Business Review (cont'd.)

Pakistan

MULTiNET PAKisTAN (PRiVATE) LiMiTEd

first company to introduce metro Ethernet in major cities of Pakistan

The

The first independent Long distance and international operator

to operate in all 14 telecom regions of Pakistan with self owned fibre

first to launch a 5000 km long nationwide fibre

The

connectivity project

ABOUT MULTINET

Multinet offers a wide range of non-mobile

wherever and whenever it is needed. it is committed

telecommunications services with its focus on Business

towards opening the world of technology and global

to Business (B2B) segment of the market. Multinet, a

connectivity by offering services such as high speed

facility based operator with a 100.0% digital Fibre Optic

data, internet, video transmission and other broadband

network spread across Pakistan, supports fibre-optic

applications, enriching connectivity standards and making

connectivity, Long distance international (Ldi)

Pakistan a part of the global village.

originations/terminations, and co-location services. it is

committed to developing innovative managed services

FINANCIAL PERFORMANCE

solutions domestically and globally to meet the needs of

For the financial year ended 31 december 2008, the

its Carrier and Enterprise business partners.

company delivered a significant increase in total

revenue to PKR588.5 million compared to PKR345.5

Multinet has recently launched its iP-VPN service based

million in 2007, a yoy increase of over 70.0%. yoy

on MPLs technology and state-of-the-art collocation

EBiTdA saw an increase to PKR40.0 million in 2008

and disaster Recovery centres.

from negative EBiTdA of PKR13.5 million recorded in

2007. Multinet further achieved the milestone of

Today, Multinet has successfully built clientele which

recording profitability for the first time in 2008 of

includes some of the largest global carriers as well as the

PKR0.9 million. in the previous year, the company

top 200 enterprises operating in Pakistan. Multinet's

recorded a loss of PKR36.6 million.

array of services enable real-time information exchange

Axiata Group Berhad

Annual Report 2008

126

(formerly known as TM international Berhad)