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  • PTCL license expires

    PTCL license expires

    KARACHI: The business operation license of Pakistan Communication Company Limited (PTCL) expired on December 31, 2020 and the company is in discussions with the regulator for the renewal, a statement said on Friday.

    According to a communication sent to Pakistan Stock Exchange (PSX), the PTCL said that the integrated license was issued for 25 years effective from January 01, 1996 and valid under December 31, 2020.

    Therefore subsequent renewal was required effective form January 01, 2021.

    As per terms of PTCL license, PTCL initiated the renewal process by formally requesting Pakistan Telecommunication Authority (PTA) on June 29, 2018 (30 months prior to the expiry / validity of the license).

    The PTA responded in affirmative through its letter dated October 01, 2018 that PTCL’s license will be renewed in accordance with the government policy prevalent at the time of renewal.

    “Therefore, in the interest of business continuity and operations, PTCL has sought permanent injunction on December 18, 2020 from the Sindh High Court at Karachi by way of filing Suit No. 2081/2020 wherein PTA is restrained from taking any adverse action against the PTCL on expiry of license on December 31, 2020 and not to interfere in the business of PTCL and the provision of services on the basis of license.”

    The company said that it was in discussions with the PTA and the federal government to finalize the terms and conditions of the renewed license. “PTCL is confident its license will be renewed at the earliest,” it added.

  • Contracts worth Rs5.11 billion awarded for next generation broadband

    Contracts worth Rs5.11 billion awarded for next generation broadband

    ISLAMABAD: The Universal Service Fund (USF) on Monday approved award of contracts to Telenor, Zong, Ufone and PTCL worth Rs5.11 billion through the Next Generation Broadband for Sustainable Development program and the Next Generation Optical Fiber Network and Services program.

    Federal Secretary Ministry of IT and Telecommunication Shoaib Ahmad Siddiqui chaired 74th Board of Directors meeting of Universal Service Fund (USF) on Monday.

    PTCL is being awarded the contract of Kashmore, Ghotki, Sukkur and Khairpur districts in the province of Sindh.

    The Next Generation Optical Fiber Network and Services projects worth approximately Rs3 billion is aimed at laying of 1078 km of Optical Fiber Cable to connect 140 villages and union councils thereby providing high speed mobile broadband services to an unserved population of approximately 4.7 million.

    Moreover, the Board also approved award of contracts under the Next Generation Broadband for Sustainable Development Program worth Rs2 billion to Telenor, Zong and Ufone.

    Telenor is being awarded the contract of Chitral, Upper Dir and Lower Dir districts in the province Khyber Pakhtunkhwa whereby an unserved population of around 0.7 million will benefit from high speed mobile broadband services in 648 unserved villages and an approximate unserved area of 18,212 sq. km.

    Likewise, Zong is being awarded the contract of Karachi West and Malir districts in the province of Sindh that will benefit an unserved population of approximately 0.1 million in 36 unserved villages and approximately 690 sq. km of unserved area.

    Similarly, Ufone is being awarded the contract of Mastung and Ziarat districts in the province of Balochistan to serve an unserved population of approximately 0.1 million in 226 unserved villages and an approximate unserved area of 6,324 sq. km.

    During the meeting, Federal Secretary Ministry of IT and Telecommunication, Shoaib Ahmad Siddiqui said that as advised by the Federal Minister for IT and Telecommunication, Syed Amin Ul Haque, the basic purpose of these projects is not only to promote tourism infrastructure of the country but also to connect rural population with the digital world.

    He also said that the Ministry of IT and Telecommunication is leaving no stone unturned to provide broadband services to every Pakistani and accomplish Digital Pakistan vision; therefore, people should remain hopeful that such development interventions will reach them soon as well.

    Earlier, the Chief Executive Officer of USF, Haaris Mahmood Chaudhary briefed the Board members about the projects. He thanked the Federal Minister, Syed Amin Ul Haque, the Federal Secretary and Chairman of USF Board, Shoaib Ahmad Siddiqui and the Board members for entrusting him. He stated that USF ensures merit, transparency and timely completion of projects.

