Onic
 | |
| Subsidiary | |
| ISIN | 🆔 |
| Industry | Telecommunication |
| Founded 📆 | 14 August 2023 |
| Founder 👔 | |
| Headquarters 🏙️ | Islamabad, |
Area served 🗺️ | |
Key people | Abdurrehman Butt, CFO |
| Owner | Pakistan Telecommunication Company Ltd, Etisalat |
| Members | |
Number of employees | |
| 🌐 Website | https://www.onic.pk/ |
| 📇 Address | |
| 📞 telephone | |
Onic is a Pakistani GSM cellular service provider. It started its operations in Pakistan on August 14, 2023. PTML, a wholly owned subsidiary of PTCL and the company behind Ufone, introduced Onic as a new digital product to cater to the demands of the digital market segment.[1][2] Etisalat, as the second majority shareholder of PTCL (Pakistan Telecommunication Company Limited), played a crucial role in the launch of Onic. Onic's launch followed Etisalat's transformation into e& and its shift towards being a global technology group. This change came after e& acquired a 50.03% stake in Careem's super app business for $400 million in April 2023. Furthermore, on May 24, 2023, e& formed a strategic alliance with Circles, a Singapore-based technology company. This partnership was established to assist Mobile Network Operators (MNOs) and other regional operators in introducing digital telco brands tailored to meet the preferences of the tech-savvy generation.[3][4]
Currently Abdurrehman Butt serves as the Chief Financial Officer and Bilal Sheikh as the General Manager.[5]
References
- ↑ Ali, Kalbe (2023-08-13). "Telenor CEO calls subscribers 'fake performance indicator'". DAWN.COM. Retrieved 2023-12-12.
- ↑ Obaid, Malahat. "CLARIFICATION REGARDING "ONIC" BY PTML". Pakistan Telecommunication Authority.
- ↑ Abbasi, Shahzaib (2023-09-10). "What's ONIC and can it bring Ufone back in the telco race?". Insights by Data Darbar. Retrieved 2023-12-12.
- ↑ Ali, Shahnawaz (2023-09-24). "Ufone (PTML) dabbles into unchartered territory with ONIC, but what is there to gain?". Profit by Pakistan Today. Retrieved 2023-12-13.
- ↑ Zayn (2023-07-31). "What is ONIC Pakistan? Empowering The Digital Telco Landscape? » LCCI". LCCI. Retrieved 2023-12-12.
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