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Peter Drucker, 1909-2005

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SC Media Centre - StromFiber

StormFiber's Triple Play Services Now Available in Hyderabad

Karachi: July 13, 2018 - StormFiber strikes twice in a week, launching its services in Hyderabad after Multan, bringing its tally of cities to six. The announcement was made at an event hosted in the city, making its Triple Play (Internet, TV and Phone) services available in Hyderabad. StormFiber is already an established market leader in four major Pakistani cities, Karachi, Lahore, Faisalabad and Peshawar. Launching their Fiber To The Home (FTTH) services in Hyderabad after Multan represents a key milestone in StormFiber's strategic expansion throughout Pakistan. In the first phase of its foray into Hyderabad, StormFiber will cover Qasimabad, Latifabad, Defence, Civil Lines, Muslim society, GOR colony with plans to expand in other major areas of the city. The second largest city of Sindh, Hyderabad is a historical city home to a suite of businesses and a burgeoning middle class, representing a rich demand for reliable internet that only a gigabit network such as StormFiber can deliver.

Ultra-fast and stable broadband service is an important catalyst for economic development in the modern era. To further these national interests, StormFiber aims to deliver consistent internet services on FTTH infrastructure, along with HD television and crystal-clear voice services. Access to one of Pakistan's most robust fiber optic networks will help put Hyderabad on the map at par with global metropolitan cities.

Chief Guest Prof. Dr. Tauha Hussain Ali, Pro-Vice Chancellor, Mehran University of Engineering & Technology, Jamshoro pointed out that: "In terms of the future, an optical fiber based fixed-line broadband is an opportunity since it offers hundreds of megabits per second of data speeds and will ultimately allow StormFiber to offer smart home solutions besides also creating value for small merchants."

Speaking at the event, Mr. Fawad Yousuf Laher, Managing Director, StormFiber said: "StormFiber has created a reliable platform for high speed internet services which will delight its users and empower them for swift multi-tasking and high-performance in their professional and social endeavors. The idea is to create an enabling environment for the citizens of our country, ultimately contributing to the economic development of our nation"

Industry insiders claim that StormFiber's FTTH services have been well-received during its soft launch in the city. The company seems focused on its ambitious plan to bring fiber broadband and triple play service to large sections of Pakistan's population including difficult to reach areas of the country that possess the ability to develop unencumbered in the digital space. The company has deployed its fiber technology backbones throughout the country and has plans to provide high-speed services in the following additional cities including Islamabad, Rawalpindi, Gujranwala, Sargodha, Sialkot, and Quetta among others.

StormFiber Multan Launch

Karachi: July 9, 2018 - StormFiber, a Pakistani fiber broadband service provider, expands its triple play (TV, Telephone and Internet) service to Multan. Well-established in four major Pakistani cities, Karachi, Lahore, Faisalabad and Peshawar, StormFiber has set its sights on expanding its footprint across the country. StormFiber celebrated its foray into Multan, the fifth largest city of Pakistan, at an event organized at a local hotel on July 9th, 2018.

Multan, is the most prosperous city in the Southern part of Punjab and is home to numerous entrepreneurial ventures as well as industries. The city has a promising pool of local talent from universities such as MNS University of Agriculture, Bahauddin Zakariya University and NFC Institute of Engineering & Technology, that have helped put Multan on the fast track of development. The introduction of fiber-based gigabit internet connectivity of StormFiber (backed by Cybernet) will help Multan bridge the digital infrastructure gap and bring it on par with global metropolitan cities. Ultra-fast and stable broadband service is an important catalyst for economic development in the modern era. To further these national interests, StormFiber aims to deliver consistent internet services on FTTH infrastructure, along with HD television and crystal-clear voice services.

Echoing the same sentiment, Chief Guest Prof. Dr. Asif Ali, Vice Chancellor, University of Agriculture Multan stated at the event that: "StormFiber has taken Pakistan by storm. It is fulfilling one of the basic requirements for economic development - a digital transformation that will propel Pakistan towards a prosperous future."

Speaking at the event, Mr. Danish Lakhani, CEO StormFiber said: "One of the primary impediments in increasing penetration of fiber broadband has been the high cost of bringing optical fiber to every home. Stepping up to the plate, our investors who are local Pakistanis have always taken a long-term view of projects and avoided those with purely short-term gain. Encouraged by our shareholders, Cybernet's management team, set out nearly a decade ago with a vision to bring highly stable, ultra-fast broadband which is only possible today through fiber optics, to the far reaches of Pakistan-- so that citizens of this great nation -- be they in Quetta, Lahore, Peshawar or Karachi -- can experience the same standard of internet access as residents in London, New York or Beijing. In his speech, Mr Lakhani highlighted the immense impact of increased fiber broadband penetration on the GDP of countries. While excited and grateful for having the opportunity to serve the people of Multan, the CEO stated that the project was not without its challenges. He added "We are a completely apolitical organization. Speaking purely as investors and for a company that is a direct contributor to the exchequer in terms of taxes, PTA, USF and APC fees, we regret the unsupportive stance of MOITT and the PTA under the previous regime. Sadly, many government bodies and institutions under the previous regime had forgotten that they are funded by tax payers and licensees and their primary job is to listen to and help resolve issues related to telecom and encourage investment to benefit the people."

Mr. Lakhani stated that as a Pakistani he is still optimistic and believes that whoever wins the next election will recognize the importance of IT and fixed broadband and will - it is hoped -- appoint competent Ministers with first-hand knowledge of telecom and will resolve right of way issues and rationalize taxes that stand at a whopping 32% of every household broadband subscription (not including duties and taxes at the import stage). Compare this to the United States where the Permanent Internet Tax Freedom act is now a law which specifically prohibits tax on broadband services for all times to come. He concluded by stating that Cybernet believes that a robust fiber based broadband network is of equal importance to a robust transportation network. "We hope the next government realizes the importance of both types of infrastructure - highways for transport and highways for information technology - and both are equally important to develop the economy; in fact, the broadband infrastructure highway if given the same regulatory and ministerial support is faster to deploy. A better-connected Pakistan translates to increased GDP, increases in overall tax collection, improvement in the standard of living, and empowers vital facilities such as education, entrepreneurship and digital exports including software related outsourcing - a potentially massive avenue to alleviate the balance of payments crisis being experienced by our country today. "

StormFiber has entered Multan by offering its services in the following important areas initially with the intention to extend its reach into other parts of the city soon. - Gulgasht - Zakariya Town - Bosan Road - Shalimar - Sabzazar - Wapda Town

According to sources, its FTTH services have been well-received during its soft launch in the city. If insiders are to be believed, the company is well into its ambitious vision to bring fiber broadband and triple play service to large sections of the Pakistani population and to the far reaches of the country so that these areas can also develop digitally. The company has deployed its backbones in and plans to roll out its high-speed service in the following additional cities including Islamabad, Rawalpindi, Gujranwala, Hyderabad, Sargodha, Sialkot, Quetta and many others.