    Furthermore, he added that USF’s contribution to Digital Pakistan vision remains distinguished. Other board members comprising Maj. Gen (R) Amir Azeem Bajwa, Chairman PTA; Shabahat Ali Shah, CEO-NITB; Irfan Wahab, CEO-Telenor Pakistan; Imran Akhtar Shah, VP for Government Sales, Super Net Pvt Ltd and Nominee of Data Licensees; Rashid Khan, CEO-PTCL and Nominee of Fixed Line Operators; Kaukab Iqbal, Chairman-Consumer Association of Pakistan and Nominee of Consumer Group; Muhamad Omar Malik, Member- Telecom and management of USF Co. also attended the meeting.

  • PTCL declares 14.5% decline in annual net profit

    PTCL declares 14.5% decline in annual net profit

    KARACHI: Pakistan Telecommunication Company Limited (PTCL) has declared 14.5 percent decline in net profit for the year 2019.

    According to financial results submitted to Pakistan Stock Exchange (PSX), the company announced net profit of Rs6.347 billion for the calendar year ended December 31, 2019 as compared with Rs7.422 billion profit in the preceding year.

    The earnings per share for the year of the company also came at Rs1.24 as compared with the EPS of Rs1.46 declared in the last year.

    A final cash dividend for the year ended December 31, 2019 was at Re0.50 per share i.e. 5 percent. This is in addition to the interim dividend already paid at Re0.5 per share i.e. 5 percent.

    The gross profit of PTCL was recorded at Rs16.98 billion for the year 2019 as compared with Rs53.53 billion in the previous year.

    Administrative and general expenses of the company was at Rs6.76 billion in 2019 as compared with Rs6.257 billion in the preceding year.

    PTCL declared operating profit at Rs4.94 billion as compared with Rs6.51 billion.

    The profit before tax was recorded at Rs9.33 billion for the year 2019 as compared with Rs10.757 billion in the preceding year.

  • Hafeez Shaikh calls for early resolution of pending issues between PTCL, Etisalat

    Hafeez Shaikh calls for early resolution of pending issues between PTCL, Etisalat

    ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue on Thursday directed early resolution of pending issues between PTCL and Etisalat.

    Dr. Abdul Hafeez Shaikh has called for an early resolution of all outstanding issues regarding the PTCL privatisation with Etisalat and asked the stakeholders to finalise proposals on the subject within the next couple of weeks.

    He made this statement while chairing an Inter-Ministerial Committee constituted by the Prime Minister to discuss and resolve the issues related to the PTCL’s Privatisation.

    Minister for Privatisation Muhammad Mian Soomro, Minister for Information Technology Khalid Maqbool Siddiqui, Secretary Finance, Secretary Privatisation, Secretary Information Technology and Telecommunication and other senior officials were also present.

    During the meeting, the adviser was given a detailed briefing on the issues concerning the transfer of properties to Etisalat and the pending payments still to be made by Etisalat.

    The adviser called for greater efforts to resolve the outstanding issues in a smooth and amicable manner and asked the government team to contact the senior management of Etisalat to listen to their viewpoint and decide the unresolved issues at the earliest as any further delay was not in the interest of both the parties.

  • PTCL declares 14.33 percent growth in after tax profit

    PTCL declares 14.33 percent growth in after tax profit

    KARACHI: Pakistan Telecommunication Limited (PTCL) on Wednesday declared 14.33 percent growth in profit after tax for the nine-month period ended September 30, 2019.

    The company announced profit after tax of Rs5.46 billion during January – September 2019 as compared with Rs4.78 billion in the same period of the last year.

    The company announced Rs1.07 as earnings per share (EPS) for the period under review as compared with Rs0.94 EPS of the same period in last year.

    The total revenue of the company was flat at Rs43.774 billion in January – September 2019 as compared with Rs53.55 billion in the corresponding period of the last year.

    PTCL posted gross profit of Rs13.179 billion during nine-month period ended September 30, 2019 as compared with Rs13.721 billion in the same period of the last year.

    The administrative, general and selling/marketing expenses of the company were at Rs8.73 billion during January – September 2019 as compared with Rs8.478 billion in the same period of the last year.

    Other income of the company increased to Rs3.82 billion as compared with Rs2.18 billion.

    The profit before tax for the period was at Rs8.03 billion as compared with Rs6.927 billion in the same period of the last year.

  • Ufone, SCO sign bilateral roaming service agreement

    Ufone, SCO sign bilateral roaming service agreement

    ISLAMABAD: Special Communications Organization (SCO), the largest Integrated Telecom Service Provider in Azad Jammu & Kashmir (AJ&K) and Gilgit-Baltistan (GB) and Ufone have signed a Bilateral Roaming Services Agreement at PTCL headquarters, Islamabad.

