Pakistan Telecom and IT updates

[ghazi52]

PTCL signs contracts with Huawei


The Frontier Post

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL), has signed strategic contracts with Huawei Technologies Pakistan for the transformation of its IP Edge and Optical Transport Network (OTN).

Nadeem Khan, Acting CEO & Group CFO, PTCL & Ufone and Mark Meng, CEO, Huawei Technologies Pakistan, signed the contract during a ceremony held at PTCL HQ, Islamabad. Jafar Khalid, GCTIO (Development), PTCL & Ufone, Ahmed Bilal Masud, Deputy CEO, Huawei Technologies Pakistan, also attended the ceremony, along with senior management from both organizations.

Aimed to meet the exponential growth in traffic, this transformation involves modernization of existing inter-city and long-haul network, with a state-of-the-art OTN network. Combined with the existing Optical Transport Network backbone, PTCL long-haul capacity will become Multiple Terabits per seconds, capable of delivering better services across the country.
Furthermore, PTCL, in-line with its vision to revolutionize widespread availability of IP connectivity in Pakistan, will deploy a Unified IP Edge network, spreading across more than 130 sites, for providing next generation IP services. This upgradation, along with PTCL’s recently modernized Multi-Service Core & Internet Gateway network, will enable provisioning of high-speed & reliable ICT services across Corporate, Carrier & Consumers segments, supporting future customer-end demands of 100-400 Gigabit per second scalability.

Speaking on the occasion, Nadeem Khan, Acting CEO & Group CFO, PTCL & Ufone, said, “PTCL continues to transform its network with scalable architecture and futuristic technologies, to meet growing bandwidth demand from our subscribers, corporate and carrier customers. We are glad to partner with Huawei on this strategic initiative, that will go a long way in enabling the widespread availability of quality ICT Services across Pakistan.”

On the occasion, Mark Meng, CEO, Huawei Technologies Pakistan, said, “We greatly value our long-term relationship with PTCL Group, and continue to support its vision for technological evolution. PTCL is playing a leading role in enhancing customer experience through innovation, and definitely this network transformation will empower and exceed customer expectations in times to come.”

Being the national flagship carrier, PTCL is fully committed to the vision of a Digital Pakistan, by further strengthening its commitment for continual network infrastructure evolution and resolve for consistent improvement of our valued customer experience.

 

[touela]

-Does anybody know how many data centres there are in Pakistan?
- Are Pakistan working on more powerful super computers?
- Are there any IT subjects in universities paid and promoted by larger companies, like Microsoft, Google, Oracle etc?

 

[ghazi52]

Data centers in Pakistan

Pakistan Data Centers - Data Center Catalog

List of all Data Centers located in Pakistan. Find any certified, power consumption, cooling redundancy, services and features for data centers in Pakistan.

datacentercatalog.com

 

[ghazi52]

Govt to Establish Data Center for Cloud-based Services in AJK & GB

The federal government has decided to establish a data center for cloud-based services in Azad Jammu and #Kashmir, and #GilgitBaltistan.

Sources told that the government allocated Rs. 100 million additional funds for the establishment of a data center for cloud-based services in AJK and GB.

Similarly, the government has also approved Rs. 415 million funds for the expansion of services in AJK and GB under the phase two program.

Meanwhile, an amount of Rs. 83.906 million has also been approved for the expansion of broadband services through MSAN technology and up-gradation of IP core and access network in AJK and GB.

In addition, the government has also approved Rs. 100 million amount for the expansion of broadband services in cities/towns of AJK and GB and Rs. 120 million for up-gradation of the Transmission network and the replacement of optical fiber cable in AJK and GB.

 

[ghazi52]

Samsung plans to build local assembly plant in Pakistan

South Korean tech giant Samsung has been in talks with three investors for setting up a mobile manufacturing unit in Pakistan.

Sources said out of three parties, one has a franchise from Korea which has already set up vehicle assembling plants in Pakistan under Auto Development Policy (ADP) 2016-21, while other two are different parties.

