May 07

PTCL Signs MOU with Bahria Town for deployment of telecommunications services

PTCL signs MoU with Bahria Town for deployment of telecommunications services:

Pakistan Telecommunication Company Limited (PTCL) and Bahria Town have today signed MoU agreement, through which PTCL will deploy Information Communication Technology (ICT) services and infrastructure in Bahria Enclave, Islamabad.

The agreement shall enable residents of Bahria Enclave to experience superior telecom services of PTCL including voice telephony, broadband internet and SmartTV as well as Pakistan’s fastest and most reliable EVO wireless broadband internet services.

The agreement was signed by Tariq Salman, Chief Technical Officer PTCL and Maj Gen.(R) Shaukat Sultan, Executive Director Bahria Town in the presence of Walid Irshaid, President and CEO PTCL and Malik Riaz Hussain, Ex-Chairman Bahria Town. Dr. Riaz Inayat, PTCL Executive Vice President (EVP) Network Development; Cdr. (R) M. Ilyas along with other senior officials from PTCL and Bahria Town were also present at the occasion.

Tariq Salman, Chief Technical Officer PTCL while speaking at the signing ceremony said, “We are pleased to partner with Bahria Town and look forward to a cooperative and mutually beneficial relationship. Over the years, PTCL has made concerted efforts to deploy world-class telecom infrastructure for the development of the country and its economy”.

“Our goal is to enable our society to get the most benefit out of our advanced ICT solutions and provide our customers with value-centric services”, he added further.

Maj Gen. (R) Shaukat Sultan, Executive Director Bahria Town said at the occasion, “It’s a matter of great pride for Bahria Town to partner with PTCL, country’s largest and leading telecommunication services provider. We understand the needs for improvement in the ICT sector, and for this reason out of the six fiber optic networks that PTCL has deployed, this would be the second one for Bahria town residents. We plan to move forward with the same spirit for future projects as well”.

PTCL-Signs-MOU-with-Bahria-Town-for-deployment

PTCL would be using GPON (Fiber to the home) technology, considered as the strongest candidate for widespread deployments. Bahria Town would provide the space for PTCL Exchange building, EVO BTS Tower and indoor spacing for staff along with the provision of space for PTCL Customer Support Center. Moreover, un-interrupted power supply will also be ensured to these facilities.

This is the sixth PTCL deployment of such high-speed network in Pakistan. Previously, the company has connected Cantonment Exchange Karachi, Gulberg Exchange Lahore, F-11 Exchange Islamabad, Centaurus and Bahria Town Golf City Exchange with its latest fiber optic network.

Aug 28

From Prepaid to postpaid: PTCL regains limelight at KSE

Karachi: PTCL is one stock which has out performed KSE 100 index by 12% so far in 3 trading sessions following the news flow that government is planning to cancel all pre-paid SIMs which may rejuvenate PTCL landline revenues and resurfaced rumors regarding establishment of ICH (International Clearing House) which will increase ASR (Approved Settlement Rates) effecting positively on its revenues.PTCL

With US$4bn worth telecom industry under threat of loosing its prepaid cellular customers, there is increased anticipation amongst investors that PTCL will stand as the major gainer.

They believe that the move will rejuvenate PTCL’s ailing fixed line business as gov’t tries to discourage prepaid SIMs. However, it is not anticipated any major change in PTCL’s revenue even if government tends to cancel all undocumented pre-paid SIMs.

However, the government authorities has indicated that there is no such plan under consideration to block prepaid SIMs, while we also believed the proposed steps seems impractical on account of its determinant effort on future dynamics of the sector and could constrain the fiscal space to the gov’t.

Therefore, though the gov’t is likely to take measures to increase documentations of cellular consumer base, it is highly unlikely that all or significant percentage of prepaid SIMs will be blocked.

The area of interest for the investors is the resurfaced rumors regarding formation of ICH that created excitement in the scrip few months back also. Though, investors still await material development on this front, formation of ICH could substantially augment PTCL profitability.