Engro Corp partners with Veon to expand telecom towers in Pakistan, integrating EV charging and drone landing.

Engro Corp, Pakistan's largest conglomerate, is partnering with Veon to expand telecom tower-sharing in Pakistan and explore new uses like EV charging and drone landing. Engro will pay $188 million to Jazz, Veon's digital operator, and guarantee repayment of $375 million in intercompany debt. This comes as Pakistan navigates economic recovery with IMF bailouts and falling interest rates.

4 months ago
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