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Kacific and PAKSAT partner to bring affordable satellite Internet to Pakistan

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ISLAMABAD, Pakistan, March 11, 2025 /PRNewswire/ — Kacific Broadband Satellites Group (Kacific) and PAKSAT are partnering to expand high-speed, affordable satellite internet across Pakistan, where over 54% of the population lacks reliable broadband. Leveraging 11 Ka-band spot beams on the Paksat MM1 satellite, this partnership will bridge the digital divide and support the country’s growing connectivity needs. With high-throughput capacity for over 20,000 sites, the collaboration will provide essential broadband access for communities, businesses, government agencies, ISPs, and telcos, enabling mobile backhaul and backup connectivity in remote regions.

A Commitment to Nationwide Connectivity

“SUPARCO’s story is one of unwavering ambition. Since its inception, we have been driven by a vision to propel Pakistan’s journey into the cosmos,” said Muhammad Yousuf Khan, Chairman of SUPARCO. The partnership between PAKSAT and Kacific will certainly bridge the digital divide in Pakistan and will empower countless communities.

“Improving Pakistan’s connectivity will have a positive impact on the country’s economy and its communities,” said Dr Shahid Rasheed, CEO of PAKSAT. “The people of Pakistan, like those of other developed countries, can expect to enjoy fast, affordable internet wherever they live and work. That’s a goal that PAKSAT is striving to achieve day and night.”

“With this partnership, Kacific is making a long-term investment in Pakistan’s digital future,” said Christian Patouraux, CEO of Kacific. “We’re expanding ISP partnerships, training KAD installers, and deploying essential infrastructure to meet the country’s growing connectivity needs.”

Urgent Connectivity Challenges in Pakistan

Pakistan’s broadband demand is increasing with every passing year, yet over 131.8 million people remain offline. Fiber penetration is extremely low, with fiber-to-the-home access under 5%. Only 15% of the country’s 55,000 cell towers are fibre-connected, compared to the 40% international benchmark. Kacific’s high-speed satellite service will significantly enhance Pakistan’s mobile backhaul capabilities, bypassing infrastructure limitations at a fraction of fibre’s cost.

Unlocking the Potential of Paksat-MM1

Launched in May 2024, Paksat-MM1 delivers 99% availability with seamless nationwide coverage. Gateway beams over Lahore, Karachi, and Islamabad provide real-time monitored connectivity, backed by 24/7 support from Kacific’s Singapore Operations Center.

Following the launch of Paksat-MM1, Prime Minister Shehbaz Sharif called it a “momentous occasion,” highlighting its role in revolutionizing Pakistan’s digital landscape. Minister of State for IT & Telecom, Shaza Fatima Khawaja, reaffirmed the government’s commitment to digital inclusion, emphasizing the satellite’s potential to enhance connectivity, especially in remote areas.

Strategic Partnerships Driving Pakistan’s Digital Transformation

Kacific is working alongside strategic partners to ensure reliable, cost-effective connectivity:

Paksat International (Pvt) Limited (PAKSAT): The private limited company markets the satellite capacity of National Communication Satellites, including PakSat-MM1, a high-power multi-mission satellite which provides communication services in Ka, Ku, C and other bands.SUPARCO (Pakistan’s Space & Upper Atmosphere Research Commission): Pakistan’s national space agency, ensuring seamless satellite operations.

Complementing our strategic partners, Kacific brings a proven, scalable broadband model, delivering high-speed connectivity across 25 countries. With experience in large-scale VSAT deployment, rural network infrastructure, and disaster response, Kacific has connected over 500,000 users. Kacific also provides end-to-end support, from satellite payload operations to network management, ensuring seamless and affordable broadband expansion in Pakistan.

Scalable, Affordable Internet for Pakistan

Kacific introduces its Gigstarter plans, which offer unlimited data and easy, low-cost installation for both residential and business users. Kacific will offer three plans for the consumer market: an entry-level 30/20 Mbps plan and two with higher speeds and bigger priority data quotas: 60/20 and 100/20 Mbps. These plans are billed per site monthly, providing cost-effective solutions for diverse connectivity needs. Kacific will sell the services in Pakistan via Operators registered with the regulatory bodies. In addition, Kacific intends to train and certify hundreds of Kacific Authorized Distributors to install, resell, and maintain sites across Pakistan, fostering community engagement and economic growth.

A New Era of Digital Empowerment for Pakistan

By combining Kacific’s global expertise with PAKSAT’s national assets, this partnership is set to transform Pakistan’s digital landscape. It will empower communities, drive innovation, and unlock new economic opportunities, ensuring that even the most remote regions can thrive in the digital age.

