One of the largest telecom and IT services companies, the partner has a market capitalization of $80 billion and operates in numerous markets throughout the MENA and Asia Region.
A commercial cooperation agreement has been co-signed by Supernet Limited (SPNL), a Telecard Limited (TELE) subsidiary, and a major provider of telecom and IT services in the Middle East, North Africa, and Asia. The project is a component of Supernet’s expansion plan to provide business services to clients outside of Pakistan.
Telecard and Supernet both made the announcement to the Pakistan Stock Exchange (PSX). One of the largest telecom and IT services companies, the partner has a market capitalization of $80 billion and operates in numerous markets throughout the MENA and Asia Region.
The partner offers a variety of Information and Communications Technology (ICT) services, like consulting, business process outsourcing (BPO), datacenter solutions, etc., in addition to telecommunications services (GSM, Data and Internet, Cloud Services).
With the aforementioned strategic partnership, Supernet and its affiliates will be able to offer their services to thousands of B2B clients in more than 13 countries in addition to their partner.
Customers who already had access to locations in France, Germany, the United Kingdom, Singapore, Hong Kong, and Mainland China will be able to use Supernet Limited’s dependable services in the MENA and Asia regions.
Supernet is looking to explore additional potential areas of collaboration and strengthen the business relationship. Supernet has already begun to secure orders from this new relationship.
In 1992, Telecard Limited established a public limited company in Pakistan and began offering public pay phones. The business conducted its initial public offering in 1995.
A licenced provider of long distance, international, and local loop services as well as comprehensive corporate voice and data solutions, Telecard was first established as a payphone company in the middle of the 1990s and has since developed into one of the most seasoned telecom operators in Pakistan.
Today, Telecard offers a variety of goods, services, and solutions to the country’s enterprise market segment, both directly and through subsidiaries like Supernet and Super Secure and international partners like Genesys.
Supernet Limited was established in 1995 with the goal of offering internet services to Pakistan. It is a top systems integrator and provider of telecommunications services in the nation.
The company has a wide range of communication and IT technologies spread across Pakistan in more than 200 cities and towns, and it offers a full portfolio of local-to-global integrated communications infrastructure solutions to the telecom, defence, private business, and government sectors/customers.
Supernet offered everything at its inception, including the internet. One example is electronic data interchange (EDI). Businesses would communicate electronically under EDI rather than on paper, and it has recently been mandated for all countries to facilitate automation and trade.
In April last year, Supernet went public on the Growth Enterprise Market (GEM) board of the PSX. The GEM board was developed as a listing platform to assist growth enterprises, whether small, medium-sized, or new businesses, with their capital raising requirements.
The first technology company to list on the GEM Board of the Pakistan Stock Exchange is Supernet. With 17,784,500 shares traded on a single day, TELE’s stock was the most actively traded on the PSX during Monday’s trading session. The stock price increased dramatically by 8.07% to close at Rs. 8.04.