Jazz invests Rs 14.9 billion during Q1 22, overall investment crosses $10.2 billion

TechnologyJazz invests Rs 14.9 billion during Q1 22, overall investment crosses $10.2...

ISLAMABAD, Pakistan: Continuing its focus on driving digital inclusion, Jazz invested Rs 14.9 billion under its ‘4G for all’ ambition during the first quarter of 2022, taking its overall investment in Pakistan to US$ 10.2 billion.

A majority of its capital expenditure during this quarter was on the addition of approximately 500 new 4G sites, reaching a population coverage of its 4G service to 55.7%. This network expansion played a key role in increasing Jazz’s 4G customer base by 27.8 percent YoY to reach 36.7 million while its overall subscriber base touched close to 75 million.

The performance of its digital services during the quarter solidified Jazz’s position as the country’s leading digital operator. Its digital financial service, JazzCash, reached 15.7 million monthly active users and 145, 000 active merchants. Its self-care app, Jazz World, continued to enjoy strong customer adoption levels with monthly active users growing by 23.1% YoY to reach 10.5 million.

The Jazz CEO Aamir Ibrahim, said, “We are continuously investing in expanding the outreach and capacity of our 4G network mainly in semi-urban and rural areas to empower the underserved, especially women, to benefit from the digital services portfolio we offer. Jazz remains committed to addressing the barriers to an inclusive digital ecosystem, including device affordability, so our fellow citizens can access health, financial, and other life-enhancing services through mobile broadband.”

Other streaming and entertainment platforms such as Tamasha, Bajao, Jazz Cricket, and Deikho, also enjoyed further growth as their quarterly usage increased multiple times YoY.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Afghan Taliban and Islamic State Khorasan mending their ways by demarcating areas of their operations

Afghan Taliban and Islamic State Khorasan are mending their ways by demarcating areas of...

0
Monitoring Desk: The Islamic Emirate of Afghanistan (IEA) is reportedly mending its relations with the Islamic State Khorasan (ISK) Province, a regional branch of...

Interview with President of the Republic of Azerbaijan Ilham Aliyev released by AZERTAC News...

0
Monitoring Desk: On January 7, President of the Republic of Azerbaijan Ilham Aliyev was interviewed by local TV channels. AZERTAC presents the interview, which...
Psychological mitigation of the crime and PTI fundraising campaigns to bail criminals out

PTI’s press conference exposed the frustration as it had failed to put pressure to...

0
Monitoring Desk: The press conference of PTI's leadership surely exposed the frustration of the party and it was a clear sign that the party...

Elon Musk also raised a question regarding the US funding the Taliban for spreading...

0
Monitoring Desk: The echoes of funding the terrorist group Taliban by the US government through US taxpayer’s money is as louder as it could...
Pakistan is paying the price of misgovernance

Pakistan is paying the price of Misgovernance

0
By Khalid KhanPakistan’s economic struggles continue to deepen as inflation soars and utility costs rise beyond the reach of ordinary citizens. The political and...
Advertisement