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September 17, 2019
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Malaysian telecom giant to invest $250 million in Pakistan

ISLAMABAD: Malaysia’s Edotco Group will invest $ 250 million in next five year in Pakistan to expand and upgrade its network infrastructure.

Edotco Group is a unit of Malaysian telecoms firm Axiata Group.
The planned investment by the company is aimed at to meet the projected 5-fold increase in mobile data usage in the country.

Chief Executive Officer of Edoto Group Suresh Sidhu said that the company had already invested $100 million in Pakistan. It will invest $50 million per annum in the next five years in the country, he added.

He underlined the need for a conducive environment for investment, besides cost-effective infrastructure system.

Sidhu said that Pakistan could become the hub of connectivity on telecommunication services with the Gulf region and urged the authorities to take certain pre-requisite steps to go ahead with 5G technology, including installing fibre lines across the country.

He deplored the delays in implementation through procedures and decision taking processes.

Sidhu said technology – 3G/4G is faster in Pakistan, and also urged for sharing telecom infrastructure to make the tower infrastructure cost-effective.