They said so far no agreement has been signed as Samsung, after short listing various companies, is in the process of finalising its plan to award the licence to one of the companies for cellphone manufacturing.
The world’s biggest smartphone maker said in an earnings estimate on Wednesday that it expected operating profit of around 12.5 trillion won ($11 billion) for April to June, up from 8.15 trillion won a year earlier.

“The Korean company aims to start local assembly of cellphones in the last quarter of this year,” a source, who is looking after the development in the mobile phone sector, told.

As per EDB list, factories’ locations include Rawalpindi, Karachi, Lahore, Faisalabad and Islamabad. Some prominent brand names include Nokia, Oppo, Infinix, Tecno, Itel, Vivo, Alpha, Realme, VGOTEL, DCODE, Calme, Xcell, Spice, TCL, Alcatel, etc.

 

[ghazi52]

Lucky Motors to make Samsung Smartphones in Pakistan

Lucky Motor Corporation has signed an agreement with Samsung Gulf Electronics to produce Samsung brand’s digital devices in Pakistan.

In a notice dispatched to Pakistan Stock Exchange today, Lucky Motor Corporation said, “In pursuance of this transaction, LMC has also initiated the process of seeking necessary regulatory approvals to carry on the said business and, in this endeavor, has filed an application with the Pakistan Telecommunication Authority (PTA) for securing the license,” added the notice. Lucky Motor Corporation is a subsidiary of Lucky Cement.

The LMC further stated the production facility for manufacturing Samsung mobile devices will be located at LMC’s existing plant at Bin Qasim Industrial Park, Special Economic Zone, Port Qasim, Karachi.

“The LMC production facility is expected to be completed by Dec 2021. LMC is currently engaged in the business of manufacturing, assembly, marketing, distribution and sales of Kia and Peugeot branded vehicles, parts and accessories thereof, in Pakistan.

So far, 21 new companies have been authorised to start local manufacturing/assembly of mobile phones in Pakistan.

 

[ghazi52]

PTCL continues growth momentum, increase of 8% in revenue & 38% in profit


The Frontier Post

ISLAMABAD: Country’s leading telecom and ICT services provider, Pakistan Telecommunication Company Limited (PTCL), has announced its financial results for the first half ended June 30, 2021 at its Board of Directors’ meeting held in Islamabad on July 14, 2021. The company posted a significant 8 percent growth in its revenues, the highest since 2014, owing to its robust performance.

PTCL successfully sustained the momentum of growth from its last quarter’s turnaround that had cemented its market standing as the largest fixed line telecom player in the country. The significant growth in revenues is mainly driven by strong performance in consumer segment led by Fixed Broadband services. During the past quarter, PTCL strongly focused on enhancing customer experience through provision of high quality and fast internet under its flagship ‘Flash Fiber’ Fiber-To-The-Home (FTTH) project.
The company is upgrading its existing infrastructure, besides expanding FTTH to newer markets to usher in seamless connectivity for greater customer enablement and experience. FTTH’s speedy deployment and strong performance in Corporate and Wholesale segments are the cornerstone in PTCL’s enhanced topline growth, which along with focus on cost control program, has significantly increased the company’s profitability.


PTCL highlights

PTCL’s revenue of Rs 38 Billion for the half year is 8% higher than same period last year, mainly driven by Broadband and Corporate & Wholesale business segments.

The company has posted operating profit of Rs 2.8 Billion which is higher by 96% compared to the same period of last year.

Net Profit of Rs 3.7 Billion has significantly increased by 38% from last year.


PTCL group highlights

PTCL Group posted revenue of Rs 68 Billion in first half of 2021 that is 8% higher as compared to the same period of last year.

U Bank continued its growth momentum and has achieved 17% growth in revenue. PTML (Ufone) posted revenue growth of 5%.

PTCL Group delivered strong financial and operational performance and posted a net profit of Rs 2.9 Billion as compared to Rs 33 Million for the same period of last year.