About Kacific 

Founded in 2013, Kacific Broadband Satellites Group is a next-generation satellite operator providing access to affordable, reliable, high-speed broadband services across Asia and the Pacific. Kacific uses advanced Ka-band space and ground communications technologies to provide innovative services to governments, businesses, and communities. Today, as one of the largest Ka-band satellite operators in Asia-Pacific, Kacific fosters greater internet usage, fuels economic growth, supports disaster management and control, and improves the delivery of other critical services.

Kacific1, which was launched back in 2019, connects underserved areas in 25 countries in the Asia-Pacific region. Kacific is an award-winning company, recognized with many awards, including the Gold Stevie® Award for Excellence in Innovation in Technology Industries (Asia-Pacific Stevie Awards, 2024), Connecting the Unconnected (Global Telecoms Awards 2022), Outstanding Satellite Company (PCT Awards, 2022 and 2024).

Kacific is headquartered in Singapore and employs over 100 staff globally. For more information, visit www.kacific.com or follow us on Facebook, LinkedIn, Twitter or YouTube

About PAKSAT

PAKSAT International (Pvt) Limited was established in 2004 to market the satellite capacity of National Communication Satellites. PAKSAT offers commercial satellite capacity and managed services via its high-power satellites, Paksat-1R and Paksat-MM1, located at 38° & 38.2° East. These satellites support a range of services across C, Ku, Ka, and L bands, catering to customers in South Asia, the Middle East, Europe, Africa, and Central Asia.

PAKSAT has grown rapidly since its foundation, with significant milestones, including the launch of PAKSAT-1R in 2011, followed by the advanced PAKSAT-MM1 in May 2024. PAKSAT-MM1 marks a major step in satellite technology, further expanding broadcasting capabilities by distributing over 120 TV channels. PAKSAT’s innovative approach in the digital era supports the vision of Digital Pakistan, bridging the gap between urban and rural areas through reliable satellite links.

With a focus on long-term partnerships, PAKSAT delivers tailored, cost-effective solutions that add real value, making it a trusted partner for TV broadcasters, cellular operators, internet service providers, and government organizations across four continents. Its commitment to excellence and continuous innovation remains at the heart of its success in the evolving communications landscape.

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SOURCE Kacific Broadband Satellites

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VibeBeats Launches AI-Powered Music Streaming Service for Businesses globally

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Vibebeats AI gives cafés, gyms, retailers, bars and hotels fully licensed, AI-curated streaming music for business from any phone, tablet or browser — no hardware, no lock-in contracts, no licensing paperwork — from A$29 a month with a 7-day free trial.

BRISBANE, Australia, July 24, 2026 /PRNewswire-PRWeb/ — VibeBeats Launches AI-Powered Music Streaming Service for Businesses globally

VibeBeats gives venues fully licensed, AI-curated Music at a fraction of the cost — one app, one licence, one platform.

Vibebeats AI gives cafés, gyms, retailers, bars and hotels fully licensed, AI-curated streaming music for business from any phone, tablet or browser — no hardware, no lock-in contracts, no licensing paperwork — from A$29 a month with a 7-day free trial.

Most venues playing music through consumer apps are doing it on the wrong licence. VibeBeats, an Australian-built, AI-powered streaming music for business platform, has launched across Australia and worldwide to fix that — turning any phone, tablet or browser into a fully licensed venue sound system in under five minutes. One agreement covers commercial performance rights across OneMusic and APRA AMCOS in Australia, and ASCAP, BMI, PRS and other rights bodies internationally — the same platform serving a café in Melbourne or a gym in London.

The “Spotify for business” that actually exists

Every month, thousands of venue owners worldwide search for “Spotify for business” — a product that doesn’t exist. Consumer streaming accounts are licensed for personal use only, leaving businesses that play them exposed under copyright law in Australia and virtually every other market. VibeBeats fills that gap: a business music streaming service where the commercial music rights are handled under one agreement — no separate music licence for business paperwork to manage.

“The number one thing we see is venue owners assuming it’s fine to play their personal Spotify account in the café — most don’t realise a licence fee even applies,” said Damien King, founder of VibeBeats. “It’s not bad intent. Licensing is complex, and when you’re running a small business there are a hundred competing priorities. VibeBeats solves it with one app, one licence, one platform.”

