CRC approves NURTS sale

Pakistani fixed line incumbent Pakistan Telecommunication Company Ltd (PTCL) has announced that in the year ended 30 June 2011 it saw revenues of PKR104.6 billion (USD1.14 billion), an increase of 6% against the figure from the previous financial year. Further, the company noted that net profit for the twelve month period stood at PKR8.4 billion. The operator’s president and CEO Walid Irshaid said that the results demonstrated that PTCL had successfully ‘continued its strategy of innovation’, with the company having positioned itself as the leading integrated telecom services provider in Pakistan, offering multiple solutions to business and household market segments while also extending vital services to other telecom operators in the country. [More]

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