Supernet Limited (PSX: GEMSPNL) has signed a significant contract worth over Rs800 million with a leading bank to modernize its network infrastructure and enhance branch connectivity across Pakistan. The agreement, disclosed on the Pakistan Stock Exchange (PSX), involves the deployment of advanced networking solutions across more than 1,700 branches nationwide.
Under this multi-year contract, Supernet will implement a hybrid connectivity model utilizing optical fiber, wireless, and satellite technologies. Additionally, the company will introduce cutting-edge access management solutions to strengthen security, ensure uninterrupted banking operations, and optimize data transmission efficiency.
The deal includes an option for renewal under similar terms, highlighting the bank’s trust in Supernet’s expertise. With a proven track record in IT and cybersecurity, Supernet continues to expand its role as a key technology partner, driving digital transformation in Pakistan’s financial sector.