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In 2008, Pakistan was the world's third-fastest growing telecommunications market. Pakistan's telecom infrastructure is improving dramatically with foreign and domestic investments into fixed-line and mobile networks; fiber-optic systems are being constructed throughout the country to aid in network growth. [5]
PTA figures for 2007, for comparison, reported 48.5 million subscribers, [6] rising to 102 million (over 60% of the population) by December 2010. [7]In 2007, the largest cellular mobile telephone service providing company in Pakistan was Mobilink, and other companies included Wateen (a member of Dhabi Group).
Also in 2021, it was the sponsor of the Ufone 4G Football Cup in Pakistan. [9] [10] In December 2023, Ufone CEO Hatem Bamatraf announced it had agreed to acquire 100% of Telenor Pakistan Ltd. [11] Specifically, Ufone's owner PTCL agreed to acquire Telenor in Pakistan for $500 million. In May 2024, Pakistan's antitrust authority warned against ...
Warid Pakistan further invested US$1 billion in network expansion by the end of 2009. Warid Pakistan got a new CEO Muneer Farooqi in October 2012. SingTel sold back that stake in January 2013 for $150 million and a right to receive 7.5 per cent of the net proceeds from any future sale, public offering, or merger of Warid Pakistan. [9] [10]
In December 2023, Telenor ASA decided to sell its subsidiary, Telenor Pakistan, to PTCL for $385 million. [4] As of November 2024, Telenor Pakistan has a total subscriber base of 43 million in Pakistan, among which 25 million are 4G/LTE subscribers. With a market share of 22%, it is currently the third largest mobile phone network in Pakistan. [5]
SCO is a public sector organization working under Ministry of Information Technology and Telecommunication (MoITT) of the Government of Pakistan (GOP). [5] It was founded on 16 July 1976 [6] to develop, operate and maintain telecom services in Azad Jammu & Kashmir and Gilgit Baltistan after then Prime Minister Zulfikar Ali Bhutto “found himself cut off from the rest of the world” during a ...
SMEDA is not only an SME policy-advisory body for the government of Pakistan but also facilitates other stakeholders in addressing their SME development agendas. Its main objective is to formulate Policy to encourage the growth of SMEs in the country and to advise the Government on fiscal and monetary issues related to SMEs.