Karachi May 19 2022: As communicated earlier that as a result of a successful Initial Offering (‘1PO’) of Telecard Limited’s (‘TELE’) subsidiary Supernet Limited (‘GEMSPNL’), TELE has been able to raise PKR 200 million through its Offer For Sale (‘OFS’).
In accordance with the commitment made earlier, it is announced with great pleasure, that TELE, has paid PKR 110.428M to its Term Finance Certificate Holders (‘TFC Holders’) by using the proceeds of the OFS thus making 03 principal quarterly repayments through a single bullet payment. It may also be relevant to point out that all in all, TELE has repaid PKR 144 million to the TFC Holders in the current calendar year.
Telecard Limited Company was incorporated in Pakistan on October 29, 1992, as a public limited company under the repealed Companies Ordinance, 1984. The Company itself and through its subsidiaries is licensed to provide fully integrated telecommunications services, including basic wireless telephony, long-distance and international services, and payphones.
