WorldCall Telecom Reorganizes for Global Growth and Tech Investment

WorldCall Telecom Limited (WTL), a leading Pakistani telecom provider, has taken a major step towards international expansion and technological innovation. WorldCall Telecom reorganizes for global growth and tech investment. This move comes with the official launch of their associated company, Global Tech Corporation (GTC), which began trading under the name GLTK.

This launch marks the completion of a comprehensive reorganization plan for WTL. WorldCall Services (Pvt) Limited (WSL), a subsidiary of WTL, played a key role in facilitating this transition. WSL and Ferret Consulting F.Z.C., the existing majority shareholders of WTL, have consolidated their holdings under the umbrella of GTC. This creates a new holding company structure for WTL.

WorldCall Telecom Reorganizes for Global Growth and Tech Investment

Importantly, this restructuring does not affect the ownership of WTL. WSL and Ferret Consulting F.Z.C. retain their shareholder status within WTL. There are no changes to their individual shareholdings or the ultimate control of WTL. WTL remains committed to transparency and will keep the Pakistan Stock Exchange (PSX) informed of any further developments related to this strategic shift. Additionally, they will ensure that TREC (Tradeable Right Entitlement Certificate) holders on the exchange are notified of these changes.

The new structure positions GTC to leverage international capital markets for fundraising. WTL’s goal is to raise between $5 million and $10 million through GTC. These funds will be used to fuel a significant technology transformation.

The focus of this transformation will be on several key initiatives. WTL plans to accelerate the rollout of Fiber-to-the-Home (FTTH) technology across Pakistan. FTTH offers significant advantages over traditional copper cable connections, providing faster and more reliable internet access for homes and businesses.

In addition to FTTH, WTL also aims to develop and launch innovative IT solutions. These solutions will cater to both domestic and international markets, expanding WTL’s reach and service offerings.

The launch of GTC and the associated reorganization plan represent a significant milestone for WorldCall Telecom. This strategic move strengthens WTL’s foundation for future growth, allowing it to invest heavily in cutting-edge technology and expand its service portfolio. With these investments, WTL is well-positioned to become a leader in Pakistan’s evolving telecom landscape and a player in the international IT market.

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