Engro's Telecom Tower Merger with Jazz's Deodar Clears Final Hurdle

Engro Holdings Limited has successfully secured all necessary corporate, regulatory, and judicial approvals for the amalgamation deal with Pakistan Mobile Communications Limited (PMCL), specifically for the merger involving PMCL's telecom tower arm, Deodar (Private) Limited. This strategic move is set to become effective on June 3, 2025, transferring Deodar's extensive tower infrastructure to Engro Connect, a subsidiary of Engro Corporation. This transaction is a pivotal step for Engro, marking its significant entry into the telecom infrastructure sector. Known for its diversified portfolio across various industries, Engro's acquisition of over 10,000 passive telecom towers aligns with its strategy to invest in cash-generating ventures. Conversely, this transaction aids Jazz—PMCL's operator—in shifting towards an asset-light model, enabling focused investments in digital and core telecom services. The deal is strategic for both parties, with Engro expanding infrastructural capabilities while Jazz gains financial flexibility. Industry analysts see this as a beneficial consolidation that optimizes tower sharing and supports rapid rural telecom expansion. This development not only highlights Engro’s future ambitions in telecom infrastructures but also signals a transformative shift in Pakistan’s digital infrastructure landscape.