Engro Corporation To Inject Pkr 21 5 Billion In Its Telecom Infrastructure Vertical
EConnect is a wholly owned subsidiary of Engro and will hold complete ownership of Engro Enfrashare (Pvt.) Limited (Enfrashare), which is now Pakistan’s largest independent telecom tower company in terms of operationalized and active towers. The total equity injection of PKR 21.5 billion in EConnect will be mainly utilized to expand the Build-to-Suite (BTS) tower business under Enfrashare including but not limited to provision of efficient energy solutions, modernization of operations, installation of state-of-the-art network monitoring solutions and exploration of other investment avenues within the connectivity value chain....