Islamabad
\nPakistan Telecommunication Company Limited (PTCL), one of the leading telecom and ICT services provider in the country, has announced its financial results for the financial year 2024 ending December 31, 2024. The announcement was made during a Board of Directors meeting held in Islamabad.
\nPTCL Group achieved impressive double-digit revenue growth of 17% during the financial year 2024. The Group\u2019s robust performance solidifies its position as Pakistan\u2019s top integrated telecom service provider.
\nPTCL Group Key Highlights:
\n\u2022PTCL Group posted revenue of Rs 219.7 billion, driven by robust growth in consumer segments including fixed broadband & mobile data and wholesale & business solutions.
\n\u2022PTCL posted 12% YoY revenue growth, maintaining its upward trajectory.
\n\u2022Ufone (PTML) reported a 25% YoY revenue growth.
\n\u2022The continuous strong topline growth and cost optimization measures over last few years has helped Ufone get back into positive operating profit with a strong EBIT of Rs 4.6 billion.
\n\u2022U Microfinance Bank (U Bank) has been honored as the Best Microfinance Bank for Islamic Retail Banking Offerings in Pakistan 2024 at the 10th Islamic Retail Banking Awards (IRBA) hosted by Cambridge IFA.
\n\u2022The signing of SPA for acquisition of 100% shares of Telenor Pakistan by PTCL was announced in December 2023. The closing of the transaction is subject to regulatory approvals as well as customary terms and conditions and is expected to take place during the first half of 2025.
\nPTCL Achieves Stellar Performance in 2024
\n\u2022PTCL\u2019s revenue soared to Rs 107.7 billion, marking a 12% increase from 2023, fueled by robust growth in fixed-line, wholesale, and business solutions.
\n\u2022Flash Fiber, PTCL\u2019s premium FTTH service, dominated the market in 2024, capturing the significant share of the industry net adds.
\n\u2022The company reported an operating profit of Rs 12.2 billion, reflecting a 55% growth over last year, and a net profit of Rs 4.8 billion for 2024.
\nPTCL\u2019s aggressive FTTH expansion has fueled its remarkable topline growth. Building on last year\u2019s momentum, PTCL prioritized delivering the fastest and most reliable internet services through its flagship FTTH brand \u201cFlash Fiber\u201d. This customer-centric approach has cemented PTCL\u2019s position as a market leader, capturing the majority share of net additions (captured ~50% of industry net adds) in the FTTH segment. The fixed broadband business achieved 20% YoY growth, while Flash Fiber posted an unprecedented YoY growth of 104%. With over 650K FTTH subscribers, PTCL\u2019s ongoing FTTH expansion continues to yield outstanding results, solidifying its industry leadership.
\nDuring the year, the Group introduced innovative differentiated services, including:
\nSHOQ TV Box: Powered by Android TV by Google, transforming the TV viewing experience. This innovative offering is set to elevate news and entertainment options, redefining the future of television.
\nFlash Eye: A smart solution featuring HD IP cameras exclusively for Flash Fiber customers.
\nWhatsApp Bot: A convenient self-service platform for customers to register complaints, access billing details, manage Speed Bolt-On subscriptions, obtain tax certificates, and get product information.
\nPTCL Group Business Solutions Highlights:
\nIn 2024, PTCL Group solidified its role as Pakistan\u2019s leading digital enabler by significantly expanding its state-of-the-art Data Centers and Public Cloud platforms covering IaaS, PaaS, and SaaS. The company enhanced its enterprise offerings and delivered secure, scalable, and efficient Multi Cloud solutions through its strong nationwide infrastructure to a diverse range of clients, including Government, Public and Private Institutions as well as major Banks, startups, and system integrators. PTCL\u2019s commitment to innovation was evident in its next-generation Data Centers and Cloud Platforms, which ensured seamless connectivity, robust data security, faster processing speeds, and reliable disaster recovery solutions.
