WorldCall puts $35m CPS in place


An equity fund of $35 million as convertible preference shares (CPS) has been put in place in WorldCall Telecom Limited, a press release from the company said on Thursday.

It will improve the company’s cash flow and assist it in further expansion and upgrading required in the business.

WorldCall’s CEO Babar Ali Syed briefed investors at the Lahore Stock Exchange about the road map and the performance of the different product segments of the company. He stated that the company’s performance is improving and that he was optimistic that this year will be a turnaround for WorldCall, according to the press release.

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