Karachi, Worldcall Telecom Limitedinformed Pakistan Stock Exchange that honorable Court has been pleased to grant stay order in favor of the Company and has restrained the defendants from placing the name of the Company in the Defaulter’s Segment with effect from January 30, 2018.
Worldcall Telecom Limited is a public limited company incorporated in Pakistan on March 15, 2001. The foundations of the company are laid under the Companies Ordinance, 1984. The company commenced its operations on December 1, 2004 and is engaged in providing Wireless Local Loop and Long Distance & International services in Pakistan, operation and maintenance of public pay phones network and re-broadcasting international/ national satellite/terrestrial wireless and cable television and radio signals as well as interactive communication and to establish, maintain and operate the licensed telephony services. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.
The company has been licensed by Pakistan Telecommunication Authority and Pakistan Electronic Media Regulatory Authority for these purposes. Worldcall Telecommunications Lanka Private Limited is the subsidiary company and was incorporated in Sri Lanka as a joint venture with Hayleys Group to operate payphones. Worldcall Telecom Limited holds 70.65% of voting securities in the subsidiary.
The symbol “WTL” is being used by the stock exchanges for the shares of Worldcall Telecom Limited.