Supernet Ltd secures contract to provide connectivity for 1,700+ bank branches

March 11, 2025 (MLN): Supernet Limited (PSX: GEMSPNL) has been awarded a major contract by one of the largest banks in the country to provide connectivity and access management solutions across its extensive network of over 1,700 branches nationwide.

Under a multi-year contract, GEMSPNL will provide state-of-the-art connectivity services using diverse last mile media, including optical fiber, wireless, and satellite as delivery mechanisms, coupled with access management solutions.

The contract is worth over Rs800 million, with an option for renewal for similar terms, the company's filing on PSX revealed today.

GEMSPNL is a one-stop shop for all information technology needs of customers and has a strong track record as a trusted connectivity, information technology, and cybersecurity partner for Pakistan's financial sector.

The win reflects the customer's confidence in GEMSPNL's ability to deploy and manage complex large-scale ICT infrastructure solutions nationwide.

It also highlights GEMSPNL's superior support structure, ensuring uninterrupted banking services and cementing its position as the leading ICT solutions provider in Pakistan.