Worldcall Services Limited (WSL), the parent company of Worldcall Telecom Limited (WTL), has reached a significant milestone in its NASDAQ listing journey through a US entity, as confirmed in the latest filing by WTL on the Pakistan Stock Exchange (PSX).
The regulatory review of WSL’s Registration Statement and Financial Statements has been successfully completed, with no additional requirements or conditions imposed by the authorities. The company has received formal notification of this achievement.
In a statement, WSL expressed its expectation that the listing process will conclude shortly. It’s important to note that this development is part of WTL’s ongoing efforts, spanning over a year, to secure a listing on NASDAQ.
WorldCall Telecom Limited, founded by Salman Taseer in 1996, started as a payphone operator. In 2008, it became a subsidiary of the Omani company Omantel through an undisclosed acquisition. It has since expanded its services to include Cable Broadband, Wireless Broadband, Cable TV, Video on Demand, LDI services, fiber optic network, and wireless local loop telephony.
Can you explain the recent milestone achieved by Worldcall Services Limited (WSL) in connection with its listing on NASDAQ, and how the regulatory review process impacted this milestone?