Engro Corporation has finalized a landmark $475 million deal to acquire a major telecom infrastructure portfolio from Deodar. The transaction, funded entirely through Sharia-compliant Islamic financing, stands as one of Pakistan's largest corporate deals of its kind. The acquisition includes over 10,000 operational telecom towers, a critical national asset that supports mobile connectivity across the country.

This strategic move significantly expands Engro's presence in the digital infrastructure sector. It positions the conglomerate to play a key role in meeting Pakistan's rising demand for data and mobile services. Financial experts note the deal highlights a growing trend where major Pakistani corporations are opting for Islamic financing structures to fund large-scale projects, accessing a deep pool of ethical domestic capital.

Analysts see the acquisition as a dual victory for Engro. It diversifies the company's revenue away from its core energy and fertilizer businesses and provides a stable, long-term income stream from tower lease agreements. The consolidation of this infrastructure under a major industrial player is expected to improve network coverage and service quality for millions of users nationwide.