Telecom sector invested $495.8m in FY 2011 -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

Telecom sector invested $495.8m in FY 2011

ISLAMABAD: Telecom sector exhibited stability in the FY 2011 and invested $495.8 million with cellular mobile sector being the leading contributor.

In addition, Universal Services Fund (USF) also invested Rs 3.5 billion in unserved areas.

Despite challenges on the domestic scene, Foreign Direct Investment (FDI) showed an encouraging trend, as FDI by the telecom companies was more than 30 percent of the total FDI landed in the country during last six years.

Telecom companies reduced FDI as they had already established their infrastructure. In FY 2011, telecom sector attracted over $79 million FDI in the country, which is about 5 percent of the total FDI which came to Pakistan.

Besides this, telecom and Information Technology sector in the country is also looking for potential opportunities with the possible emergence of Third Generation (3G) technology in Pakistan in March 2012.

Pakistan Telecommuni-cation Authority (PTA) was putting every endeavor to bring home latest cellular mobile technologies including the 3rd Generation.

Director PR, PTA M Younis said, “3G is a category of next generation mobile networks that operates at a higher frequency bandwidth and a larger channel bandwidth”.

Moreover, large bandwidth enables 3G networks to support very high data rates, up to 2 Mbps, he said.

3G is likely to be the next big thing for the telecom sector, will meet their requirement with intelligence in the network therefore performance will be quick and better and information dissemination will be made easier.

Also, the service will maintain tons of data and video content in the best organised form.

He said PTA would continue to introduce latest telecom technologies and shifting of cellular mobile technology from 2nd Generation to 3rd Generation would take place within due course of time.

He said it has always been difficult to introduce new telecommunication methods and technologies, adding PTA would facilitate all operators to switch over to the latest technologies.

3G technology will enhance data speed and all convergence services while broadcasting facilities would also be available at one platform.

Source: Daily Times