PTCL consumer business: Consistency in growth & performance

PTCL Consumer Business showed consistent performance as it reported 4th straight quarter of growth. The company’s Fixed Broadband customers crossed 1.5 Million mark, with 44,486 net additions recorded during the period. Due to COVID-19, Voice business was impacted, however, all remaining business segments reported double-digit growth in revenue.

During the first half of 2021, PTCL Fixed Broadband business grew by 13.5% YoY, whereas PTCL IPTV Segment also grew by 14.1%. The groundbreaking PTCL Flash Fiber FTTH service showed a tremendous growth of 52.5%, while PTCL Charji /Wireless Broadband Segment grew by 18.4%.

Business services: Continued positive growth momentum

Corporate and Wholesale businesses continued its growth momentum sustaining market leadership in IP Bandwidth, Cloud, Data Center and other ICT services segments. The overall YoY growth has been recorded at 8%.

PTCL’s Corporate business grew by 14% as compared to the same period last year, while Carrier and Wholesale business continued its growth momentum and achieved 12% overall revenue growth.
International voice revenue has declined by 5% due to lower voice traffic and appreciation of PKR against USD.

PTCL continues to develop strategic partnerships with leading corporate entities to offer Software-as-a-Service (SaaS) in the banking, education, Cloud and cyber-security verticals. Furthermore, PTCL, in line with its vision to revolutionize widespread availability of IP connectivity in Pakistan, has signed contract for deployment of Unified IP Edge network for providing next generation IP services.

Additionally, 5G technology was successfully tested in a limited environment in Khyber Pakhtunkhwa by PTCL Group in collaboration with Khyber Pakhtunkhwa Information Technology Board (KPITB), under the umbrella of Department of Science and Information Technology, Khyber Pakhtunkhwa. Ufone’s license for providing services in Azad Jammu & Kashmir and Gilgit Baltistan was also renewed for the next 15 years by PTA in June 2021.

Being the backbone of Pakistan’s connectivity, PTCL Group remains at the center stage to accelerate and support the ‘Digital Pakistan’ vision through robust telecommunication infrastructure and enhanced customer experience.

 

[ghazi52]

Samsung – Lucky’s draw

BR Research
19 Jul 2021

Samsung was in talks for its smartphone contract manufacturing with Tecno, Airlink, Nishat, Arif Habib and Ibrahim Fibers but Lucky came out the victor. After partnering with Kia for car assembling in the country, another Korean company Samsung got Lucky (in partnership) to assemble smart phones in Pakistan. The capital investment of the project is $12-15 million which is not even 10 percent of what Lucky invested in automobiles ($150-200 mn). But it is a number’s game, and if played right, Pakistan can well become a cellphone exporter.

The smartphone policy under which this investment has come to fruition was prepared by Engineering Development Board (EDB) and approved by the federal cabinet last year – for details read “ Smartphone – smart policy”. The policy is certainly yielding results. There are over a dozen factories ready to assemble phones. Some of these are fully or partially operational. With higher regulatory duty (in addition to policy incentive last year) on completely built units (CBUs) in FY22 Budget, the shift from imported CBUs to semi-knock down (SKD) is accelerating.

Apart from Apple (and small-time players of high-end phones like OnePlus), all the brands selling phones in Pakistan will assemble in Pakistan. The game changer could be in three years when completely knock-down (CKD) would come in play and localization would be enhanced in Pakistan. If that happens, Pakistan can potentially export phones by importing CKD and exporting CBUs after adding value at home.

In FY21, according to industry data, Pakistan imported $1,849 million worth of 16.4 million smartphones. Average price of the phone at imported stage comes at $113. Around 80 percent of that market may shift to local assembling. After the smart phone policy in 2020, many players came in and started setting up factories here. Many are installed. Most are manufacturing at the pilot stage. The government has incentivized manufacturers to accelerate the process by further increasing the delta between the cost of CBU and CKD/SKD in this budget.

