SLAMABAD: The country’s leading telecom and ICT services provider, Pakistan Telecommunication Company Limited (PTCL), posted a significant 7.3% growth in its revenues, owing to a robust commercial strategy that cements its market standing. The company has announced its financial results for the nine months period ended on September 30, 2021 at its Board of Directors’ meeting on Monday.
The company is upgrading its existing infrastructure and network, besides expanding FTTH across the country to offer seamless connectivity for greater customer experience. Prompt deployment of FTTH and strong performance in Corporate and Wholesale segments are the cornerstone in PTCL’s topline growth, which along with focus on cost optimization program, has significantly increased the company’s profitability.
PTCL Consumer Business showed consistent performance as it reports 5th straight quarter of growth. During the 9 months of 2021, company’s Fixed Broadband business grew by 12.7% YoY, whereas PTCL IPTV segment also grew by 13.5%. Within broadband business, the groundbreaking PTCL Flash Fiber, Fiber-to-the-Home (FTTH) service showed a tremendous growth of 57.5%, whereas PTCL Charji /Wireless Broadband Segment grew by 17.8%. Voice revenue stream has declined on account of lower voice traffic and continued conversion of customers to OTT services. Business services segment continued its momentum sustaining market leadership in IP Bandwidth, Cloud, Data Center and other ICT services segments.
PTCL’s Corporate business grew by 12.9% as compared to the same period last year, while Carrier and Wholesale business continued its growth momentum and achieved 10.3% overall revenue growth. International voice revenue has shown declining trend like domestic voice revenue. Being the national telecom carrier and connectivity backbone in Pakistan, PTCL Group strives to provide innovative solutions to accelerate growth for a ‘Digital Pakistan’ through robust telecommunication infrastructure and enhanced customer experience.