Lucky gets permission to set up assembly plant for Samsung mobile devices – Journal
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has officially authorized Samsung, a South Korean electronics giant, to start production of its mobile phone devices in the country through its local partner Lucky Motor Corporation Ltd.
The PTA on Tuesday issued a mobile device manufacturing license (MDM) to Lucky Motor for the installation of an assembly plant in Karachi for the production of Korean mobile devices.
The PTA has so far issued around 25 MDM authorizations to foreign and local companies for the production of mobile devices (2G / 3G / 4G).
Locally manufactured mobile devices will also be exported and will have a significant impact on reducing imports of mobile devices and their accessories.
“The authorization to manufacture Samsung mobile devices in Pakistan has been a historic achievement and will help further revolutionize the dynamic mobile manufacturing ecosystem in the country,” the PTA said in a statement.
Samsung’s addition to the list of companies that have established their assembly lines in the country has been welcomed by existing players, including Airlink, which manufactures major Chinese cell phone brands, including Huawei.
“Currently, almost the entire production line has been put in place by Chinese companies and the arrival of the Korean giant will give the mobile assembly manufacturing sector a significant boost,” said Muzzaffar Hayat. Piracha, CEO of Airlink.
He added that most manufacturers are currently focusing on the assembly line, but at the same time there is huge potential and investment to come in sales and marketing as well.
As the competition in the information technology and telecommunications industry continues to grow, one of the mobile device manufacturing units is poised to raise funds through the stock market.
Airlink is set to launch what would be the largest initial public offering (IPO) in the information technology and telecommunications industry and its book-building process will take place on August 30 and 31.
“We intend to generate between 5.85 billion rupees and 8 billion rupees from the IPO of the company’s shares,” said Mr. Hayat.
Posted in Dawn, le 11 August 2021