction without explicit permission is prohibited. All Rights Reserved. XHTML / CSS Valid.