WorldCall Telecom Limited (WTL) has announced plans to upgrade its Fiber to the Home (FTTH) internet services in partnership with a new partner, TUFA Telecommunications Limited.
Subscribers to the services will be charged an additional fee for the improved services.
WTL has entered into a business collaboration agreement with TUFA Telecommunications to target FTTH services across Pakistan, according to a stock filing with the Pakistan Stock Exchange (PSX). WTL’s existing subscribers will be upgraded to the FTTH infrastructure at no additional cost upon initial deployment.
Through the agreement, WTL’s existing fiber-optic network will be used to provide seamless broadband access. Additionally, this corporate venture promises to significantly accelerate the dissemination of cheap broadband services for all segments of society.
WTL boasts more than 1,850 kilometres of fibre optic infrastructure distributed across 20 major cities, as well as the capacity to acquire users through the market of nearly three million households.
The telecom provider intends to secure subscribers using cutting-edge blockchain technology, which will provide subscribers with various channels of empowerment. According to the company’s assertion in a notification to the Pakistan Stock Exchange, blockchain architecture will further enhance transparency in service delivery and transparency in subscriber management for all stakeholders (PSX).
WTL’s FTTH roll-out will have the lowest conversion cost per subscriber, and its commercial engagement with TUFA will result in rapid deployment of services at highly competitive rates.
TUFA Telecommunication (Pvt.) Ltd. is a subsidiary of the Credence Group, a Lahore-based telecommunications company that serves all of Pakistan’s major areas.
With the planned development projects, WorldCall Telecom Ltd’s management has been in discussions with ARY Communications about selling its 51 percent ownership. The agreement is still being negotiated between the two sides, despite the fact that the company was recently in the spotlight on the stock exchange as the session’s top gainer in the share price.
