A signing ceremony was held in this connection in Karachi Rs 140 million would be public offering with Rs 300 million underwriting by UBL.

AKD Securities and Elixir Securities Pakistan are acting as co-arrangers and co-underwriters. Foreign investors have participated in the issue to the tune of Rs 560 million.

WBL is setting up a hybrid fibre co-axial (HFC) network in Karachi for providing superior quality Cable TV and high speed Internet access.

The network is capable of providing more than 80 CATV channels and Internet services simultaneously.

Project size in Karachi is 200,000 house passes. The network will comprise areas of DHA and Clifton, I.I Chundrigar Road, Saddar, Garden, Shara-e-Faisal, PECHS, SMCHS, MACHS, Bahadurabad, KDA and surrounding areas.

UBL has been a strategic partner of WorldCALL Group in its progress. UBL's Investment Banking, the largest in Pakistan, has established a strong track record of successfully and creatively providing a wide range of products and services encompassing corporate advisory and restructuring, structured finance, syndication, TFCs, mergers and acquisitions, equity placements, etc.