Islamabad, March 13, 2026 – Jazz has announced plans to invest around $1 billion in Pakistan over the next three years as the telecom operator continues expanding its network and digital ecosystem following an investment of Rs58.676 billion during fiscal year 2024–25.
The company said the FY25 investment was aimed at expanding network capacity, strengthening digital platforms, and accelerating its transformation into an integrated digital services ecosystem known as JazzWorld.
The spending focused on improving connectivity infrastructure, scaling digital services, and embedding artificial intelligence across customer journeys and operations under its AI1440 (Augmented Intelligence) strategy, which targets providing advanced digital experiences to more than 100 million users in Pakistan.
Strong Revenue Growth in FY25
Jazz reported robust financial growth during FY25. Revenue in the fourth quarter of 2025 increased 24.5% year-on-year, while full-year revenue rose 18.6% YoY, driven by rising adoption of bundled connectivity and digital services.
Revenue from telecom and infrastructure services increased 17.7% YoY, supported by a 3.3% rise in mobile subscribers and a 21.3% increase in average revenue per user (ARPU). The company attributed the growth to improved pricing strategies, stronger prepaid monetization, and higher demand for integrated connectivity solutions.
Digital Ecosystem Expands Rapidly
Jazz’s digital ecosystem also showed strong momentum. Digital revenue grew 43.7% YoY in 4Q25, raising its contribution to 30.2% of total revenue, compared with 26.1% a year earlier.
Its fintech platform JazzCash continued to dominate Pakistan’s digital financial services sector with over 58 million customers. The platform processed transactions exceeding PKR 15 trillion in 2025 through a network of more than one million merchants and agents.
Meanwhile, Mobilink Microfinance Bank maintained growth momentum by expanding inclusive financial services, including the rollout of Islamic banking products for underserved communities.
Profitability and Infrastructure Expansion
During the fourth quarter of 2025, Jazz recorded 50.6% YoY growth in EBITDA, with margins improving to 45.7%, up 7.9 percentage points. For the full fiscal year, EBITDA increased 23.2% YoY, supported by strong revenue growth and operational efficiencies.
Capital expenditure reached PKR 20.8 billion in 4Q25, with quarterly capex intensity at 16.9%.
In the latest spectrum auction, Jazz acquired 190 MHz of spectrum for $239.5 million, significantly strengthening its network capacity and supporting the future rollout of next-generation connectivity services, including 5G.
Subscriber Base and Digital Platforms Grow
Jazz’s total subscriber base reached 73.9 million, while its 4G user base exceeded 55.5 million, reflecting a 9.8% annual increase. As a result, 4G penetration rose to 75.2% across the network.
Customers using multiple services—known as multiplay users—increased 12% YoY and now account for 38% of the total user base, generating more than three times the ARPU compared to voice-only users.
The company’s digital platforms also recorded strong engagement:
• Tamasha – 17.5 million monthly active users
• SIMOSA – 24.1 million monthly active users
• FikrFree – over 11.2 million policyholders
• ROX – 1.5 million monthly active users
CEO Highlights Future Investment
Commenting on the company’s performance, Aamir Ibrahim, CEO of JazzWorld, said the results reflect strong momentum behind the company’s transformation into Pakistan’s leading integrated digital services provider.
He added that the planned $1 billion investment over the next three years will strengthen connectivity infrastructure and prepare the network for the phased rollout of 5G services across Pakistan.
The investment is expected to expand digital connectivity, promote financial inclusion, and connect millions more Pakistanis to opportunities in the country’s growing digital economy.