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Tag: Ufone

  • TPL Trakker plans IPO to raise Rs1.4 billion for vehicle, container tracking business growth

    TPL Trakker plans IPO to raise Rs1.4 billion for vehicle, container tracking business growth

    KARACHI: TPL Trakker is planning for an Initial Public Offering (IPO) to raise Rs1.4 billion in order to grow vehicle and container tracking business, analysts said on Tuesday.

    TPLCorp Limited (TPL) held a Corporate Briefing on November 18, 2019 to discuss the financial results of FY19 and future outlook of the company, said analysts at Arifh Habib Limited.

    In order to further grow in the vehicle and container tracking business, IoT Business as well as expand into markets abroad, TPL Trakker will file for an IPO, aiming to raise PKR 1.4 billion.

    Moreover, the company is in talks with two foreign strategic investment partners for equity injection.

    TPL Group includes TPL Trakker Limited, TPL Insurance, TPL Properties, TPL Life, TPL Maps, TPL Security Services Private and TPL Rupiya.

    Despite decline in sale of vehicles, TPL Trakker business reported revenue growth of 7 percent YoY led by Container Tracking and new IoT Business.

    During the year, the company launched four IoT businesses (video telematics, fuel management solution, water management solution and smart warehousing and inventory management) and usage based insurance.

    Moreover, the company is also venturing into software-as-a service platforms, such as Pay-How-You-Drive Insurance and Predicative Maintenance.

    Though, investment in new business initiatives and higher interest rates led to decline in Bottom-line of the business by 63 percent YoY in FY19, the analysts said.

    TPL Maps and TPL Rupiya are now merged with TPL Trakker Limited since these companies will benefit from TPL Trakker’s large customer base along with TPL Trakker benefiting from technical expertise of TPL Maps.

    TPL Maps during the year has developed four new solutions; i) goconnect (location based advertising service), ii) LEAP (solution with respect to demographics, based on location), iii) TPL Maps Service (serving clients such as Bykea, Ufone, Telenor, Cheetay and Eat Mubarak) and DART (solution related to workforce and supply chain monitoring, currently serving KFC and Dominos).

    Furthermore, TPL Maps Solution will be making its way in Middle East market in 2020, partnering with HERE Technologies.

    In order to further grow in the vehicle and container tracking business, IoT Business as well as expand into markets abroad, TPL Trakker will file for an IPO, aiming to raise PKR 1.4bn.

    Moreover, the company is in talks with two foreign strategic investment partners for equity injection.

    TPL Insurance has entered into the company’s first livestock insurance covering 2000 cattle’s in Thar District.

    Furthermore, Afghan Transit Trade Guarantee was also initiated in July 2019. Other than this, TPL has also entered into partnerships with nine companies in Pakistan.

    The company has also launched a mobile app which can instantly start insurance plans without many formalities and documentations.

    In the TPL Properties Business, the revenue has climbed up by 8 percent YoY in FY19, on account of growth in rental income.

    Furthermore, the company has ventured into providing real estate development services to corporates.

    However, due to cessation of commercialization in Karachi land acquisition of Project Alpha has been delayed.

    Whereas, for Project Beta a new real estate commercial land is being acquired, which will be used for mixed purposes such as Hotels and offices.

    Furthermore, One Hoshang Project, which will be a residential apartment tower and showroom, is slated to be completed in 2023.

    Moreover, the company is underway to enter into REIT management business. With this, Centre point building will be included in REIT Scheme. Along with this the company also plans to setup Logistics Park.

    In TPL Life Business, the topline has seen 31% YoY in FY19, amid time based life insurance via mobile. The company offers usage based life insurance for individuals through mobile app.

    Also TPL Sahulat, health solution via mobile app, is also successful. The app offers doctors at home, delivery of medicines at home, lab tests at home and settlement of claims. Furthermore, in order to target low income earners the company offers Life Insurance through scratch cards, available at as low as Rs375. For the purpose of growth, the company seeks funding of PKR 400-500 million.

    The company is currently working on developing a social and corporate messaging platform (Tello Talk) which will enable the users to transfer payments and manage transactions with businesses.

    Furthermore, its rider service app will provide a delivery platform to e-tailers (online retailers).

    Overall, consolidated profit after tax of TPL Corp plummeted by 74 percent YoY, settling at Rs172 million in FY19 against PKR 670 million in the FY18.

    This massive decline is attributable to Pak Rupee devaluation against USD, and interest rate hikes.

