WorldCall Telecom Limited has entered into a business collaboration agreement with NetSat (Pvt) Limited to outsource service and network operations in South Region, Pakistan.
According to details issued to Pakistan Stock Exchange (PSX), NetSat would be independently managing, developing, and operating WTL South business operations in the southern region, comprising cities like Karachi, Hyderabad, and others.
Also, the company plans to invest up to Rs. 350 million in network upgrade and expansion to deliver nearly 400 percent annual revenue growth in the South.
The agreement is transformative in its scope and will give an immediate boost to the business operations of both organizations by increasing their respective market share and market reach through this collaboration.
Through this collaboration, WTL would gain access to markets segments where NetSat already has a significant service footprint.
Both parties plan to aggressively roll-out fiber centric ‘consumer services’ across Karachi, Hyderabad, Sukkur, and Quetta (WTL South), making optimal use of more than 500 km of WTL fiber optic and nearly 2,000 km of coaxial infrastructure.
NetSat has a significant business portfolio and assets in Television media, Corporate Connectivity, Data Center services, Call Center operations, Satellite Connectivity, Cloud Services, and Studio Facilities.
This collaboration means a significant competitive advantage in the ‘solutions market’ with all forms of transmission/hosting/transport media becoming available as an integrated offering for Data and Content transport facilities. Both parties plan to further augment and enhance their business engagement across Pakistan, building on the strength delivered through the current collaboration agreement.
WorldCall possesses one of the largest fiber optic and cable infrastructure in Pakistan, and NetSat is a premium service provider for content and data connectivity across Pakistan. WTL’s blockchain platform would further augment the service offering.
It is pertinent to mention here that WorldCall has been struggling to streamline its operations for the past many years. However, its available network across the country is an asset that attracted many market players to enter a shareholding acquisition deal.
Most recently, ARY Group has succeeded in transpiring a deal to acquire stakes in the country, whereas the fresh collaborative partnership is seemingly optimistic to improve the operations of WorldCall in a win-win situation.