What VibeBeats delivers

Fully Licensed for Commercial Use — one agreement covers the rights that would otherwise involve OneMusic, APRA AMCOS, ASCAP, BMI, PRS and more.No Hardware Required — any phone, tablet or browser becomes the venue sound system — set up in under five minutes.AI-Curated Background Music for Business — stations matched to venue type and time of day, from morning coffee trade to peak gym floor to late-night bar.Smart Scheduling — playlists by daypart, with music that keeps running through connection drops.Multi-Venue Dashboard — manage every location from a single account.Simple Pricing — from A$29 per month per venue with a 7-day free trial — no lock-in contracts.

Pricing and availability

VibeBeats is available now from $29AUD/$20US per month per venue, and globally, with a 7-day free trial at vibebeats.ai. Purpose-built stations are available for cafés, gyms, retail and in-store environments, bars and hotels.

About VibeBeats

VibeBeats is an AI-powered commercial music streaming platform for businesses, offering direct-licensed music for cafés, restaurants, bars, retail stores, gyms and hotels. One agreement covers commercial performance rights that would otherwise involve PROs, OneMusic, APRA AMCOS, ASCAP, BMI, PRS and more. Australian-built and available globally, VibeBeats AI streams to any device with no proprietary hardware required. Learn more at vibebeats.ai.

VibeBeats is not affiliated with Spotify.

Media Contact

Damien King, Vibebeats AI, 61 0408009067, hello@vibebeats.ai, https://vibebeats.ai

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Inside information: Valmet initiates a strategic review to evaluate a potential separation of its two segments

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Valmet Oyj’s stock exchange release (inside information) on July 24, 2026 at 9.01a.m. EEST 

ESPOO, Finland, July 24, 2026 /PRNewswire/ — The Board of Directors of Valmet Oyj (“Valmet” or the “Company”) has decided to initiate a strategic review to evaluate a potential separation of its two core businesses, Biomaterial Solutions and Services, and Process Performance Solutions, into two standalone publicly listed companies. The review will focus on assessing whether a separation of the two businesses and their operation as separately listed companies on Nasdaq Helsinki would create additional value for shareholders compared with the current combined structure.

Both Valmet’s core businesses report as separate segments and they have grown into large, mostly independent profitable businesses, each with strong market positions and scale that allow them to succeed independently. With the recent completion of the Severn acquisition taking Process Performance Solutions to approximately EUR 1.7 billion in annual net sales and the renewed operating model now firmly in place, the Board believes this is the right time to assess whether a separation would unlock shareholder value by enabling each business to better realise its full potential.

The Board also notes that the two core businesses operate relatively independently as they serve mainly different customer industries, exhibit distinct business drivers, and have different capital allocation profiles. Biomaterial Solutions and Services is a global technology and lifecycle services business focused on the pulp, board, paper, tissue and energy industries, where its competitive advantage is anchored in a vast installed base, advanced technology, global presence, strong customer references and global services penetration. Process Performance Solutions is a mission-critical automation and flow control business serving a diversified set of industries. Over the past decade, it has evolved from a business primarily focused on pulp and paper into a diversified industrial platform, with close to 70 percent of net sales generated from other industries today.

Based on the Board’s initial assessment, a separation would allow each business to pursue sustainable profitable growth opportunities more independently and efficiently, with the potential for sharper management focus, greater agility, more tailored capital allocation, and more flexible access to external capital to support both organic and inorganic growth. The Board will also assess whether, if implemented, a separation would improve transparency, simplify governance, and allow capital markets to better recognize the full value of both businesses.

Pekka Vauramo, Chair of the Board, said:
“The Board continuously evaluates how to create the greatest long-term value for Valmet’s shareholders. Today, Valmet consists of two strong businesses with distinct markets, growth opportunities and capital allocation needs. Through this review, we will assess whether they can create more value as independent companies than they can together. We will only proceed with a separation if we conclude after detailed analysis that separation is clearly in the best interests of our shareholders.” 

Thomas Hinnerskov, President and CEO of Valmet, said:
“Both of our businesses are well positioned, with strong customer relationships and market positions, as well as talented employees. The review reflects the strength and maturity of both businesses, which we have built through strong execution, organic growth and strategic investments into sizeable and successful operations with the scale, capabilities and opportunities to create further value both together and, potentially, as independent companies. This review does not change our commitment to our customers or our strategy. It is a priority for us to preserve the strength of our full offering and the value our customers gain from services, automation and technology working together. Throughout the process, our focus remains on serving our customers and delivering value for their success.”

Although the strategic review has been initiated, there is no guarantee that the review will result in any transaction, including a separation. The Board will only execute or recommend changes to the Group’s structure if clear evidence of enhanced shareholder value creation can be attained. Valmet will provide an update on the review latest in connection with the publication of its full-year 2026 results.

