ISLAMABAD: After taking over Warid Telecom, Mobilink is set to invest $1 billion over the next five years, with $300 million to be invested in the current year on the expansion and up-gradation of the cellular services in Pakistan.
Talking to a group of journalists here, Group Executive Officer of Mobilink Jean-Yves Charlier said that the company has a robust investment plan for Pakistan and will make an investment of $1 billion in the next five years.
Under the investment plan, 1,500 new franchise outlets will be opened across the country and 5,000 new jobs will be created besides improving the digital and cellular services.
A major chunk of the investment will be made to expand cellular infrastructure, establish franchise outlets and introduce new IT services. Yves further mentioned that the company will also spend a substantial amount on capacity building of youth in the digital services.
Yves said that Mobilink, as a leading cellular company, wants to have a transparent and professional regulatory regime in the country. He said the government needs to provide a pro-business atmosphere with transparent and fair competitive corporate environment so that business plans can be smoothly implemented.
“We will work with the government and there is also a need to promote public private partnership to expand the cellular services for 50 million customers,” he said.
He said that after the merger of Warid and Mobilink, the customer of the former will largely benefit from the expanded infrastructure and network of the latter.
Talking about the merger, Yves said it is a win-win situation for both companies as well as for the consumers.
“We have no interest in increasing prices of our products. Rather [we are] much interested in introducing new digital services for customers,” he added. “It is also our ambition to introduce digital entrepreneurship in Pakistan,” he added.
Published in The Express Tribune, July 14th, 2016.