Business

Mobilink to invest $1 billion over next 5 years

July 14, 2016

260

Mobilink is set to invest $1 billion over the next five years, with $300 million to be invested in the current year on the expansion and up-gradation of the cellular services in Pakistan, a report in the local media suggested.

Talking to a group of journalists, Group Executive Officer of Mobilink Jean-Yves Charlier said that the company has a robust investment plan for Pakistan and will make an investment of $1 billion in the next five years.

A major chunk of the investment will be made to expand cellular infrastructure, establish franchise outlets and introduce new IT services. Yves further mentioned that the company will also spend a substantial amount on capacity building of youth in the digital services.

Yves said that Mobilink, as a leading cellular company, wants to have a transparent and professional regulatory regime in the country. He said that after the merger of Warid and Mobilink, the customer of the former will largely benefit from the expanded infrastructure and network of the latter.

Talking about the merger, Yves said it is a win-win situation for both companies as well as for the consumers.

“We have no interest in increasing prices of our products. Rather (we are) much interested in introducing new digital services for customers,” he added. “It is also our ambition to introduce digital entrepreneurship in Pakistan,” he added.