Category Archives: Telecommunication
Islamabad, October 14, 2016 (PPI-OT):Pakistan Telecommunication Company Limited (PTCL) bounced back to record a tremendous profit growth of 42 percent by the end of third quarter of 2016 as compared to same duration last year. Financial results for the nine months ended September 30, 2016 were announced during a Board of Directors meeting held in Islamabad on October 13, 2016.
The improvement in financial numbers were mainly because of the profit the group made during third quarter where it succeeded to book the bottomline of Rs 876 million as against loss it made in the same quarter of last year which had stood at Rs 371 million.
The Group revenue stood at Rs. 88.8 billion and with effective cost optimization measures, the operating expenses of the Group were reduced by 3% resulting into a net profit of Rs. 3.9 billion. PTCL’s revenue for the period was Rs. 54.3 billion with growth in DSL broadband revenue. The Company’s operating expenses during the period were reduced by 6% resulting into the net profit of Rs. 7.6 billion.
Telecom analysts said that improvement in profitability of the Group was seen due to performance of its subsidiary, Ufone which sustained its earning in the highly competitive market. On the other hand, the balance sheet showed the effective cost saving of the operations on different accounts which translated into profitability of the Group.
For instance, group expenses for administration, selling and marketing stood at Rs 18.3 billion so far in 2016 as compared to Rs 19.8 billion recorded in the same period of last year. The finance cost greatly reduced to Rs 2.74 billion in three quarters of 2016 which stood at Rs 4.23 billion in the three quarters of 2015. The overall group performance reflected the change of strategy by the new management which assumed the office earlier in 2016.
The effective operational management and growth in earnings through services may bode well to the company’s financial health, however, for a sustained performance, as a company as well as a group, PTCL will have to innovate itself in terms of services and will have to introduce new revenue streams in the future.
For more information, contact:
Pakistan Telecommunication Company Limited (PTCL)
F-8 Exchange, Nazim-Ud-Din Road F-8/1,
Islamabad, October 03, 2016 (PPI-OT):Zong will add an additional 1,000 4G sites across Pakistan in remaining three months of 2016, said a press statement issued by the company moments ago. Zong said that it had a target of rolling out 5,000 4G sites by end 2016, however, the company achieved their 2016 4G rollout goals three months ahead of schedule, showing an outstanding execution of their 4G roll out site plan.
Now, due to early achievement of 2016 targets, China Mobile Communication Corporation — the parent group of CMPak — has agreed to induct more capital for another 1,000 4G sites during next three months. The addition of 1,000 4G sites will take the overall tally of Zong’s 4G sites to around 6,000 by the end of this year, making it the largest, widest and fastest in terms of 4G coverage.
To facilitate company’s ambitious expansion plans, Zong’s been given a go-ahead for additional investment. Through this, the total 4G investment of Zong in Pakistan is going to cross USD 300 Million by the end of this year. It is to be noted that Pakistan’s fastest growing 4G network recently expanded its 4G coverage to over 100 cities nationwide and was also designated by PTA as the No.1 operator in voice and data services.
This expansion plan is a strong indicator of Zong’s long-term commitment to the local telecommunication market. The rollout will greatly enhance Zong’s 4G coverage and quality of data user experience, reflecting organization’s aspiration to transform the digital lives of Pakistanis through its high speed data services.
Mr. Maham Dard, Director Corporate affairs and Official Spokesperson of the Company said: “The addition of 1,000 4G sites after meeting our 4G expansion target is a huge milestone for us. It testifies our commitment to provide a stable, affordable and reliable network to our customers. We will continue to invest in 4G technology and continue to improve our services to provide a faster, wider and deeper data quality experience to the users. We will continue to invest more and execute more to be able to provide the best quality network to our subscribers”.
“Zong envisions to enable a fully connected environment for Pakistanis for which we have invested over PKR 220 Billion so far. Digitization is a catalyst for economic growth and we will continue to enable it by leading the data services market of Pakistan.” he further added.
For more information, contact:
CMPak Complex, Plot # 47,
Kuri Road, National Park Road,
Chak Shahzad, Islamabad,
Lahore, August 30, 2016 (PPI-OT):Finally, Huawei has launched a new LTE version of its bestselling Huawei Y5 II smart phone in Pakistan. Apart from the high-speed LTE and superior quality display Huawei offers an extraordinary camera features in the new smart phone Huawei Y5 II (LTE). It has a combination of 8MP rear and 2MP front camera that enhances the experience of selfies and photography at its best. Huawei has also provided the camera with amazing specification that it performs outstanding even in low lights. Moreover, the autofocus and the F2.0 aperture of the rear camera give complete professional touch to photographs.
However, on the other hand 2MP front camera is perfect for selfies. Front camera is provided with LED flash light to enhance the quality of selfies that can furnish the social media accounts and make the snap chat real fun. Huawei Y5 II (LTE) also comes with an appealing easy key function that gives user a shorter path to favourite content. With a simple press, double-press, or press-and-hold user can launch the application or feature assigned to each gesture.
Huawei Y5 II (LTE) is a smart device with the high speed internet supporting features. The sales record for the previous version of Huawei Y5 II also predicts the overwhelming response to the LTE version of the smart phone. The new smart phone is available against the best price of only Rs. 15,499/- , along with an adding exciting offer of 3000 MB free Zong internet for 6 months.
Huawei Y5 II LTE is an incredible smart-phone that offers a crystal clear display quality and it has 5 inches large HD Display. A large display screen is required by the young generation who love to watch videos on internet and swap among their best captured snaps, while browsing high speed internet on Huawei Y5 II (LTE).
Huawei Y5 II (LTE) is fitted with high performing quad 1.0 GHz CPU, that enables smooth performance of the smart phone. Further, it has 1 GB RAM and 8 GB large volume of ROM. The storage is no doubt enough to store favourite playlists and videos. The all new Huawei Y5 II (LTE) is available in three classic colours i.e. black, white and golden. Huawei is offering the best of its products with a marvellous 6 months free Zong internet package of 3000MB volume. So hurry to the Huawei brand outlets to grab the all new Huawei Y5 II (LTE).
For more information, contact:
Sabah Uddin Qazi
ME Brand Manager
8th Floor, Saudi-Pak Tower, Blue Area, Islamabad Pakistan