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 156,177.82
367.85M
-0.00%
-3.12
ALLSHR 95,630.38
1,498.37M
-0.06%
-60.44
KSE30 47,678.47
206.79M
-0.08%
-35.92
KMI30 229,682.22
174.86M
-0.02%
-39.87
KMIALLSHR 64,366.76
638.47M
-0.08%
-53.31
BKTi 41,922.80
89.51M
-0.11%
-46.72
OGTi 31,735.79
16.87M
-0.80%
-255.97
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,500.00 117,295.00
116,115.00
675.00
0.58%
BRENT CRUDE 67.76 68.01
67.76
-0.19
-0.28%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.50 93.50
93.50
0.15
0.16%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.51 63.82
63.51
-0.54
-0.84%
SUGAR #11 WORLD 16.23 16.59
16.23
-0.33
-1.99%

Chart of the Day


Latest News
September 18, 2025 at 12:19 AM GMT+05:00

Pakistan, Saudi Arabia sign Strategic Mutual Defense Agreement


September 17, 2025 at 11:55 PM GMT+05:00

Fed delivers 25 basis-point rate cut


September 17, 2025 at 05:37 PM GMT+05:00

Auction Result: Govt raises Rs201bn through T-bills


September 17, 2025 at 04:59 PM GMT+05:00

Hala Enterprises to increase weaving capacity by 75%


September 17, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Flatlined but Holding On



Top 5 things to watch in this week

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