Telenor Group to invest $140 million

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Mr. Sigve Brekke, President & CEO of Telenor Group called on Prime Minister Imran Khan at PM Office Islamabad on December 4, 2018

ISLAMABAD: Sigve Brekke, President & CEO of Telenor Group called on Prime Minister Imran Khan on Tuesday.

 

 

 

Brekke also Telenor’s commitment towards financial inclusion and informed the Prime Minister of incoming investment of $140 million as a result of the recently announced partnership with Ant Financial.

Sigve Brekke shared with the Prime Minister telenor’s experience of investment in Pakistan terming as very satisfactory.

He thanked the government of Pakistan for its continued support for the telecom sector and for encouraging foreign direct investments into the country.

He said that Telenor Group has been operating in Pakistan since 2005 and has made a significant impact on the socioeconomic uplift of the country.

The group has invested over $3.5 billion and created over 5,000 direct jobs, in addition to hundreds of thousands of indirect jobs.

Sigve Brekke informed the Prime Minister that future plans of Telenor include scaling up of financial services, connecting farmers to the the digital world and extending its services in the health care and digital entrepreneurship.

Through these initiatives, employing ICT solutions, Telenor aims at serving the people of Pakistan even better with all the learning they have gathered during past thirteen years.

The Prime Minister appreciated Telenor’s contribution in the telecom sector and said that the government aims to develop a knowledge based economy in Pakistan and value Telenor as an important partner in developing the ecosystem that supports the Government’s development agenda.

The Prime Minister reiterated that the Government is committed to transparency and facilitate investors and enable them take full advantage of huge potential existing in the growing economy of the country.

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