April 18, 2010

Weekly Telecom News Updates from Pakistan

 
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$100m Investment Withdrawn – Thanks to High MVNO Fee
At least one out of three companies, which had applied to invest in industry, has withdrawn its decision to invest $ 100 million, due to increase in the license fee by the Pakistan Telecommunication Authority (PTA).

 

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PayPal in Pakistan – Looks Possible, but it May Take Time!

Reportedly, an advance team from PayPal has visited Pakistan to study business viability and architecture in the country. With PayPal’s announcement to hike its strength in Asia, one must consider that Pakistan won’t be missed this time.

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Cellular Subscribers Surpasses 96m Mark, Again
Cellular subscribers in the country reached 96.23 million in February 2010, with teledensity hitting 58.70 percent. All cellular companies showed positive growth in February 2010 with overall industry growth of 0.86 percent compared to negative growth of 2.22 percent in January 2010. Mobilink topped the subscriber base with 31.30 million.
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Wateen and IPO: Insight
Wateen’s IPO is showing good signs as of now. Company’s 19.8 million shares were sold with-in first two days, while company CEO said that strategic investors, banks and different investment houses have already under written the 110 million shares, therefore, there would be no question of under subscription of the company’s issue.
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PTA Plans 3 More 668 Services in Phases

After successful completion of Phase 1 of 668 service, Pakistan Telecommunication Authority is further planning another 3 phases for the purpose of completely eliminating un-registered SIMs from the country.

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Sneak Peak

Ufone Super Call Offer is Ending April 30th
Mobile Internet at Rs. 5 per Day: Zong
Mobi2Tweet Challenges Chopaal, Launches Group SMS
Get Duplicate bill of PTCL Landline on Internet [Privacy Nightmare #Fail]

 

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