China’s Sunwalk Group to invest US $ 2 billion in Pakistani telecom sector
Islamabad: China’s Sunwalk Group intends to invest US $ 2 billion in the telecom sector for the deployment of an Optical Fiber Network, encompassing an area of 100,000 kilometres over a period of time in Pakistan.
A high-level delegation of Sunwalk Group led by Chairman Hou Xingwang called on Federal Minister for IT and Telecom Syed Aminul Haque here to discuss the investment.
The meeting discussed about Investment in Telecom Infrastructure, Optical Fiber Cable (OFC), and Right of Way (RoW).
Sunwalk (Pvt) Limited, is a telecom and technology-based multinational private Chinese enterprise that has developed multiple telecoms, and communication infrastructure projects in China and has acquired a Telephone Industries of Pakistan (TIP) License in Pakistan.
The company already started deployment and invested about US $ 5 Million and has the plan to deploy 5000 km OFC as the next step.
Minister IT & Telecom Syed Aminul Haque briefed the delegation that consultation with the Ministry of Railways and Highways Authority is ongoing regarding the Right of Way to laying OFC. He assured that all obstacles in this regard will be removed soon.
Hou Xingwang on the occasion said that they have a longstanding relationship with Pakistan and also provide services to different sectors. Chairman Sunwalk expressed his gratitude to Federal Minister IT Syed Amin Ul Haque and his team for their full support and cooperation.
The meeting was attended by Member Telecom Muhammad Omar Malik, Director General Wireless Jahanzeb Rahim while the Sunwalk delegation comprised the Vice President of Sunwalk Group, Tony Li (Assistant to Chairman), Chen Dianbo (COO of Sunwalk Pakistan), and Afshaan Malik (CBO of Sunwalk Pakistan).