July 27, 2016 4:21 AM ET

Wireless Telecommunication Services

Company Overview of Telenor Pakistan Ltd.

Company Overview

Telenor Pakistan Ltd. provides mobile communications services in Pakistan. The company also offers mobile financial and Internet service. In addition, it offers 3G-enabled handsets that include the Telenor Easy 3G feature phone and the Telenor Smart 3G smartphone. The company was founded in 2005 and is based in Islamabad, Pakistan with regional offices in Karachi, Lahore, Faisalabad, Multan, Hyderabad, and Peshawar. Telenor Pakistan Ltd. operates as a subsidiary of Telenor ASA.

13-K

Moaiz Center

F-7 Markaz

Islamabad,  

Pakistan

Founded in 2005

Phone:

92 51 111 345 700

Fax:

92 51 265 1923

Key Executives for Telenor Pakistan Ltd.

Chief Executive Officer
Age: 56
Chief Financial Officer
Deputy Chief Executive Officer and Chief Marketing Officer
Chief Technology Officer
Head of Information
Compensation as of Fiscal Year 2016.

Telenor Pakistan Ltd. Key Developments

Telenor Pakistan Announces Earnings Results for the Second Quarter of 2016

Telenor Pakistan announced earnings results for the second quarter of 2016. The company posted an operating profit of NOK 616 million in the second quarter of the year, up from NOK 340 million in the year-ago period. The operator's revenues for the quarter amounted to NOK 2.141 billion, up from NOK 1.900 billion in the same period the previous year. Total revenues in local currency increased by 9%, supported by strong subscription growth, continued growth in financial services and higher incoming international traffic, parent company Telenor reported.

Mobile Embrace Limited Expands International Direct Carrier Billing into Pakistan Through Agreement with Telenor Pakistan

Mobile Embrace Limited announced that it continues to rapidly expand its international Direct Carrier Billing (DCB) operations into Pakistan through a new agreement with Telenor Pakistan. This is a significant development for MBE and represents a large market opportunity. The agreement, which has been secured through the company's global framework agreement with Telenor, brings to Telenor Pakistan's circa 38 million subscribers, mobile-optimized products and services across a range of verticals with the ability to pay with the convenience of DCB. Customer acquisition, management, and billing is being undertaken by MBE's integrated digital marketing and carrier billing infrastructure. A significant proportion of Telenor's subscriber base is in emerging markets, where DCB has more penetration given that credit card penetration is low. As such, the smartphone is becoming the principle payment method for digital products and services as DCB can be used by anyone with a mobile phone or mobile-connected tablet.

Telenor Group Names Wahab Khan as CEO of Telenor Pakistan, effective 1 August 2016

Telenor Group appointed Irfan Wahab Khan as CEO of Telenor Pakistan, with effect from 01 August 2016. Khan moves up from the position of deputy CEO and chief marketing officer (CMO) at Telenor Pakistan.

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Recent Private Companies Transactions

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