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Zong is Planning Something Big: ProPakistani |  |
- Zong is Planning Something Big
- Pakistan is Fastest Developing Market for Branchless Banking: Report
- MAXCOM Transfers Rs. 68 Million Assets to PTCL
- Nokia MakeMyApp Competition 2011 Winners Announced
| Zong is Planning Something Big Posted: 12 Oct 2011 09:00 PM PDT
We are told by sources that Zong has decided to go to the next level by singing an exclusive deal with Manchester United, one of the top football clubs in the world.
Though we are unclear about the particulars of the deal at this point of time but sources inside Zong tell us that that Zong is planning something big by the end of this month, something that has never been done before in Pakistan. It is anticipated that Zong might bring an unending loop of packages/services to use this deal with Manchester United to target millions of MANU fans in Pakistan – and probably abroad too. This is a developing story, and we will keep an eye on the situation to update you as soon as we get hold of any thing further. Update: Zong has published following ad in today's papers confirming that it has partnered with Manchester United and has become the official telecommunication partner of the football club in Pakistan. Print ad isn't revealing anything else, but as we mentioned above – it is anticipated that Zong is all set to bring in a complete line of services/products based on this deal with Manchester United. All this is scheduled to happen before the end of October 2011. Check below the print AD:
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To read more, click: Zong is Planning Something Big |
| Pakistan is Fastest Developing Market for Branchless Banking: Report Posted: 12 Oct 2011 08:59 PM PDT
With State Bank of Pakistan demoing a constructive regulatory approach for branchless banking, a number of players are now evolving to offer branchless banking in Pakistan as a viable business model, said a report published by CGAP. CGAP says that Pakistan has become one of the fastest developing markets for branchless banking in the world. According to report, SBP has issued four branchless banking licenses and is considering several others. Meanwhile government is planning to further encourage the mobile banking by planning to distribute the government payments through branchless banking. There are currently two major operators in the market with several to jump in during next couple of years.
Easypaisa, a joint venture of Tameer Microfinance and it's parent company Telenor, claims to have over half a million mobile accounts. Easypaisa claims to have processed bill payments and domestic money transfers of worth Rs. 43 billion (US$500 million), unveils the report. UBL Omni, another branchless banking service launched in April 2010, has reportedly won several contracts to disburse payments for nongovernment organizations and government schemes. UBL claims to have 5,000 agents, countrywide, disbursing payments to around 2 million recipients. New players including Mobilink, TCS, Bank Alfalah, Askari Bank and MCB are expected to enter the branchless banking market. CGAP says that next 12 months will be critical for the newly emerging branchless banking sector in Pakistan. The evolution of the sector will likely yield important lessons for the rest of the world. You can download the complete report by clicking this link. (PDF File – 120 KB) Related posts:
To read more, click: Pakistan is Fastest Developing Market for Branchless Banking: Report This posting includes an audio/video/photo media file: Download Now |
| MAXCOM Transfers Rs. 68 Million Assets to PTCL Posted: 12 Oct 2011 08:59 PM PDT
Maskatiya Communications (Pvt) Limited (MAXCOM) has transferred its assets of Rs 68 million recently to Pakistan Telecommunication Company Limited (PTCL) along with subscribers as part of agreed acquisition deal signed last year, official sources said. MAXCOM had been acquired by PTCL as an 100% owned subsidiary last year with the management control however its asset had been gradually transferred to PTCL, which concluded recently. "The net assets of MAXCOM have been transferred to PTCL at a book value amounting to Rs 68,382 thousand and the balance amount of the investment of Rs 6,144 thousand has been expensed," official sources said. MAXCOM, a broadband internet service provider in the cities of Karachi and Hyderabad and as such having less than 1% market share in Pakistan, was acquired in 2010 by PTCL – the largest broadband service provider of Pakistan through purchase of 100% shareholding of MAXCOM. Subsequent to the acquisition, it was decided by PTCL as well as MAXCOM to merge operations of both the entities in order to offer better and bundled services of voice, data and IPTV to MAXCOM customers on the same basis as are being offered to PTCL's customers. Having a subsidiary i.e. MAXCOM that operates as a separate business entity offering broadband services only, would not only result in competition between PTCL and its internet subsidiary and, as such, duplication of CAPEX and OPEX for the PTCL group, but would also cause confusion and duplication for its customers as the parent Company would be offering same services (and many more) that the subsidiary is offering on standalone basis. With the liquidation of MAXCOM and transfer of its net assets to PTCL, the MAXCOM customers, employees and infrastructure stand duly integrated in PTCL thus MAXCOM ceasing to act as an independent subsidiary of PTCL. MAXCOM management also felt that market demand for convergence of Internet with voice and video has resulted in non-viability of the standalone ISP and internet business in Pakistan but MAXCOM, which only has the internet and data license and operates as an Internet and ISP business, would therefore have a non-viable future as a separate business entity. The technical integration will provide PTCL with the opportunity to gain from said experience of MAXCOM thus helping to improve overall customer care of PTCL as MAXCOM possess high skilled customer care service through the dedicated human resource trained in this respect. Analysts said that the integration will bring value addition for PTCL group in terms of savings in CAPEX and OPEX as well as improved customer care. Related posts:
To read more, click: MAXCOM Transfers Rs. 68 Million Assets to PTCL |
| Nokia MakeMyApp Competition 2011 Winners Announced Posted: 12 Oct 2011 08:55 PM PDT
Nokia has announced the winners of its MakeMyApp competition 2011 recently. The competition winners in each category received the prize money of 400,000/- PKR in cash while a special winner bagged the prize money of 100,000/- PKR along with a Nokia E7 for a truly innovative app. The four categories for which applications could be submitted were Entertainment/ Fun & Games, Business Productivity, Easier Living and Think Green. Winners in each category are
Commenting on the MakeMyApp competition 2011 in Pakistan, Haseeb Ihtisham, Head of Marketing, Nokia Pakistan said,
Nokia’s MakeMyApp competition gave an exciting opportunity to software developers in Pakistan to submit their best work and compete for a chance to win great prizes. The winning apps will be made available in Nokia Store for everyone to download and enjoy. Entry submissions closed on 6th August 2011 and all eligible entries received were judged by the industry experts. Criteria for choosing the winner included quality and functionality; usability and creativity; uniqueness, novelty value and innovativeness; commercial viability and market potential in Pakistan; as well as Nokia platform compatibility. Related posts:
To read more, click: Nokia MakeMyApp Competition 2011 Winners Announced |
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