    The ceremony was attended by Major General Amir Azeem Bajwa (Retired) HI (M), Chairman PTA; Major General Ali Farhan HI (M), Director General SCO; Rashid Khan, President & CEO, PTCL & Ufone and senior officials from both sides.

    With this agreement, Ufone has become the only mobile operator to offer Data service in addition to Voice and SMS services to SCO subscribers in Pakistan and SCO will also offer Roaming Voice & SMS services in AJ&K and GB to Ufone subscribers.

    It is pertinent to note that Ufone and SCO are already in an agreement since 2008, under which, SCO subscribers have been enjoying Voice and SMS Roaming services in Pakistan.

    This development is also seen as stimulating economic activity, as enhanced communication capability improves efficiency and productivity, resulting in cost savings and spurs growth of business.

    “SCO can now proudly claim that it has the most advanced network, providing state-of-the-art mobile services to its valued customers,” said Major General Ali Farhan HI (M), DG SCO.

    “Ufone is a highly innovative company in the field of telecommunications in Pakistan and I am sure that the biggest beneficiaries of this alliance will be the citizens living in Pakistan, AJ&K and GB,” he added.

    “Our strategic alliance is a win-win situation for both partners and even more importantly, for the customers,” said Mr Rashid Khan, President and CEO PTCL & Ufone.

    “This alliance will make sure that resource sharing benefits both organizations and offers superior products and services to the public, improving their quality of life,” he further added.

  • PTCL offers 40 percent discount on all new connections

    PTCL offers 40 percent discount on all new connections

    ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) has offered 40 percent discount on installation charges on all new connections for a limited time period only, a statement said on Wednesday.

    All new connections include PTCL unlimited internet, digital quality TV & reliable telephone services that allow subscribers to get best experience.

    Customers can now enjoy high speed unlimited internet up to 20Mbps on copper and up to 100Mbps on fiber at affordable prices on different packages and services across Pakistan.

    Talking about the offer, Yasir Manzoor, General Manager Content and Multimedia, PTCL, said: “PTCL continues to offer best-in-class services to its valued customers.

    “We are constantly working to improve our products and services in line with the customers’ expectations.”

    Being a national company, the general manager said that every citizen should be able to experience a digital life style.

    “Therefore, PTCL is introducing such offers to cater to the ever increasing demand for unlimited data and high speed internet at affordable rates.”

    PTCL endeavors to serve customers across Pakistan with a wide and diverse range of products and services.

  • PTCL upgrades network services in seven cities

    PTCL upgrades network services in seven cities

    KARACHI: Pakistan Telecommunication Company Limited (PTCL) has transformed 13 more exchanges in 7 cities as part of its Network Transformation Project (NTP).

    The upgraded exchanges include Ghakhar, Vaniawala and Pasroor Road exchanges in Gujranwala, Shahdara, Egerton Road and Bahria Town exchanges in Lahore, Chaklala & Islamabad Town exchanges in Islamabad, Charsadda Road & Cantt. exchanges in Peshawar, Sargodha Road exchange in Faisalabad, Wah Cantt. exchange in Rawalpindi and Kharian exchange in Kharian.

    Through PTCL’s new network, customers can experience a faster and more reliable internet based on the company’s enhanced copper network, along with a new fiber network. The upgraded exchanges under NTP have already resulted in a 40% reduction of customer complaints.

    Jahanzeb Taj, Chief Business Operating Officer, PTCL, said, “Under NTP, PTCL has invested considerably in transforming and upgrading its top 100 exchanges, which have the highest number of customers in major cities.

    “As a result, customers can now experience a quality network that offers high speed unlimited internet, state-of-the-art technology, seamless surfing and unlimited data streaming, all of which is vital in today’s digitally connected world.”

    PTCL customers can view the upgraded exchanges through company’s official website and subscribe to 8, 15, 25, 50 and 100 mbps unlimited internet packages offered in transformed exchanges with free PTCL calls, unlimited downloads, free PTCL Smart TV & Smart TV App and free Wi-Fi router.

    The company is striving to provide better services and improved network quality to customers’ fora truly digital lifestyle.

  • PTCL, Zong 4G collaborate for network expansion in remote areas

    PTCL, Zong 4G collaborate for network expansion in remote areas

    KARACHI: Pakistan Telecommunication Company Limited (PTCL) and Zong 4G have entered into a strategic partnership for network expansion in remote and far-flung areas of the country.