  • Ufone, Habib Bank sign agreement for trade financing in Chinese currency

    Ufone, Habib Bank sign agreement for trade financing in Chinese currency

    KARACHI: Pak Telecom Mobile Limited – Ufone and Habib Bank Limited (HBL) have signed a landmark agreement, through which HBL has extended a bilateral Trade Finance in Chinese Yuan (RMB/CNY) for the import of cellular network equipment through Huawei Technologies Co Ltd, a statement said on Friday.

    The Landmark agreement is part of one of the largest RMB/CNY contracts in the history of Pakistan between Ufone and Huawei Technologies Co Ltd., and it would furthermore be a breakthrough in the banking industry of the country.

    The trade deal under this new mode of transaction will set a precedent for different sectors and corporations in both friendly countries—China and Pakistan—which plan to take their working relationship to the next level through this currency swap agreement.

    This transaction would also ease off the pressure of import bills in terms of dollars for Pakistan.

    The business deal being carried out by Ufone, Huawei and HBL will be the first of its kind in the telecom sector, and will also pave the way for various other mobile operators and traders in Pakistan to expand their businesses through this mode of trade finance facility.

    The agreement was signed by Mohammad Nadeem Khan, Chief Financial Officer PTCL & Ufone and Farhan Talib, Head Corporate and Investment Banking, HBL.

    The ceremony was witnessed by Rashid Khan, President and CEO PTCL & Ufone, Muhammad Aurangzeb, President & CEO HBL, Chi Linchun, CEO Huawei Pakistan and Yang Yougui, Regional President Huawei Middle East.

  • 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.

  • Ufone celebrates week-long 72 years of Pakistan’s independence

    Ufone celebrates week-long 72 years of Pakistan’s independence

    ISLAMABAD: Ufone concluded its week-long Azaadi celebration on account of Pakistan’s 72 years of Independence with full patriotic fervor.

    The entire organization participated with immense passion and reflected their love for Pakistan. Activities for Azaadi Week carried on for the entire week.

    The company portrayed true patriotism through a series of activities aligned nationwide across Ufone offices ensuring that the spirit of Independence was felt throughout.

    Each activity allowed employees to connect with the rich culture and heritage of the country, enabling them to demonstrate their affection for their beloved homeland.

    In addition, to celebrate the 72nd Independence of Pakistan honoring the spirit of freedom, Ufone set free 72 pigeons into the free sky of Islamabad.

    On this occasion, President and CEO of Ufone, Rashid Khan along with Executive Management Team hoisted the national flag, employees sang the national anthem and vouched to serve their countries to the best of their abilities.

    The telecom operator has always taken great pride in the heritage and traditions of Pakistan; the brand has focused on appreciating the individuality and strength of every Pakistani.

    Through its various campaigns, Ufone has always identified unique and strong Pakistanis who have made a mark for themselves along with making their country proud.

  • Ufone wins silver trophy at Effie Awards

    Ufone wins silver trophy at Effie Awards

    KARACHI: Ufone has been awarded with a prestigious silver trophy at the Effie Pakistan Awards 2019, in the category of ‘Sustained Success’ for its Super Card Communication Campaigns.

    The awards, held around the world annually, celebrate companies with outstanding marketing communications ideas.

    Winning an Effie symbolizes a great sense of achievement for marketers, and Ufone is proud to have won for their Super Card campaigns, a statement said on Saturday.

    The sustained success category, unlike business category specific awards, is a special category in which products or services which have sustained success for three or more years are awarded for their continued success and overall excellence in business results and brand KPI success.

    Ufone won the award for its Super Card Communication. Over three years, Ufone Super Card, through it insightful communication has enabled the company to build trust with customers and become the benchmark for all in one bundle cards in the industry, and now owns the convenience positioning in consumers minds.

    Ufone Super Card campaigns were built around the concept of “befikri” or the peace of mind that it provided customers.

    The Ufone marketing team and JWT, together searched for real life stories, and insights from all across Pakistan, in order make the award winning campaigns over a three year period.

    The campaigns showed how our real customers used Super Card to achieve their full potential.

    The Effie Awards recognize forms of marketing communication that contribute to a brand’s success.

    Any idea driven by any marketing communications medium is eligible for an Effie, as long as results are proven.

    The not-for-profit initiative between Pakistan Advertisers Society and Effie Worldwide spotlights marketing ideas that work and encourage thoughtful dialogue about the drivers of marketing effectiveness.

    Winners demonstrate excellence in four key areas: definition of objectives, strategic development, creative execution, and measurement of results.

  • Ufone celebrates 18th anniversary

    Ufone celebrates 18th anniversary

    ISLAMABAD – Ufone, a leading Pakistani telecom company, celebrated its 18th anniversary with enthusiasm at the Ufone Tower in Islamabad and various offices nationwide.

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