16.4 C
Islamabad
Friday, November 22, 2024

PTCL Group cements its market standing: Increase of 7% Revenue &136% in Profit

Must read

Sultanate of Oman marks fifty-fourth glorious National Day with milestone accomplishments

Spokesman Report On the eighteenth of November of each year, the Sultanate of Oman celebrates its National Day, which is the fifty-fourth glorious National Day...

Reforms and innovations create a solid foundation for sustainable development of agriculture in New Uzbekistan

Spokesman Report Tashkent: It is difficult to imagine economic development in any country without a strong focus on agriculture. The well-being of citizens in every...

Daily The Spokesman November 22 2024 PDF

Daily The Spokesman November 22 2024 PDF

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.

- Advertisement -PTCL Group cements its market standing: Increase of 7% Revenue &136% in Profit

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -PTCL Group cements its market standing: Increase of 7% Revenue &136% in Profit

Latest article

Sultanate of Oman marks fifty-fourth glorious National Day with milestone accomplishments

Spokesman Report On the eighteenth of November of each year, the Sultanate of Oman celebrates its National Day, which is the fifty-fourth glorious National Day...

Reforms and innovations create a solid foundation for sustainable development of agriculture in New Uzbekistan

Spokesman Report Tashkent: It is difficult to imagine economic development in any country without a strong focus on agriculture. The well-being of citizens in every...

Daily The Spokesman November 22 2024 PDF

Daily The Spokesman November 22 2024 PDF

Chairman PRCS Highlights Locally Led Climate Adaptation at COP29 Event

Spokesman Report Baku: Chairman Pakistan Red Crescent Society (PRCS), Sardar Shahid Ahmed Laghari, addressed a distinguished forum at a special event hosted in the Pakistan...