In FY21, the highest market share was for VIVO that imported 3.9 million phones (24% of market share) of $393 million (21% market share) – average price at $101. That was followed by Infinix – imported 3.8 million phones (23% share) worth $324 million (18% share) at an average price of $85. In terms of value, third biggest player was Samsung – imported 1.6 million units (10% share) of value $281 million (15% share). The average price of Samsung is $176 – and the company has a variety of phones in all price ranges. Then there are a few other brands like Apple (10% share in value but not even 1 percent in volume), Oppo (11% value share), Tecno (9% value share), Xiaomi (7% value share) and a few others.

The current cell phone market in Pakistan is around 1.5 million phones a month. Majority of these are imported as CBUs. Some are already assembled in Pakistan. Oldest player in smart phone is Transsion Tecno. The company has history of automobile parts manufacturing, and it is the first mover in smartphones. The company is making around 300 k units a month and soon may cross 400k units. In an interview to BR in March 2020, its CEO said that mobile phone exports from Pakistan can cross textile. Hammad Azhar shared similar sentiments when the policy was conceived at the time. Others like CEO Lucky Group, and EDB Chairman have shared the same optimism.

Mobile phone assembly is not capital intensive. Enhancing assembling lines is not an issue. The initial investment is low. It is a labor-intensive industry, and the key is operational control and following of SOPs. Working capital requirement is high and here Lucky group would have an advantage over others being a big business. For Samsung, working capital requirement could be around $25-35 million for Lucky.

Since installing the factory is not capital intensive, many players already have the capacity to produce more than their market share. Transsion Tecno was the first one in Karachi. Airlink – biggest phone importer in Pakistan has its facility in Lahore which is currently manufacturing around 70K units a month. Then VIVO has its factory in FIEDMC. Oppo/Realme and Inovi have also installed their manufacturing facilities too.

The market is up for grabs. Within a few quarters, mobile phone imports will largely shift to local assembling. These factories may on average be employing 600 workers – mostly young boys and girls. Lucky’s plan is to start manufacturing Samsung by Dec 2021. In early days, it may start from cheaper phones (A and M series) and may move up the ladder with time to make relatively high-end Samsung phones.

The question is how quickly these companies can localize. The policy envisages a move from SKD to CKD in three years (by assembling motherboards in Pakistan). In between, there will be localization of packaging, chargers, handsfree, plastic parts and battery. Once that happens, the value addition could be as high as 45-50 percent and barring imports of raw material (for parts manufacturing), the value addition could reach 25-30 percent.

Once that bridge is crossed, the export market will open. China’s exports of smartphones is around $125-130 billion a year – half the world share. But the labour cost of China is increasing and many of these phones being assembled in the country will move towards other countries. It cannot be Vietnam either as the labour cost is increasing in all Far-Eastern economies. Mobile phone companies have the option to shift to countries like Pakistan, India, and Bangladesh.

There is a good share that Pakistan can get. In this budget, export rebate incentive has increased from 3 percent to 6 percent. Some players say it is not enough and demand more. Interestingly, when Samsung was negotiating with the government and its potential partner, the company was arguing that localization timeline in the policy was too stiff and needed to be relaxed. But authorities argued that it is a small investment ($15 mn) and did not justify a change in policy. Authorities argued that it was better to bring technology and localize, and when companies reach a point where they could generate exports, the government could show generosity.

 

[ghazi52]

Chinese firm to launch 5G phones in Pakistan

Realme plans to establish assembly line and digital outlet


Shahram Haq
July 21, 2021


The companies are making efforts to introduce 5G phones in the local market.

Chinese smartphone manufacturer Realme has shared plans to launch 5G-enabled phones in Pakistan at affordable prices after its parent announced the establishment of a local assembly line in the country.

Speaking to The Express Tribune, Realme Regional Marketing Director Sherry Dong said that the brand received an excellent reception in Pakistan, hence the company was now prioritising the country to introduce 5G mobile phones.

