Showing posts with label PTCL. Show all posts
Showing posts with label PTCL. Show all posts

Sunday, 30 October 2011

PTCL Wins Global HR Excellence Award 2011

Pakistan Telecommunications Company Limited (PTCL) has won the prestigious “2nd Global HR Excellence Award 2011” in recognition of its outstanding organizational performance in the telecom sector.
“This award is an acknowledgement of PTCL’s pioneering efforts undertaken to transform our HR policies and practices,” said PTCL Senior Executive Vice President Human Resource, Syed Mazhar Hussain on the occasion.
“We have won this award because of the tireless efforts of our HR team, which has demonstrated exceptional commitment towards elevating PTCL to new heights of success by overcoming atypical challenges”, he added.
Proffered by Global Media Links and Business Milestones, the Global HR Excellence Awards recognize leading organizations that have achieved excellence in the sphere of Human Resource and Organizational Development.
In the post-privatization period, PTCL’s organizational transformation has been spearheaded by the company’s HR Department, which has played an instrumental role in creating a new momentum and infusing vigor within the organization to bring about a paradigm shift in its organizational culture.
“The Global Excellence Award has increased PTCL’s visibility on Pakistan’s corporate horizon and enhanced its image vis-à-vis our employer branding,” said PTCL SEVP, Syed Mazhar Hussain.
The Award’s judges unanimously selected PTCL for this year’s honor in view of the fast-paced progression of its HR Department, and its exceptional achievements in successfully leading the company’s massive post-privatization transition by introducing HR best practices in a very short period of time.
“Starting with a major rationalization of headcount to introducing a merit culture whereby performance determines the annual salary increments to the employees, our HR department has been at the forefront of our organizational change,” said PTCL Executive Vice President Organizational Development, Shahzad Safdar Khan. “We now place a strong emphasis on the development of our human capital by providing them with numerous learning opportunities that are in sync with our corporate objectives.”
In recent years, PTCL has firmly established its reputation for redefining and realigning the industrial relations paradigm. In line with contemporary business requirements, it has led organizational development and employee welfare by successfully creating a win-win situation, both for the employees and the organization, to emerge as an employer of choice.

PTCL Hints a Celco Buyout

Mr. Walid Irshaid, Chief Executive Office of PTCL has urged a cellular buyout from local market to handle falling margins in a competitive market with devolving tariffs.
“I don’t rule out an acquisition,” Chief Executive Officer Walid Irshaid said in an interview to Bloomberg. “We are not selling, we are buying.”
Mr. Irshaid was quoted as saying:
Pakistan cellular rates are the cheapest in the world. This can’t continue. This market has to consolidate, otherwise this will be a losing proposition for every operator.
This is not the first time that Mr. Irshaid has advocated consolidation in Pakistani market. He had expressed similar thoughts back in 2009 in a conference in Singapore when PTCL was in reported for being in talks with Warid for a buyout. However deal didn’t go through.
But its a difference time now – and appears that consolidation moves are pretty much over, particularly after Warid officially announced not to go for a merger/sellout.
However a lucrative business proposition can change investors mind at any given time. We aren’t aware of any such situation so far – but we will keep an eye to update you if and when any such thing happens.