A telecom firm of China would further be increasing its investment for 4G coverage in Pakistan and would be constructing five thousand base stations in the next three years.
The firm entered in Pakistani market many years ago, has now over thirty-one million consumers with a market share of nearly twenty-one per cent and ranks on the third position in the industry as informed by the Chief Executive Officer of CMPak—Wang Hua in an interview published by the China Daily on Saturday.
He added that their firm started with the acquisition process of Paktel in 2007. Taking over only two per cent of the market back then, it has seen development over the last years to raise its market share by a factor of ten.
Stressing upon the company’s 4G service he said that they have got more than eight million 4G users, taking seventy-five per cent of the market share.
The company was a portent to launch the 4G service in Pakistan when the government auctioned the 4G spectrum in 2014.
Regarding the future plans, Wang said that his firm’s investments in 4G would further increase and is expected that it would construct five thousand base stations in the span of the next three years.
The advanced 4G technology has also assisted in promoting the development of concerned industries. Wang said they have collaborated with the famous-ride hailing applications like Uber and Careem for facilitating with transportation to people.
Wang is full of hope that CMPak still has got good potential to develop under the support of CPEC, a significant part of China suggested Belt and Road Initiative as well the firm’s twenty-year-old experience in technology development, management and marketing.
Since its formation in Pakistan, the corporation has invested a total of $2.7 billion there.
Wang noted that CMPak is a localized firm. So far, they have got three thousand one hundred employees, out of which only twenty-four are Chinese—they account for less than one per cent of the staff.