Broadband Firm Achieves Landmark in Karachi

NetSol Technologies, Inc. announced that its majority-owned subsidiary, NetSol-Akhter has expanded it corporate client list to fifty companies located in Karachi, Pakistan. These corporate clients include Reuters Ltd., Fuji Films, the Textile Institute of Pakistan, Sigma Motors Ltd. (Land Rover) and the Institute of Business Management and Technology. The rollout of the company’s broadband services to Pakistan’s financial and industrial centers is underway.

In addition, NetSol-Akhter is expected to generate approximately $20 million in revenue over the next four years from its recently awarded five regional local loop licenses. The licenses will allow NetSol-Akhter to provide voice, data and other integrated services to the retail and corporate sectors in the five largest regions of Pakistan. These regions represent more than 80 percent of Pakistan’s corporate sector and 25 percent of Pakistan’s approximately 142 million population…