Supernet secures 20-Year FLL Licenses

MG News | October 23, 2024 at 11:31 AM GMT+05:00

0:00

October 23, 2024 (MLN): Supernet Limited (PSX: GEMSPNL) has been awarded Fixed Local Loop (FLL) Licenses by the Pakistan Telecommunication Authority (PTA) for 20 years commencing from October 22, 2024, the company's filing on PSX revealed today.

The FLL licenses cover all 14 Telecom Regions across Pakistan and are superior to its previously held Class Value Added Services (CVAS) license, originally issued on October 23, 2009 and expiring on October 22, 2024.

The CVAS license has been replaced by the FLL license.

The company under the terms of its FLL Licenses will have additional rights in terms of ability to deploy its own infrastructure and provide additional services to its customers.

This is likely to result in increased revenues and higher margins for the company.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,098.19 607.60M	-0.87% -1432.62
ALLSHR	99,276.25 1,397.26M	-0.80% -801.63
KSE30	50,184.56 221.88M	-0.89% -450.56
KMI30	238,333.52 129.55M	-1.13% -2718.46
KMIALLSHR	65,792.54 685.73M	-0.99% -655.65
BKTi	45,653.52 111.72M	-1.00% -461.31
OGTi	32,313.25 10.70M	-1.57% -516.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,520.00	0.00 0.00	-2470.00 -2.11%
BRENT CRUDE	62.09	65.36 62.00	-3.13 -4.80%
RICHARDS BAY COAL MONTHLY	81.00	81.00 81.00	-1.60 -1.94%
ROTTERDAM COAL MONTHLY	90.50	0.00 0.00	0.40 0.44%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	58.24	0.00 0.00	-0.66 -1.12%
SUGAR #11 WORLD	16.10	16.35 15.97	-0.16 -0.98%