Jazz increases from 4G growth

Pakistan-based Jazz maintained a double-digit increase in its top-line for the initial quarter of 2021, with solid Long-Term-Evolution (LTE) uptake and more eminent data usage following the network development.

Mobile sponsors increased 11.7% YOY to 69 million, with 4G users rising 62.3% to 28.7 million, pushing Long-Term Evolution (LTE) penetration to 42% from 29%.

Data income of PKR20.5 billion was up 28.4%, adding to an overall 10.3% growth in service revenue to PKR50.4 billion.

The average revenue per user remained at PKR246, while average data usage rose 49.9% to 4.5GB. Monthly existing users of JazzCash increased 79% to 13.9 million, with revenue up 27%.

The Veon-owned worker doesn’t disclose net earnings but announced EBITDA increased 8.1% to PKR24.7 billion on whole revenue of PKR55.1 billion, 11.7% costlier.

Excluding spectrum licenses, Capex expanded 36.3% to PKR14.6 billion, representing 21.5% of income than 18.1% in Q1 2020.

The organization announced its 4G network proceeded to be the principal financing focus, with community coverage growing from 54% to 61%.

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