She added that the company was the first smartphone brand in Pakistan to sell over a million devices in less than a year, which was a significant milestone and paved the way for new investments and introduction of diverse products.

She announced that the company was planning to set up a local assembly line for its products after which top-notch technology would be available in Pakistan at affordable prices.

A few years ago, Realme’s parent company, Oppo Mobile Telecommunications Ltd, had expressed its interest in setting up a mobile assembly plant in Pakistan.

Giving further details, she said that the facility would have two separate assembly lines - one for each brand.

With a dedicated assembly line for Realme, the company will introduce 5G-enabled mobiles as well as other artificial intelligence (AI) products at affordable rates.

“5G is the future, therefore, we have to provide up-to-date technological products to Pakistani consumers at affordable prices,” she added.

The company utilises online marketplaces to promote its products because e-commerce has grown significantly in Pakistan due to the Covid-19 pandemic.

Keeping this in view, the management of the smartphone company has decided to introduce its own digital store in Pakistan’s online marketplace.

“We entered into partnerships with a couple of local companies to sell our products, but now we have decided to establish our own digital outlet in Pakistan,” she said.

Sherry added that digital platforms in Pakistan had matured over the past couple of years, but they still lagged behind regional countries.

She pointed out that the company faced some issues with Pakistan Customs as delay in release of shipments had caused shortage of its products.

Published in The Express Tribune, July 21st, 2021.

 

[ghazi52]

IT export crossing the $2 billion, It's export mark for the first time in our history.
During FY 2021, IT export grew by 47.4% to USD 2.12 billion as compared to USD 1.44 billion in FY 2020.

 

[ghazi52]

Pakistan’s #exports of Information and Communication Technology (ICT) services have broken the $2 billion barrier, as per latest data released by the State Bank of Pakistan for the year ended June 30, 2021. This development has stirred optimism about potential of digital services in raising Pakistan’s export profile.
To be exact, the ICT exports tally came in at $2.12 billion during FY21, achieving significant growth of 47% year-on-year, or $683 million more compared to FY20. As a result, ICT exports’ share in overall goods and services exports increased from 5% in FY20 to 7% in FY21.
Within the $2.12 billion export pie during FY21, based on SBP data, one can see that the ‘computer services’ led with a market share of 79%, followed by 21% stake for ‘telecommunication services’, and a negligible 0.2% slice for ‘information services’.

 

[ghazi52]

PTA begins additional spectrum sale process

Kalbe Ali
August 7, 2021

The new spectrum will be applicable for enhancing telephony and broadband services in Pakistan only. — AFP


ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has started the process for the sale of additional spectrum to mobile phone companies — an exercise expected to bring the government around $1 billion from the auction.

The new spectrum will be applicable for enhancing telephony and broadband services in Pakistan only as these frequencies will be applicable for the Azad Jammu & Kashmir (AJK) and Gilgit-Baltistan (GB).

The PTA has issued the Information Memorandum (IM) to all the four mobile operators in country, offering each megahertz (MHz) in the 1,800 MHz band at $31 million and one mega hertz in 2,100 MHz band at $29m.

The PTA is offering 12.8 MHz spectrum in the 1,800 MHz band and 15 MHz in 2,100 MHz band.

At the current base price the government is likely to get a minimum of $832m from the total sale of 27.8 MHz, if there is no competition among the four mobile operators.

Talking to Dawn, a senior executive of a mobile company said the government was offering three blocks of five megahertz each for the 2,100 MHz band, but there were four mobile operators.

Auction is expected to fetch $1bn

“Besides the operators would want to have two blocks due to long-term preparations for the launch of 5G in Pakistan but the offer was less than the demand and a large chunk of finances would be invested in obtaining the spectrum only,” the executive added.

The IM issued by the PTA has given the timelines for the Spectrum Auction, with all the interested parties having to submit their proposals to the authority within 21 days (starting from August 5).

