BIG NEWS: US Company, Elko Broadband keen to invest in World Telecom Limited

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Elko Broadband Inc. is telecom holding company of an Oil and Mining conglomerate with extensive operations in Oil and Gas production and transmission along with mining concession in USA and Pakistan.

Beyond its Cable and Media holding in USA, Elko is making strategic acquisitions targeting huge opportunity in FTTH and content transmission segments in Pakistan.
One of the directors in ELKO Mr James Gibbsons is ex governor of Nevada

Elko has already made an offer to Wateen Telecom for acquisition of its Pakistan operations (deal did not go through)for a total consideration of around USD 170 million including settlement of institutional debt.

Elko has made Public Announcement of Intention to acquire 51% along with Management Control of Worldcall Telecom Limited. In first phase Elko plans to invest more thanUSD 50 million in Worldcall fiber and media assets to make it the market leader in FTTH and media operations in Pakistan reaching nearly 1 million subscribers on FTTH.

Elko Broadband Inc is being listed on NASDAQ consolidating its Telecom holdings in USA and Pakistan and has already initiated the regulatory processes for the same.

As part of its investment strategy for Worldcall, Elko broadband Inc. also plans to invest heavily in fiber optic infrastructure of the company to establish a service delivery platform targeting 5G Operations in line with the 5G license award planned by GoP.

Worldcall Telecom Limited is a premium Cable TV operator along with significant telecom operations in LDI and fiber optic / broadband segment across Pakistan.

Worldcall Snapshot
Total Assets – PKR 16 billion
Equity – PKR 3.5 billion
Breakup value – PKR 1.8 per share

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