Pakistan Mobile Communications Limited (PMCL),[2][3] doing business as Jazz, is a Pakistani wireless network operator headquartered in Islamabad.
In February 2001, Egypt based Orascom Investment Holding bought Motorola's shares in Jazz to become the majority shareholder with 69% control.
[4] Then, in June 2007, Orascom further purchased the remaining shares under Saif Group's control to become Jazz's 100% owner.
[5] In November 2015, VEON announced the acquisition of Warid Pakistan, a subsidiary of Abu Dhabi Group.
Completed in July 2016 after due approvals, the first-ever local telecom company acquisition created a combined subscriber base of 50 million.
[7] In March 2021, VEON completed the acquisition of 15 percent shares held by Abu Dhabi Group for US$273 million.
[20] In July 2021, Jazz upgraded its existing LTE network to LTE-A Pro, with the introduction of 256-QAM and Massive MIMO.