Telecoms sector to receive USD700 million investment

30 Sep 2005

According to telecoms officials in the country, Pakistan’s telecoms market is set to receive an investment of USD700 million from both local and international companies planning to lay a fibre-optic backbone across the country. A total of six companies have expressed an interest in laying fibre in the country, although they have not been named; each company has said it would lay at least 4,500km of fibre across the country. The fibre-optic backbone market was previously monopolised by incumbent telco Pakistan Telecommunications Company Ltd (PTCL).