Jazz Secures Landmark Credit Facility to Enhance 4G Network – Teleco Alert
Summary
This transaction reflects the financial communitys trust in Jazzs solid market reputation and our leadership on the digital front. It is a crucial step toward ensuring that all Pakistanis, regardless of location, gender, or socioeconomic status, can harness the transformative power of the internet and digital services.Mr. Zafar Masud, President & CEO of The Bank of Punjab, stated, Leading this landmark transaction in the telecom sector exemplifies our strategic focus on digital transformation in Pakistan. Our partnership with Jazz underscores BoPs dedication to advancing technological progress and supporting the growth of the telecom industry. Earlier on, Jazz announced the successful closure of its PKR 15 billion Sukuk led by Askari Bank Limited, marking a milestone as the first-ever and largest short-term unsecured Sukuk by a telecom operator in Pakistan, which won global accreditations from EuroMoney Islamic Finance Awards and Asian Banking & Finance, and is expected to boost the use of Shariah-compliant financial instruments within Pakistans capital markets.