PTCL to Invest Rs. 100 Billion in Next Five Years

PTCL will invest Rs. 100 billion in Pakistan in next five years, said Mr. Walid Irshaid in an interview with Business Recorder. He said that source of funding can be debt to equity combination, while the investment will be focused on variety of areas with in the company including expansion.

Mr. Irshaid said that PTCL was a state run monopoly telephone company before privatization, while new management is trying to transit the organization to make it become “The Telecom company of Pakistan” with integrated solutions

For the purpose, new management right-sized the staff from 64,000 to 30,000 only, said Mr. Irshaid. He pointed that at time of privatization, PTCL’s main revenue generating source was voice, which is now shared by number of services including broadband, IPTV and other portfolio services.

Speaking on the potential Pakistani broadband market has, Walid Irshaid said that with with 180 million people and in the middle of a youth bulge, every year, at least 5 to 10 million become potential broadband users. He revealed that average download capacity of Pakistani broadband user is 25GB, five times higher than average global "unlimited" download of only 5GB.

News Details: ProPakistani





Earlier,  PTCL declared "Best Telecom Landline Operator in South Asia”