\nPTML \u2013 Ufone 4G Highlights:
\nUfone 4G posted a YoY growth of 25% in topline during 2024 with remarkable display of resilience and strength across multiple fronts. This growth has been possible due to better customer experience and digital engagement through multiple data-centric products and strategic partnerships with leading digital platforms enhancing digital engagement. Ufone 4G\u2019s impressive growth is a testament to the commitment to customer experience and digital innovation. Ufone has been successful in growing the base at an accelerated pace, surpassing 26 Mn overall base and 17 Mn 4G base mark in 2024.
\nUfone 4G is revolutionizing the digital landscape by integrating innovative value-added services (VAS) into its key digital products. By incorporating Golootlo, Waada, Shoq, and UCloud services, Ufone is providing a comprehensive and enriched experience for its customers.
\nUfone enriched experiences with pioneering products and offers in 2024:
\n-Data Roaming Offer: Ufone 4G introduced an exclusive data roaming offer for prepaid customers travelling to Saudi Arabia for Hajj and Umrah, in collaboration with the Ministry of Religious Affairs.
\n-Roam Like Home: Ufone launched an innovative international roaming service, offering seamless data and voice connectivity in 27 popular destinations. This convenient and affordable solution enables Ufone subscribers to stay connected while traveling abroad, without worrying about excessive roaming charges.
\n–\tPTML\u2019s digital brand, ONIC is revolutionizing the telecom industry by redefining the traditional telecom experience as a truly digital brand. Key achievement are as follows:
\n\uf0a7\t3x growth in subscribers
\n\uf0a7\t7x growth in revenue
\n\uf0a7\t40+ feature enhancement delivery in Y\u201924
\n-PTCL Group\u2019s mobile financial services witnessed remarkable growth with the launch of Nano Lending and Mastercard, achieving ~75% increase in transactions. This innovation also led to a 2x growth in Mobile Financial Services Monthly Active Users (MFS MAU\u2019s).
\nPTCL & Ufone 4G introduced a brand new digital application, \u2018UPTCL\u2019 to enhance the usability and user experience of both PTCL and Ufone 4G customers. The futuristic app integrates PTCL and Ufone 4G products and services ecosystems on a single platform to provide unprecedented ease and convenience to users.
\nIn 2024, PTCL Group won several prestigious awards, solidifying its position as a leading telecom and ICT services provider in Pakistan.
\nGSMA Global Mobile (GLOMO) Award: Ufone 4G, a subsidiary of PTCL Group, won the \u2018Best Mobile Innovation for Emerging Markets\u2019 award for its innovative microwave network solution.
\n-PTCL Group, has been honored with the \u2018Best Business Strategy and Expansion\u2019 award at the Leadership & Excellence Awards in Digital Development (LEAD) by the SAMENA Telecommunications Council.
\n-Black Dragon for Best Digital Campaign: Ufone x Zalmi \u2013 Data Bohat Hai
\n-Black Dragon for Data Bohhaaat Hai Integration with SHOQ
\nIn 2024 \u2013 A Memorable year for the brand as PTCL Group celebrated a milestone year by partnering with national sports heroes and teams. Key highlights include:
\nOwned the 4G space with the \u201cData Bohhaaat Hai\u201d campaign, showcasing Ufone 4G\u2019s strength in the digital sphere.
\nSigning Pakistani javelin star Arshad Nadeem as brand ambassador, who won Gold at the Paris Olympics 2024.
\nPartnered with the Pakistan Hockey Team to elevate the sport, foster national pride, and showcase Pakistan\u2019s excellence globally.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad Pakistan Telecommunication Company Limited (PTCL), one of the leading telecom and ICT services provider in the country, has announced its financial results for the financial year 2024 ending December 31, 2024. The announcement was made during a Board of Directors meeting held in Islamabad. PTCL Group achieved impressive double-digit revenue growth of 17% during […]<\/p>\n","protected":false},"author":2,"featured_media":364152,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-461269","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n