This will be followed by negotiations and discussions for one week between the applicants (mobile operators) and the authorities which include the PTA, consultant and other authorised officials.

The mobile operators will have to submit sealed bids within 35 days (mid-September). The whole process is expected to be completed in three months.

The IM has also introduced an upper cap for the 1,800 MHz band on the mobile companies to restrict abuse of dominant position or giving advantage to any company with stronger financial position.

The limits on obtaining the spectrum of 1,800 MHz band has been set after taking into account each mobile company’s existing spectrum.

The PTA has highlighted that Jazz will be able to bid on up to 5.2 MHz spectrum only as the company was currently using 24.8 MHz spectrum in the 1,800 MHz band while Zong will be able to bid on up to 7.4 MHz as it was currently using 22.6 MHz spectrum. Telenor and Ufone are not constrained by this spectrum cap as each of them currently holds less than 10 MHz.

While, excluding AJK and the GB, Jazz was at the top in cellular market of Pakistan with 38 per cent share, followed by Telenor with 27pc of the market, Zong 22pc and Ufone 13pc. The duration of the license will be 15 years.

The government has also offered new investors to participate in the auction process in a bid to invite potential “New Entrant” in the cellular mobile market of the country.

Meanwhile, to enhance the connectivity and optimise the existing telecom infrastructure as well as discourage abuse of dominant position in the market by any mobile operator, the PTA has advised the mobile companies to share their existing and future infrastructure with other operators if requested by the other operator.

The PTA highlighted that infrastructure to be shared will be the mobile towers etc and mobile companies can enter into commercial arrangements with each other for active sharing, after getting formal approval framework the PTA. Meanwhile, a separate policy and offer is expected for the AJK and GB in near future by the PTA.

Published in Dawn, August 7th, 2021

 

[ghazi52]

PTA issues MDM approval to Lucky Motor Corp for Samsung phones

Ali Ahmed
11 Aug 2021

The Pakistan Telecommunication Authority (PTA) has issued Mobile Device Manufacturing (MDM) authorisation to Lucky Motor Corporation Limited to manufacture Samsung-branded phones in the country.

The authorisation has been given under the MDM Regulations 2021, a press release issued by the PTA stated.

“The company had applied for authorisation to set up a mobile device manufacturing plant in Karachi, Pakistan where it will manufacture Samsung brand mobile devices,” added the PTA.

The authority said this is a landmark achievement and “will further revolutionise the vibrant mobile manufacturing ecosystem in the country by ensuring presence of major local and foreign players in the market".

The PTA has so far issued MDM authorisations to 25 foreign and local companies for the production of mobile devices (2G/3G/4G) locally. "Mobile devices manufactured by these companies shall not only be sold in the country but will also be exported to other competitive markets of the region and beyond," the PTA added.

Last month, Lucky Motor Corporation (LMC), a subsidiary of Lucky Cement Limited, announced in a notice to the Pakistan Stock Exchange that it has entered into an agreement with Samsung Gulf Electronics Co., FZE (Samsung) for the production of Samsung-branded mobile devices in Pakistan.

The notice added the production facility for producing Samsung mobile devices will be located at LMC’s existing plant facility producing vehicles at Bin Qasim Industrial Park, Special Economic Zone, Port Qasim, Karachi.

The production facility is expected to be completed by end of December 2021.

Market talk suggests the prices of Samsung-branded mobile phones are expected to come down in the range of 15-20% after the manufacturing plant starts distributing locally-made devices.

 

[ghazi52]

Spectrum Auction In AJ&K and GB

Pakistan Telecommunication Authority (PTA) has invited application from cellular mobile operators for 16 MHz paired spectrum in the 1800 MHz band and 30 MHz paired in the 2100 MHz band for technology neutral Next Generation Mobile Services (NGMS) in Azad Jammu & Kashmir (AJ&K) and Gilgit Baltistan (GB).

