WorldCall Telecom Limited (WTL) has signed an agreement with NetSat Private Limited, outsourcing its service and network operations in the Southern Region of Pakistan.
A notification of the agreement provided to the Pakistan Stock Exchange (PSX), NetSat will take over developing and managing WTL’s operations in the South Region. The company intends to up its investment in the South by pouring in PKR 350 million for the purpose of upgrading the existing network and expanding operations to achieve around 400% annual revenue growth.
On the other hand, the deal provides access to WTL in those market segments where NetSat has existing presence and substantial service footprint. Providing further details on the collaboration, both companies are set to roll-out fibre centric consumer services in the following cities; Karachi, Sukkur, Hyderabad and Quetta. The plan is to optimize the installation of WTL fibre optic covering over 500 km and approximately 2,000 km in terms of coaxial infrastructure.
The business portfolio of NetSat boasts assets that incorporate connectivity, call centre operations, television media, data centre services, satellite connectivity, studio facilities and cloud services.
Moreover, WTL owns one of the biggest fibre optic and cable infrastructure in the country while NetSat is a highly successful premium service provider for data connectivity and content throughout Pakistan which can be further enhanced by WTL operated blockchain platform.
It must be noted that WorldCall has been facing challenges while streamlining its operations in the last few years but it attracts market players into entering acquisition deals because of its strength as the owner of an impressive network established throughout Pakistan. One of the groups is ARY Group which has recently signed a deal regarding the acquisition of stakes.
Not surprisingly, WTL and NetSat, both companies intend to enhance and upgrade their business operations all over the country, playing at the advantages that this collaboration brings forth.
The business collaboration has immense potential to benefit both parties. It will allow both the companies to significantly grow their market shares while expanding their respective operations. Since, this agreement provides a strong competitive advantage as all mediums of transmission, transport and hosting channels within the solutions market become readily available and can be delivered as an impressive integrated offering for Content transport and Data facilities. Both the companies have committed to making this collaboration successful.