EConnect is a wholly owned subsidiary of Engro and will hold complete ownership of Engro Enfrashare (Pvt.) Limited (Enfrashare), which is now Pakistan’s largest independent telecom tower company in terms of operationalized and active towers. The total equity injection of PKR 21.5 billion in EConnect will be mainly utilized to expand the Build-to-Suite (BTS) tower business under Enfrashare including but not limited to provision of efficient energy solutions, modernization of operations, installation of state-of-the-art network monitoring solutions and exploration of other investment avenues within the connectivity value chain. Today, Enfrashare has over 1,800 operational sites with a current tenant base of 1,963 tenants and has framework agreements in place with all 4 Mobile Network Operators (MNOs) in the country. Engro envisages to make Enfrashare a 5,000 BTS tower company by the year 2025. A promising growth story is seen for the telecom sector in Pakistan with the 3G / 4G subscriber base expanding beyond 100 million and registering an annual growth of 28%, coupled with exponential data growth that has more than doubled from FY 2018 to FY 2020. With such strong development on the horizon, Enfrashare and its tower infrastructure will be a critical enabler for the MNOs to expand their networks while ensuring quality of services.
