One billion dollars investment would be made in Pakistan during the next five years, Chief Executive Officer of VimpelCom Jean-Yves Charlier said here on Wednesday.
Addressing a press conference, he said, "Mobilink and Warid will benefit from VimpelCom's $1 billion investment in building one of the largest and most ambitious IT infrastructures in the industry.
The new digital systems will enable faster roll-out of new local products and services, particularly in the areas of mobile entertainment, communications, the Internet of things and mobile financial services.
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He said that 50,000 new jobs across Pakistan would also be created in next five years.
He added: “Over 50 million customers in Pakistan will benefit from high-speed mobile telecommunications and a best-in-class digital mobile network.
The combined Mobilink and Warid entity will be the leading telecommunications provider of 2G, 3G and LTE services in Pakistan, providing higher quality national voice and data coverage, faster downloads, and a wider portfolio of products and services.
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He said around 1500 Mobilink-Warid franchisee shops would be opened across the country.
The CEO said, "Our focus in future will be to improve and provide better services to the customers.
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He said that 38 million of customers of Mobilink will be provided 4G while 12 million consumers of Warid will be given 3G services.
"We have made a commitment with Prime Minister Muhammad Nawaz Sharif during a meeting to provide our services in remote areas," he added.
To a question, he said, "Pakistan has quality and dynamic workforce".
Source: http://nation.com.pk/business/14-Jul-2016/vimpelcom-to-make-1b-investment-in-five-years