News

Foreign & Local Consortium to Invest US$ 35M in Fibre Optic Network
2 April 2005

From a strategic perspective, it is imperative that Pakistan must have multiple optical fibre based long distance networks for diversity of routes and transmission links.

Global Connect Limited intends to establish and operate an optical fibre based long haul transmission network to provide bandwidth and circuit capacity services to LDI/ Mobile and Data Network Operators in Pakistan.

The minimum investment in providing coverage to the largest 25 cities in Pakistan is estimated at $35-40 Million. Our consortium comprises of foreign institutional investors and leading local investors, these include Infinity Global Telecom, Trakker (Pvt.) Ltd, and JS Infocom Ltd.

Global Connect Limited is willing to commit such massive investment on a committed timescale, however the Government must provide a policy based directive, appropriate license classification and associated obligations to facilitate this investment.

The proposed network will market tier1 infrastructure based services for domestic long distance market to LDI operators rather than engage in traffic origination and termination services. Our company Global Connect Limited has already applied for an LDI license to PTA. This would be the first private sector infrastructure project of this nature.

This was also announced today at the Telecommunications Investment Conference in Karachi which was hosted by the CFA Association of Pakistan.