More than a decade after the 2003-04 deregulation of Pakistan's telecom sector, Pakistan Telecommunication Company Limited (PSX: PTC) - a long-time state monopoly that is now run by private management - continues to be the largest telecom carrier in Pakistan. PTC, as PTCL Group, operates in different telephony segments, having telecom licenses for fixed local loop (FLL - landlines), wireless local loop (WLL) telephony, mobile telephony (Ufone), long distance & international (LDI) telephony, broadband services, and mobile financial services or branchless banking.