PTA Awards 20-Year Fixed Local Loop Licenses to Supernet Limited

Supernet Limited (PSX: GEMSPNL) has announced that it has been awarded Fixed Local Loop (FLL) Licenses by the Pakistan Telecommunication Authority (PTA) for a period of 20 years commencing from 22nd October 2024. The FLL licenses cover all 14 Telecom Regions across Pakistan and are superior to its previously held Class Value Added Services (CVAS) license, originally issued on 23 October 2009 and expiring on 22nd October 2024. The CVAS license has been replaced by the FLL license. The Company under the terms of its FLL Licenses will have additional rights in terms of ability to deploy its own infrastructure and provide additional services to its customers. This is likely to result in increased revenues and higher margins for the Company.