Jazz, Telenor and Ufone said in a letter to the Banking Policy and Regulations Department of the central bank, that the requirement that became effective on April 7 is “extremely detrimental” to the industry.
Jazz, Telenor and Ufone Demand Reversal of 100pc Cash Margin Requirement for Imports
The telecom sector depends heavily on imports for its equipment like power equipment, lithium batteries, routers, mobile phones, main telecom equipment, telecom parts, hard disks and servers. The letter also contains that these companies also threatened to either reduce their network expansion plans or obtain new financing from banks. Read also: Ufone Number Check Code If the companies follow the order of SBP, it will put a direct impact on the telecom capital expenditure rollout plans for the year. Moreover, it will also affect the network capacity enhancements to increase services penetration and modernization as well as the upgrade of base transceiver station sites from 2G to 3G/4G technology. See Also:
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