Loading ...

Jazz secures telecom sector’s largest credit facility to support 4G network rollout

Jazz secures telecom sector’s largest credit facility to support 4G network rollout
Islamabad – 23 June 2021: Jazz has secured a PKR 50 billion syndicated credit facility from a banking consortium led by HBL. This 10-year facility will be used to finance the company’s ongoing 4G network rollouts and technology upgradation.

This is the first of its kind facility extended to the telecom sector in terms of the amount and tenor. The facility is fully subscribed by HBL, the consortium’s investment agent and mandated lead arranger. Other banks who are also acting as the mandated lead arrangers and advisors on this deal include: United Bank Limited, National Bank of Pakistan, MCB Bank, Bank Alfalah, Allied Bank Limited, Askari Bank Limited, Bank of Punjab, Meezan Bank Limited and Faysal Bank Limited

As the country’s leading digital services provider, Jazz has over 69 million subscribers and more than 28 million 4G users nationwide. Over a period of two years, the company has invested USD 462 million on 4G infrastructure. The Pakistan Credit Rating Agency Limited (PACRA) has also recently upgraded Jazz’s long-term rating to ‘AA’ with a stable outlook, depicting the company's strong financial depth in the industry.

“We continue to drive the digital Pakistan agenda by improving digital infrastructure, bridging the digital divide and focusing on financial inclusion. We are enabling societies by investing in entrepreneurship, digital skills and literacy. This facility is an integral step towards ensuring that people are not bound by the limitations of geography, gender, or socioeconomic background, in harnessing the power of the internet. A transaction of this size is a testament to the trust the financial community has on Jazz’s strong financial profile and its leadership position in the telecom industry,” said Gabor Kocsis, Chief Financial Officer, Jazz.

Muhammad Aurangzeb, President & CEO - HBL commenting on the occasion stated, “We are delighted to have led this landmark transaction in the Telecom sector. HBL has a long-standing relationship with Jazz spanning more than two decades. For the Bank, such transactions serve HBL’s strategic priority of supporting the promotion of digitalization across the country, while underscoring HBL’s commitment to stand by the robust and progressive telecom sector of Pakistan.”

