IFC approves financing for PTCL Group’s acquisition of Telenor Pakistan
The Board of Directors of the International Finance Corporation (IFC) has provided a go-ahead for financing to PTCL Group for the purchase of Telenor Pakistan. The decision follows PTCL Group’s signing of a share purchase agreement with Telenor Pakistan for the acquisition of a 100 percent stake in the company on a cash-free, debt-free basis.
Editor
Onic & Careem sign MoU to forge strategic alliance
The MoU was signed by Omer Bin Tariq, Country Head, Onic Pakistan, and Imran Saleem, General Manager Ride Hailing, Careem Pakistan, in the presence of Hatem Bamatraf, President and Group CEO, PTCL & Ufone 4G. The ceremony marks the beginning of a collaborative journey between Onic and Careem that aims to combine expertise of both the brands to deliver innovatively enhanced customer experiences.
Mehfooz
Telecom sector role vital for country’s economic uplift
President and Group CEO PTCL Hatem Bamatraf called on Minister of State for IT and Telecommunication Shaza Fatima Khawaja in her office. Matters related to Telecom sector, 5G rollout, Right of Way (RoW) and fiberization were discussed in the meeting.
PTCL Group steps up as Gwadar battles floods, delivering clean drinking water
PTCL Group joined forces with Pakistan Red Crescent (PRC) to provide essential relief and deliver up to 30,000 liters of clean drinking water every day for a month to the affected communities.
PTCL Group in collaboration with PPAF bridges digital gap by equipping women with smartphones
n celebration of International Women’s Day, Pakistan’s largest telecommunications and integrated ICT services provider, PTCL Group, joined hands with Pakistan Poverty Alleviation Fund (PPAF) and National Rural Support Programme (NRSP) to empower 100 women entrepreneurs in Haripur, Khyber Pakhtunkhwa. This initiative is part of the “Ba-Ikhtiar” program, a year-long endeavor to bridge the digital divide and equip women with the essential tools and financial knowledge necessary for building sustainable businesses.
PTCL Group’s strong operational performance during 2023 Posts highest ever revenue
PTCL Group, Pakistan’s leading telecom and ICT services provider has achieved a double-digit revenue growth of 25.8% during the financial year 2023. PTCL Group has maintained its strong performance, strengthening its status as Pakistan’s top integrated telecom service provider. Pakistan Telecommunication Company Limited (PTCL), posted 15.4% growth in its revenues, owing to its strong performance in both retail and business segments, whereas Ufone achieved 25.6% growth in its revenues. The Group’s subsidiary, U Microfinance Bank, kept a strong momentum and posted 76.5% revenue growth during 2023.
Adil Aziz
PTCL Group renews partnership with SNGPL for cellular services
PTCL Group (PTCL & Ufone 4G), and largest integrated gas company of Pakistan, SNGPL have renewed their partnership for the continued provision of the state-of-the-art cellular services to SNGPL under PTCL Group Business Solutions.
PTCL and Huawei successfully completes conducts trial of 50G-PON fiber optic broadband in Pakistan
Pakistan Telecommunication Company Limited (PTCL), the country’s leading broadband service provider, proudly announces the successful completion of the country’s first successful trial of 50G-PON technology, marking a historic stride towards the introduction of next-generation fiber-optic broadband services in Pakistan. This groundbreaking achievement is a result of PTCL’s strategic partnership with Huawei, a global leader in information and communication technology.
PTCL Group renews partnership with TPL Trakker for provision of ICT services
PTCL Group (PTCL & Ufone 4G), and leading GPS tracking and IoT services provider, TPL Trakker have renewed their partnership for the continued provision of the state-of-the-art machine to machine (M2M) and ICT services to TPL Trakker under PTCL Group Business Solutions.
High level Delegation of Telenor, Etisalat Group meets IT minister
A delegation comprising on the heads of Telenor Etisalat Group met with Caretaker Federal Minister for Information Technology and Telecommunication, Dr Umar Saif.