PTCL penalized for utilizing extra radio frequency spectrum – Alfalah Securities Limited

Karachi: Pakistan Telecommunication Authority (PTA) has penalized the Pakistan Telecommunication Company Limited (PTCL) for the unauthorized utilization of extra radio frequency spectrum and requires a payment of PKR 82.496 mn within 30 days after the issuance of notice.

According to Alfalah Securities Limited, PTA had been receiving complaints from internet service providers (ISPs) about PTCL that they have been using extra bandwidth of 3.75MHZ in order to provide better services to its wireless local loop (WLL) consumers. The amount will not have a significant impact (~ PKR 0.015 per share) on the earnings, and Alfalah Securities Limited still maintains a buy stance on PTCL with TP of PKR 23.70.

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