COMMENTS

BLOGGER
Name

5G,1,Aagha Ali,8,Aamir Khan,1,Abaya,7,Abbas Ashraf,1,Adnan Siddiqui,1,Afifa Jibran,2,Afsaneh,1,Ahmed Ali Butt,1,Ahmed Godil,5,Ahsan Khan,5,Aima Baig,23,Aiman khan,80,Ali Ansari,2,Ali Xeeshan,1,Ali Zafar,3,Alishba Anjum,1,Alizeh Shah,28,Alizeh Tahir,3,Alizey,1,Alkaram,4,Almirah,4,Alyzeh,1,Amal Muneeb,6,Amar Khan,2,Amina Shiekh,3,Amna Ilyas,4,Amna Malik,3,Android,27,Angin Altan,1,Anmol Baluch,9,Anoushay Abbasi,1,Anum Fayaz,1,Anumta Qureshi,3,Apple,9,Apps,189,Areeba Habib,3,Areeka Haq,1,Arij Fatima,1,Arisha Razi,3,Armeena,5,Asim Azhar,6,Asim Jofa,8,Asma Abbas,1,Atif Aslam,5,Atiqa Odho,1,Ayesha Khan,7,Ayesha Umer,13,Ayeza Khan,118,Azekah,5,Bakhtawar,2,Beech Tree,3,Benita David,1,Bollywood,85,Bonanza Satrangi,10,Bridal Collection,1,Bridal Dresses,67,Burcu Kiratli,2,Burcu kıratlı,1,Bushra Amir,3,Bushra Ansari,3,Celebrities,3053,Children Prints,11,Coronavirus,1,Cross Stitch,2,Daniyal Raheel,1,Dresses,420,Dua Malik,4,Dur-e-Fishan,3,Edenrobe,7,Eman Suleman,5,Ertugrul,25,Esra,8,Facebook,11,Fahad Mirza,2,Fahad Mustafa,14,Faisal Qureshi,13,Faiza Saqlain,1,Faizan Sheikh,4,Falak,15,Faryal Makhdoom,3,Faryal Mehmood,7,Fashion,508,Fatima Effendi,21,Fatima Sohail,5,Fawad Khan,4,Feroze Khan,4,Firdous,3,Firefox,2,Fiza Ali,12,Food,11,Froggy,4,Gadgets,254,Gents Dress,49,Ghana Ali,8,Gmail,3,Gokce,1,Google,22,Google Assistant,4,Google Duo,2,Google Gboard,2,Google Maps,5,Google Photos,3,Google Pixel,1,Gul Ahmed,19,Gul Panra,1,Hadiqa Kayani,2,Hair Styles,9,Hajra Yamin,3,Halime,12,Hamza Ali,19,Hania Amir,36,Hareem Farooq,6,Hareem Shah,6,Hassan Ali,2,Health,12,Hiba Bukhari,6,Hijab,6,Hina Altaf,23,Hina Mirza,1,Hira Mani,55,Hollywood,30,How To,54,HP,1,HTC,2,Huawei,94,Humaima,3,Humayun Saeed,8,Iman Aly,1,Imran Ashraf,4,Imran Khan,1,Imrozia,1,Infinix,8,Instagram,16,iOS,35,IPhone,1,Iqra Aziz,69,Iqrar Ul Hassan,21,Ittehad,3,IVY,1,Iznik,1,Jannat Mirza,8,jav,1,Javeria,23,Jazmin,2,Jeans,1,Juggan,6,Junaid Jamshed,9,Junaid Khan,8,Kanwal Aftab,9,Kayseria,3,Khaadi,12,Khalil-Ur-Rehman,9,Kinza Hashmi,23,Kiran Haq,12,Komal Aziz,1,Komal Rizvi,8,Kompal Iqbal,2,Kubra Khan,7,Ladies Cloths,302,Laibba Khan,1,Lenovo,4,LG,7,Lifestyle,193,Limelight,1,Madiha Imam,2,Madiha Naqvi,2,Maham Amir,1,Mahira,45,Mahum Asad,1,Makeup,6,Malala,3,Mansha,8,Maria B,11,Maryum N Maria,1,Mashal Khan,5,Masummery,1,Mathira,1,Mawra Hocane,22,Maya Ali,57,Maya Khan,1,Meera,2,Mehar Bano,4,Mehndi Styles,49,Mehwish Hayat,28,Microsoft,1,Mikaal Zulfiqar,1,Minal Khan,66,Mix topics,284,Mobilink,36,Momal Sheikh,12,Momina Iqbal,4,Momina Mustahsen,5,Moomal Khalid,1,Motorola,5,Mughal,1,Muneeb Butt,13,Music,47,Nadia Jamil,1,Nadia Khan,5,Naheed,1,Nail Art,4,Naimal,39,Natasha Khalid,4,Nauman Ijaz,2,Naveed Raza,1,Navin Waqar,1,Nawal Saeed,5,Nayatel,1,Nazish Jahangir,2,Neelam Muneer,11,Netflix,1,Nida Yasir,32,Nimra Ali,3,Nimra Khan,27,Nishat Linen,6,Nokia,10,Noor Bukhari,4,Nubia X,2,OnePlus,6,Oppo,8,Orient,1,Origins,1,Pixel,1,Press Release,105,PSL,5,PSL 6,1,PTCL,8,PUBG,1,Qalamkar,3,Quarantine,2,Rabeeca Khan,5,Rabi Pirzada,9,Rajbari,1,Ramadan 2020,1,Ramsha Khan,2,Rang Rasiya,5,Rea Rana,3,Realme,47,Reema Khan,15,Resham,4,Saba Faisal,4,Saba Qamar,28,Sabeeka Imam,6,Sabeena,2,Saboor Aly,16,Sadaf kanwal,22,Sadia,3,Sadia Faisal,9,Sadia Ghaffar,6,Sadia Imam,1,Sadia Khan,12,Saheefa,9,Sahiba,1,Sajal Ali,58,Salman Saeed,3,Sami Khan,1,Samsung,35,Samyah,4,Sana Fakhar,13,Sana Javed,15,Sana Khan,2,Sana Safinaz,4,Sana Sarfaraz,1,Sana Yasir,1,Sanam Baloch,3,Sanam Chaudhry,5,Sanam Jung,19,Sania Mirza,13,Saniya Shamshad,17,Sapphire,5,Sara Loren,1,Sara Razi,4,Sarah Khan,50,Sarwat Gilani,7,Saud,5,Shagufta Ijaz,4,Shahid Afridi,5,Shahroz,5,Shahrukh Khan,1,Shahzad Sheikh,2,Shaista Lodhi,7,Sham Idrees,6,Shaniera,1,Shawls,1,Sheheryar Munawar,11,Shehzad Roy,1,Shehzad Sheikh,3,Shoes,13,Showbiz,3273,Showbiz Articles,36,Sidra Batool,2,Skype,1,Snapchat,1,Sohai,1,Sony,4,Sonya Hussain,10,Sports,116,Spotify,1,Srha Asghar,4,Startups,2,Stylo,1,Sumbal,20,Summer Outfits,156,Suzain,2,Syed Jibran,18,Syra,8,Tahir Shah,2,Tech,568,Tecno,45,Telenor,6,TikTok,12,Tuba Aamir,8,TV Series,282,Twitter,3,Uber,3,Ufone,1,Uroosa,5,Urwa Hocane,24,Ushna Shah,7,Uzma Khan,2,Veena Malik,3,Vena Malik,3,Videos,104,Vivo,15,Wahaj Ali,3,Waliya Najib,5,Warda,5,WhatsApp,20,Windows,15,Winter Collection,93,WordPress,1,Xiaomi,14,Yashma Gill,7,Yasir Hussain,4,Yasra Rizvi,5,YouTube,4,Yumna Zaidi,9,Yumnah,1,Zahid Ahmed,2,Zaid Ali,1,Zara Noor,25,Zara Shahjahan,2,Zarnish,15,Zeb Bangash,1,zeenwomen,1,Zhalay,2,Zong,6,Zoya Nasir,3,Zubab Rana,5,
ltr
item
Daily InfoTainment: Jazz secures telecom sector’s largest credit facility to support 4G network rollout
Jazz secures telecom sector’s largest credit facility to support 4G network rollout
https://lh3.googleusercontent.com/-lPwDBC0Dqgw/YNM-K17pq6I/AAAAAAABJq0/zzB0dd_6jTYAFxI1JtGbrTKEbSVgfjDdQCLcBGAsYHQ/s1600/1624456746281392-0.png
https://lh3.googleusercontent.com/-lPwDBC0Dqgw/YNM-K17pq6I/AAAAAAABJq0/zzB0dd_6jTYAFxI1JtGbrTKEbSVgfjDdQCLcBGAsYHQ/s72-c/1624456746281392-0.png
Daily InfoTainment
https://www.dailyinfotainment.com/2021/06/jazz-secures-telecom-sectors-largest.html
https://www.dailyinfotainment.com/
http://www.dailyinfotainment.com/
http://www.dailyinfotainment.com/2021/06/jazz-secures-telecom-sectors-largest.html
true
3600554654078239861
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content