Islamabad November 03, 2021: Pakistani Telecom Company, Ufone has secured its largest syndicated financing facility jointly led by MCB Bank Limited (Agent bank), Allied Bank Limited, Bank of Punjab, National Bank of Pakistan and United Bank Limited to fund the acquisition and rollout of its 4G services across Pakistan.
The company’s investment in 4G spectrum will go onto enhancing its network capacity and readiness besides delivering superior connectivity and user experience to its customers.
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It is worth mentioning to note that PTC share price also gained momentum in today market session where touched upper limit of PKR10.24, giving investors 10.2 percent return in a single day. Total 22.7 million shares of PTC are traded in today session.
President MCB Bank, Mr. Imran Maqbool congratulated Ufone on acquisition of 4G spectrum and emphasized on the need of changing the dynamics of all industries post Covid, including enhancing virtual connectivity and reliance on technological innovation for sustainable growth.
He expressed hopes that Ufone, with the new 4G capabilities, will further enhance its contributions to the socio-economic growth of the country