Jazz invests Rs14.9 billion during Q1

KARACHI: Jazz has invested Rs14.9 billion under its ‘4G for all’ ambition during the first quarter of 2022, taking its overall investment in Pakistan to $10.2 billion, a statement said on Thursday.

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 per cent.

This network expansion played a key role in increasing Jazz’s 4G customer base by 27.8 per cent on a year-on-year basis to reach 36.7 million while its overall subscriber base touched close to 75 million.

Jazz Chief Executive Officer Aamir Ibrahim said that Jazz is continuously investing in expanding the outreach and capacity of its 4G network mainly in semi-urban and rural areas to empower the underserved, especially women, to benefit from its digital services portfolio.

“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,” he added.

The network’s 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 per cent to reach 10.5 million.

Other streaming and entertainment platforms such as Tamasha, Bajao, Jazz Cricket, and Deikho’s growth increased multiple times during the quarter.