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AKD Securities Equity Research - Pakistan weekly update
[June 19, 2013]

AKD Securities Equity Research - Pakistan weekly update


(Pakistan Business News Via Acquire Media NewsEdge) Telecom Sector Update Mobile subscribers in Pakistan at the end of 1QCY13 reached 122mn, depicting a YoY growth of 3.2%. Sequentially, there was an addition of 1.2mn subscribers in Mar'13, translating into a MoM growth of 1%. Telenor and Zong have been able to expand their share at the expense of others where Zong has enhanced its market share by an impressive 2.2 ppt YoY to 15.4% in Mar’13. While the cellular appears to be reaching maturity, broadband (BB) is currently in the high growth phase. In this regard, total BB subscribers in Feb’13 reached 2.52mn depicting a growth of 32%YoY/3%MoM.

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