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The second was the launching of UFone as a government owned mobile phone company that competitive call rates that led to strong market competition. The impact of these two measures has been the expansion of mobile telephony from 0.3 million mobile phones in 2001 to 160 million mobile phones in 2018. [6]
In 2017, Ufone was the only company in the Pakistani telecommunications market that did not have 4G data services. It launched 4G in August 2019. [3] In 2019, PTCL and Ufone were merging a number of their departments. [6] Rashid Khan, president and CEO of both Ufone and PTCL, died in December 2020. [7]
PTCL launched its mobile and data services subsidiaries in 2001 by the name of Ufone and PakNet respectively. None of the brands made it to the top slots in the respective competitions. Lately, however, Ufone had increased its market share in the cellular sector. The PakNet brand has effectively dissolved over a period of time.
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A SIM swap scam (also known as port-out scam, SIM splitting, [1] simjacking, and SIM swapping) [2] is a type of account takeover fraud that generally targets a weakness in two-factor authentication and two-step verification in which the second factor or step is a text message (SMS) or call placed to a mobile telephone.