An agreement has been signed between Telenor Pakistan and also CMPak Zong that they will be sharing their optical fiber networks and that too across Pakistan. All of this has been revealed by Michael Foley who has been the CEO of Telenor Pakistan. It was said by Mr. Foley said that this suitable of its kind of resource sharing agreement will for sure be able to enable Telenor Pakistan and also CMPak Zong to make a sharing of their fiber optic network so that they can well meet these massive and giant growing data demands.
Telenor CEO said that our strategy is to keep on working smartly. We have now got an agreement with Zong and this agreement will be giving us benefits, we will be realizing our synergies and we will also be making hundreds of thousands of kilometers of deployed fiber that will be available to each other.
Why Telenor and Zong have opted for this agreement?
It is mainly because of growing market demands and also because of the narrowing margins that many of the Pakistani Telco’s have been opting for the asset sharing strategies. This subjected fiber optic sharing agreement that has been made between Telenor and Zong will be productive for both of them.
This arrangement has been all made possible by keeping in mind the strategy and also technological teams of both these companies, this agreement has also been supported by a cross functional team of these experts that have been from Finance and also from Regulatory, Legal and Sourcing departments.
Just keep in touch with us because will be giving you more updates about this agreement