Dutch Firm to invest USD10 million to provide Corporate LTE to business across 11 cities in Pakistan

News Image

MG News | May 24, 2017 at 12:05 PM GMT+05:00

0:00

A Dutch telecom firm is all set to make investments worth $10 million in Pakistan to upgrade the broadband infrastructure in 11 cities. The company aims to install corporate LTE in 11 cities across Pakistan.

In the wake of rising demand in the corporate sector for high speed interconnectivity, the company will initially invest $3 million in the up gradation of Tier 1 cities broadband infrastructure. Karachi, Lahore, Islamabad and Rawalpindi will initially see an up gradation of WiMAX by the year end. The planned corporate LTE by the firm will deliver corporate bandwidth internet speed up to 100 mbps.

Initially, the company would introduce corporate LTE in Sukkur, Hyderabad, Peshawar, Quetta, Sialkot, Sargodha, Faisalabad, Multan, Rahim Yar Khan, Gujranwala and Gujrat. The company has plans to upgrade the WIMAX network in Karachi, Lahore, Islamabad and Rawalpindi by the year end.

Currently, LTE (Long-term evolution) are only available to mobile phone users. Soon, the businesses will also be equipped with the high speed bandwidth and network connectivity with the launch of Augere services.

Augere Holdings, established in 2007, is currently operating in Bangladesh and Pakistan with the brand name of Qubee Pakistan and Qubee Bangladesh. It currently serves about 125,000 broadband customers.

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg