Jazz Invests Over PKR 25 Billion in Digital Infrastructure, Reports 17.7% Growth in 1H25
Jazz, Pakistan’s largest digital operator, has reinforced its position as a key player in the country’s digital evolution by investing over PKR 25.5 billion in infrastructure during the first half of 2025. This substantial investment, which centers on the expansion of 4G coverage, digital platform growth, and financial inclusion, reflects the company’s commitment to accelerating Pakistan’s digital transformation.
The telecom giant recorded a solid revenue growth of 17.7% in the first half of the year, with the second quarter alone seeing a 15.3% year-on-year increase in revenue. The surge was largely driven by strong performance in its core telecom business and a notable 35.7% rise in digital revenue, which now contributes 28.1% of the company’s total revenue—up from 23.9% in the same period last year.
Jazz’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a healthy increase of 5.4%, with a margin of 41.6%, underscoring the company’s successful transition to a ServiceCo model. Capital expenditure (capex) during this period reached PKR 16 billion, reflecting the company’s focus on building a robust and future-ready digital infrastructure.
CEO Aamir Ibrahim attributed the performance to Jazz’s strategic investments and evolving digital ecosystem. “Our second quarter results reflect not only strong financial performance but also our commitment to Pakistan’s digital future,” he said. “By expanding 4G, scaling digital platforms, and driving financial inclusion, we are laying the foundation for a more connected and capable economy.”
A key pillar of Jazz’s digital ecosystem is JazzCash, Pakistan’s leading digital financial service. With over 21 million monthly active users, JazzCash processed a gross transaction value of PKR 11.7 trillion over the past 12 months. Its nationwide network of 367,000 active merchants and 107,000 agents has played a major role in digitizing everyday financial transactions. The platform now processes over 140,000 digital loans daily, supported by the strong performance of Mobilink Microfinance Bank (MMBL), which saw a 36.2% year-on-year growth.
Subscriber growth also remained a bright spot for Jazz. The company’s total user base climbed to 73.9 million, including 54.6 million 4G users, marking a 15.3% year-on-year increase in 4G penetration, which now stands at 73.9%. Additionally, VoLTE users reached 32 million, and VoWiFi daily active users stood at 5.22 million, enabling high-quality voice services even in low-signal areas. Jazz also saw a 29.2% growth in multiplay users—subscribers who use multiple services—who now make up 36.4% of its base and generate more than three times the ARPU compared to voice-only users.
Jazz’s suite of digital platforms continued to show robust performance. Tamasha, its entertainment app, recorded over 12 million monthly active users in Q2, with a peak of 17 million during major cricket events in April. SIMOSA, the company’s lifestyle and SIMCare app, reached 21.2 million MAUs, while the insurtech platform FikrFree hit 9.8 million active policies and 2.2 million MAUs, demonstrating growing user confidence in digital insurance solutions. Meanwhile, ROX, Jazz’s premium digital brand, reached 800,000 subscribers in the second quarter alone.
As part of its asset-light strategy, Jazz completed the transfer of its tower assets to Engro Connect through the Deodar transaction. This strategic move is designed to improve operational efficiency and allow the company to focus on expanding its digital services portfolio.
Today, Jazz serves over 100 million Pakistanis across its growing range of digital verticals — including fintech (JazzCash), entertainment (Tamasha), self-care and lifestyle (SIMOSA), insurtech (FikrFree), cloud solutions (Garaj), and gaming (GameNow). This evolution from a traditional telecom company to an integrated digital services provider marks a significant shift in how Jazz delivers value, not just through connectivity, but through platforms that aim to uplift the lives and livelihoods of Pakistanis.