    The collaboration will ensure provision of VSAT services by PTCL to further support and expand the network coverage across the country.

    The agreement was signed by Saad Muzaffar Waraich, Chief Technology & Information Officer, PTCL, and Li Wenyu, Chief Financial Officer, ZONG 4G, during the ceremony held at Zong 4G Headquarters in the presence of the senior management and officials of respective companies.

    The collaboration will ensure state-of-the-art VSAT satellite services to further enhance the network coverage and enabling customers from remote areas to enjoy increased speed through Zong 4G’s widest coverage.

    Being the most experienced in the domain of satellite communication, PTCL also has extensive ground support, operation and implementation infrastructure to serve a variety of satellite communication applications.

    The company will offer a complete spectrum of end-to-end connectivity to Zong 4G designated sites.

    Speaking on the occasion, Saad Muzaffar Waraich, Chief Technology & Information Officer, PTCL, said, “We are pleased to sign the agreement with ZONG 4G. PTCL has been serving as the communication backbone of the country since inception of Pakistan and this partnership will help them to expand their high-quality voice and data services to the underserved markets of Pakistan.

    “We are at the forefront of leading the digitization across Pakistan through such partnerships. PTCL continues to play its role in the development of telecom infrastructure, contributing to the overall economic growth of the country.”

    Commenting on the partnership, Mannan Shabbir, Executive Director, Corporate Affairs Division & Company Spokesperson, said, “Being the first and the only operator with more than 10,000 4G sites across the country, Zong 4Gis providing the widest 4G coverage to the largest 4G subscriber base in the Pakistan at an unprecedented scale.

    “Our partnership with PTCL is a testament to our customer-centric approach by providing our customers with the best possible services and solutions through our ever-expanding data network. Leading digitalization efforts across Pakistan, we continue to thrive, not only in the mainstream cities, but also in far-flung and remote areas of Pakistan providing reliable and seamless connectivity.”

    As the winner of ‘Best in 4G services’ award by the Consumers Association of Pakistan and with more than 11 Million 4G customers, Zong 4G is the leading 4G operator of the country.

    Through its continued investment in the network and infrastructure, the company is enabling its customers in every nook and corner of the country to experience world-class 4G services.

    The collaboration will further enhance the digital agenda of Zong 4G and PTCL in empowering millions to remain connected anywhere and everywhere.

  • PTCL quarterly revenue grows by 11 percent

    PTCL quarterly revenue grows by 11 percent

    ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced group’s revenue growth by 11 percent for first quarter ended March 2019.

    The financial results announced at the Board of Directors’ meeting held in Islamabad on April 17, 2019.

    PTCL Group’s revenue for the quarter has grown YoY by 11 percent to Rs.33.5 billion as a result of an accelerated growth in the Ufone and Ubank revenues.

    Ufone revenue has increased double digits YoY, UBank, a microfinance banking subsidiary of PTCL, has shown significant growth of 53 percent in its quarterly revenue over last year.

    PTCL Group’s operating profit and net profit for the quarter have improved by 34 percent and 95 percent respectively as a result of the revenue growth.

    PTCL revenue of Rs.17.9 billion for the quarter is slightly lower than last year.

    PTCL’s flagship Fixed Broadband services posted revenue growth of 5.8 percent over last year.

    PTCL continues its journey to upgrade top 100 exchanges under Network Transformation Project (NTP) in different parts of Pakistan.

    For the 76 exchanges fully transformed to date in 12 cities YoY revenue growth is even higher at 12 percent and there is 40 percent reduction in customer complaints.

    Corporate business continued its growth momentum from a strong 2018 and has achieved a double digit growth YoY. Growth drivers for corporate business are Cloud Infrastructure, IT, Security and Managed Services projects.

    Wireless revenue for the quarter has declined on year-on-year basis due to strong competition by the cellular companies providing wireless data services.

    There is continued decline in domestic and international voice revenues due to illegal/grey traffic termination, continued conversion of subscribers to OTT and cellular services resulting in declining voice traffic volumes.

    PTCL posted a Net Profit after Tax which is 10 percent higher than last year.

    Operating profit for the quarter remained under pressure compared to last year mainly due to increase in operating cost on account of significant hike in power tariffs.

    However, non-operating income has increased due to higher income on investments as a result of significant increase in benchmark interest rates by the State Bank of Pakistan.