Telecom Sector earns all time high revenues in 2011

[Salman]

Telecom Sector earns all time high revenues in 2011

The revenue of telecom operators in Pakistan swelled to an all-time high of Rs363 billion in 2011, registering a boost of 5.4% compared to the previous year, according to a report published by the Pakistan Telecom Authority.

During the fiscal year 2011, cellular revenues went up by 11% to reach Rs262,761 million in comparison to Rs236,047 million in 2010.

The telecom sector also made its highest ever contribution to the national exchequer in 2011, as approximately Rs117 billion were deposited by telecom companies and the PTA with a growth of 7%.

During the past six years, telecom companies have deposited over Rs100 billion per year on average to the national exchequer, with a total of Rs627 billion.

The cellular mobile sector also proved to be the lead contributor as the telecom sector invested a total of $495.8 million in the fiscal year.