WorldCall Telecom Limited (WTL) technology transformation project is progressing as per plan with the start of 2nd Phase of Fiber To The Home (FTTH) Project.
GlobalTech Corporation thru its subsidiary WorldCall Telecom is the largest cable television operator in Pakistan with over 800,000 cable television customers. Additionally, it has over 50,000 broadband customers. Our investment strategy includes converting our existing cable customers to Fiber-to-the-Home, this will result in lower expenses and higher revenue per customer. We have commenced converting our customers and have received a 100% conversion rate at our test location. Over the next 24 months, we will convert from the HFC plant to FTTH. This will be a phased conversion, wherein we pay for the customer equipment and installation. Pakistan lacks broadband connectivity and at less than 3%, we expect this to increase to over 30% within the next 5 years as envisioned by the Government of Pakistan. Pakistan has a population of over 220 million, giving a large expansion for our product. The Internet is not a luxury but a necessity.
" Fiber Is The Future. "
To finance the next phase of the program, WorldCall Services (Pvt) Limited, Parent company of WTL, has concluded arrangements that would open access to quality capital markets outside Pakistan for the Company. For this purpose, National Association of Securities Dealers Automated Quotations Stock Market (NASDAQ) has been selected for listing. GlobalTech Corporation filed registration statement (Form 10) and initiated the listing process.
Get connected or get lagged behind
We take immense pride in announcing to the “Digital World” that since its much awaited launch, FTTH (Fiber to The Home) has been heralded as a resounding success. Having stamped its fiber connectivity excellence in Wapda Town, we at WorldCall Telecom Limited (WTL) have envisaged to take our Home Passes success story forward by diversifying and penetrating in urban areas of Lahore such as Gulberg, Cantonment & DHA (Defence Housing Authority) etc. not necessarily in that order. Adhering to systematic expansion plan, FTTH is being rolled out in Gulberg Zone, Lahore. Home passes continue to multiply on daily basis there. WTL carrying high its FTTH slogan of “get connected or get lagged behind”