PTA has issued the Information Memorandum (IM) according to which the auction is scheduled to be held on October 13, 2021, however, according to sources, the operators may require more time for consultation. However, the auction may be held latest by October 20, 2021.,

Overview of the Spectrum

The Spectrum Auction of NGMS in AJ&K and GB is for use of spectrum from the internationally harmonized 1800 MHz and 2100 MHz bands within AJ&K and GB. The spectrum included in the Spectrum Auction of NGMS in AJ&K and GB comprises: (a) 2 x 16 MHz in the 1800 MHz band; and (b) 2 x 30 MHz (1930-1950 MHz / 2120–2140 MHz and 1960-1970 MHz / 2150-2160 MHz) in the 2100 MHz band.

The 2×16 MHz of spectrum will be packaged as two blocks of 2×5 MHz and five blocks of 2×1.2MHz. The 2×30 MHz in the 2100 MHz band will be packaged as six specific blocks of 2×5 MHz: (a) 2×5 MHz (1930-1935 MHz / 2120-2125 MHz); (b) 2×5 MHz (1935-1940 MHz / 2125-2130 MHz); (c) 2×5 MHz (1940-1945 MHz / 2130-2135 MHz); (d) 2×5 MHz (1945-1950 MHz/ 2135-2140 MHz); (e) 2×5 MHz (1960-1965 MHz/ 2150-2155 MHz); and (f) 2×5 MHz (1965-1970 MHz/2155-2160 MHz).

Each Applicant will be required to state their interest in the following spectrum at the Base Price:

• Product 1: Up to 2 blocks of 2×5 MHz in 1800 MHz;
• Product 2: Up to 5 blocks of 2×1.2MHz in 1800 MHz;
• Product 3: Between 1 and 6 blocks of 2×5 MHz in 2100 MHz: Block 1: (1930-1935 MHz / 2120-2125 MHz); (ii.) Block 2: (1935-1940 MHz / 2125-2130 MHz); (iii.) Block 3: (1940-1945 MHz / 2130-2135 MHz); (iv.) Block 4: (1945-1950 MHz / 2135-2140 MHz); (v.) Block 5: (1960-1965 MHz / 2150-2155 MHz); and (vi.) Block 6: (1965-1970 MHz /2155-2160 MHz).

The base price for 2×1 MHz in 1800 MHz and 2100 MHz is $0.87 million. The base price for 1800 MHz – Product 1 2×5 MHz is $4.35 million, 1800 MHz – Product 2 2×1.2 MHz $1.04 million and 2100 MHz 2×5.0 MHz is $4.35 million.

 

[ghazi52]

Engro to inject Rs21.5 billion in its telecom subsidiary

• Engro Connect is wholly-owned by Engro Corp

BR Web
Desk 25 Aug 2021

Engro Corporation announced on Wednesday that it would inject an equity of Rs21.5 billion in its wholly-owned subsidiary, Engro Connect (private limited), as part of the company's telecommunications vertical initiatives.

In a notice sent to the Pakistan Stock Exchange (PSX), Engro Corp said that the funds will primarily be utilised to fuel expansion in the Build-to-Suite (BTS) tower business of Enfrashare (Private) Limited,
"including but not limited to provision of efficient energy solutions, installation of state-of-the-art network monitoring solutions and exploration of other investment avenues within the connectivity value chain".

On Tuesday, Engro Corp announced its consolidated six-month profit for the half-year ended June, 2021 at Rs29.11 billion compared to earnings of Rs15.79 billion in the same period of the preceding year.

Its profit for the April-June quarter amounted to Rs14.3 billion, a year-on-year increase of 46.1% compared with Rs9.79 billion in the same three-month period of the previous year.

The company's board of directors also recommended cash dividend of Rs7 per share, which was in addition to the dividend of Rs12 per share announced previously.

In April, the board approved an amount of up to $31.4 million towards conducting engineering, design, and technical studies including a Front End Engineering Design (FEED) study in relation to the PDH-PP Project