PACRA Maintains Entity Ratings of Nayatel (Private) Limited - Press Release issued by The Pakistan Credit Rating Agency Limited.

Lahore -- September 05, 2022 (PPI-OT)

Following is the text of press release issued by The Pakistan Credit Rating Agency Limited (PACRA)

Quote

The stability of Nayatel hinges on its strong business model, robust technology infrastructure, and lasting emphasis on customer services. In a technology-driven environment, reliable connectivity and quality assurance construe pivotal for customer retention. Nayatel provides connectivity to its customers through scalable and cutting-edge technology, i.e., FTTH (fiber to the home). An optical fiber as a medium is superior to the other alternatives to provide ultra-broadband, high-definition cable TV, and allied services. With the passage of time entity has built a sound footing and reputable name in its respective niche.

The ratings take comfort from various strategic initiatives taken by the management with a vision to achieve sustainable growth in the longer horizon. Nayatel is customer-centric, it has a competitive edge in its customer service and value-added services. Stiff competition exists in the FTTH market segment where strength is primarily derived from owned and self-laid length of fiber optic cable networks. As of today, Nayatel has successfully laid off an optical fiber network footprint of 231,236 KM.

The service period is also a prerequisite for geographical penetration in the market which results in capturing market share. The company has a strong presence in Islamabad / Rawalpindi followed by Faisalabad, and Peshawar. Currently, Nayatel has set its footprint and started operations in Gujranwala, Sargodha, and Multan. The top line of the company is growing steadily over the years whereas margins and profitability have also improved. The customer base...