Pakistan Telecommunication Authority’s 2024 Annual Report highlights impressive growth in the telecom sector, including record revenues, increased broadband and mobile internet subscribers, and enhanced local device manufacturing. The report underscores PTA’s commitment to digital transformation and innovation in the telecom industry, aligning with global standards.
Pakistan has seen a 28% increase in mobile internet speed over the past year, with speeds rising from 15.65 Mbps to 20.02 Mbps. The PTA reports a 24.2% surge in mobile internet usage and highlights positive growth in broadband and telecom subscribers, despite challenges in global internet speed rankings.
Mobile Telecommunications Company K.S.C.P is expected to see significant growth starting in 2025, driven by ZainTECH, fintech initiatives, and 5G investments. Despite challenges such as high debt levels and economic risks in certain markets, the company’s strategic moves are set to boost revenue and EBITDA growth over the coming years.
Jazz has reported $1 billion in revenue for the first nine months of 2024, marking a strong recovery after two years of underperformance. The company’s success is attributed to its pivot to a ServiceCo model, digital transformation efforts, and expansion in fintech services like JazzCash.
Beyon, Bahrain’s telecom giant, reports a 1% rise in net profit to BD56.2 million and a 6% revenue increase in the first nine months of 2024. Comprehensive income surged by 22%, driven by favorable investment gains. EBITDA margin remained steady at 40% amidst consistent growth.
Ooredoo has reported a 2% revenue increase for the nine-month period ending September 30, 2024, reaching QAR17.7 billion. The company also achieved a 15% rise in normalized net profit and secured a $500 million bond issuance to support growth, particularly in its data center business and digital infrastructure.
du achieved a 49.7% rise in net profits for the first nine months of 2024, marking a significant year with robust revenue growth and operational efficiency.
