WTL planning fundraising drive for FTTH rollout

ISP WorldCall Telecom Limited (WTL) has announced that it has completed the pilot stage of its fibre-to-the-home (FTTH) conversion programme and has begun the second phase of the project. In a filing with the Pakistani Stock Exchange (PSX) WTL noted that its parent company, Worldcall Services Limited (WSL) is ‘concluding arrangements that would open access to quality capital markets outside Pakistan for the company’. WSL has selected NASDAQ for the listing. WTL is looking to utilise its existing HFC networks to facilitate a rapid and low-cost rollout of FTTH. The operator trialled the process in Lahore and launched commercial fibre services in the city in April last year.