PTCL Group’s 17% Revenue Growth announced a remarkable growth for 2024, solidifying its leadership in Pakistan’s telecom industry. This exceptional performance is driven by expanding fixed broadband, mobile data, and enterprise solutions, demonstrating PTCL’s commitment to digital transformation and connectivity. This significant revenue growth underscores PTCL’s dominant position in the Pakistani telecom market.
Record-Breaking Revenue and Growth Across Segments
PTCL Group’s 17% Revenue Growth Group achieved a record Rs. 219.7 billion in revenue, fueled by strong performance in fixed broadband, wholesale, and business solutions. PTCL itself saw a 12% YoY revenue increase, while Ufone 4G posted a 25% YoY revenue jump, with a Rs. 4.6 billion EBIT. U Microfinance Bank also received recognition for its Islamic retail banking offerings. This diversified growth strategy has clearly paid off for PTCL.
PTCL’s Strong Performance and Flash Fiber Success
PTCL’s revenue reached Rs. 107.7 billion, a 12% YoY increase. Flash Fiber FTTH service led market expansion, capturing 50% of industry net additions and growing fixed broadband by 20% YoY. Flash Fiber’s subscriber base grew by 104% to over 650,000, cementing PTCL’s fiber-optic leadership. PTCL’s operating profit surged 55% to Rs. 12.2 billion, with a Rs. 4.8 billion net profit. The success of Flash Fiber has been a key driver of PTCL’s growth.
Innovation in Digital Solutions and Enterprise Services
PTCL introduced innovative digital solutions like the SHOQ TV Box and Flash Eye, enhancing customer experiences. A WhatsApp Bot streamlines customer service. PTCL also expanded enterprise solutions, offering IaaS, PaaS, and SaaS to government, banks, and enterprises, providing secure digital infrastructure. These innovations demonstrate PTCL’s commitment to staying at the forefront of the digital revolution.
Ufone 4G’s Impressive Growth and Mobile Financial Services
Ufone 4G’s 25% revenue growth is driven by enhanced customer experience and digital engagement. Its user base surpassed 26 million, with over 17 million 4G customers. New services like Data Roaming Offers and Roam Like Home packages provide affordable international connectivity. Mobile financial services saw a 75% transaction increase, while ONIC’s subscriber base tripled and revenue increased 7x. Ufone’s turnaround has been a significant contributor to the Group’s overall performance.
Awards, Partnerships, and Social Impact
PTCL Group received prestigious awards, including a GSMA GLOMO Award. Sports partnerships with Arshad Nadeem and the Pakistan Hockey Team strengthened its brand. The ‘Dil Se’ initiative empowered women entrepreneurs and supported disaster relief. Collaboration with ConnectHear on an AI-powered early warning system for the deaf community and support for women’s cricket demonstrate PTCL’s commitment to social responsibility.
The Future of PTCL Group: Digital Transformation and Connectivity
With continued investment in fiber-optic broadband, 4G expansion, cloud computing, and digital services, PTCL Group leads Pakistan’s telecom and technology landscape. Its record revenue, innovation, and social responsibility position it as a driving force behind Pakistan’s digital transformation. The acquisition of Telenor Pakistan, expected to close in 2025, will further strengthen its market position. PTCL is poised for continued growth and innovation in the Pakistani telecom market.
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