Further information, please contact:

For investors: Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020

For media: Valmet Communications, media@valmet.com

VALMET

Katri Hokkanen
CFO

Pekka Rouhiainen
VP, Investor Relations

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.valmet.com

Valmet is a global technology leader in serving process industries. We work with our customers throughout the lifecycle, delivering cutting-edge technologies and services, as well as mission-critical automation and flow control solutions. Backed by more than 225 years of industrial experience and a global team of 18,500 professionals close to customers, we are uniquely positioned to transform industries toward a regenerative tomorrow.

In 2025, Valmet’s net sales totaled approximately EUR 5.2 billion. Our head office is in Espoo, Finland, and we have experts in approximately 40 countries around the world. Valmet’s shares are listed on Nasdaq Helsinki.

Follow us on valmet.com | X | LinkedIn | Facebook | YouTube | Instagram |

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Securitas AB Interim Report Q2 2026 | January-June

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STOCKHOLM, July 24, 2026 /PRNewswire/ — 

APRIL–JUNE 2026

Total sales MSEK 37 843 (38 564)Organic sales growth 0 percent (5)Adjusted organic sales growth, 3 percent*Real sales growth within technology and solutions 5 percent (4)Operating income before amortization MSEK 2 824 (2 798)Operating margin 7.5 percent (7.3)Adjusted operating margin, 7.6 percent (7.5)*Items affecting comparability (IAC) MSEK –46 (–166) Earnings per share, SEK 2.88 (2.56)Earnings per share before IAC, SEK 2.94 (2.79)Cash flow from operating activities 87 percent (106)

JANUARY–JUNE 2026

Total sales MSEK 74 054 (78 170)Organic sales growth 0 percent (4)Adjusted organic sales growth, 2 ­percent*Real sales growth within technology and solutions 4 percent (5)Operating income before amortization MSEK 5 283 (5 323)Operating margin 7.1 percent (6.8)Adjusted operating margin, 7.3 ­percent (7.1)*Items affecting comparability (IAC) MSEK 138 (–243) whereof MSEK 213 (–5) related to divestitures Earnings per share, SEK 5.68 (4.86)Earnings per share before IAC, SEK 5.40 (5.15)Cash flow from operating activities 65 percent (56)Net debt/EBITDA ratio 2.2 (2.4) 

*A new key ratio, operating margin adjusted for the government business within SCIS in the process of being closed down, was added as of the second quarter 2025. A new key ratio, organic sales growth adjusted for the same business, was added as of the third quarter 2025. Refer to note 5 for further information.

Comments from the President and CEO

“Continued profitability improvement”

Organic sales growth in the second quarter, adjusted for the close-down of the SCIS government business, was 3 percent. Organic sales growth in North America was supported by both the Guarding and Technology business units, while active portfolio management had a hampering effect on organic sales growth in Europe. 

Real sales growth in technology and solutions reached 5 percent in the second quarter, supported by good performance in Technology in North America. Commercial activity remained healthy in the global technology business with strong growth in installation order intake and backlog.

We execute on our strategy with the share of technology and solutions increasing across all segments but we are not fully satisfied with the overall growth. We have built a strong and differentiated technology-led offering and we are intensifying our efforts to commercialize the capabilities we have built.

We delivered an improved adjusted operating margin in the second quarter, reaching 7.6 percent (7.5), driven by both the technology and solutions and the security services business lines. Operating income increased 3 percent and earnings per share 7 percent. For the first six months earnings per share increased 11 percent.

Cash generation was good, cor­re­spond­ing to 87 percent (106) of oper­at­ing income in the quarter, and 65 per­cent (56) for the first six months of the year. The net debt to EBITDA ratio was 2.2 (2.4).

THE TRUSTED PARTNER IN INTELLIGENCE-LED SECURITY

Our recently announced 2030 strategy positions Securitas as the trusted partner in intelligence-led security, combining global presence and deep security expertise with advanced data, analytics and technology. By leveraging actionable risk intelligence and a more consultative approach, we aim to move further up the value chain, delivering proactive, insight-driven security and strengthening our role as a strategic advisor to clients. In an increasingly complex risk environment, growing demand for professional security ­ser­vices supports our continued growth and competitive position.

The close-down of the SCIS govern­ment business is progressing accord­ing to plan and is expected to be concluded by year-end. As no further activities remain, the strategic as­sess­­­ment program was concluded in the second quarter of 2026.

The shift toward technology and solutions continues to drive prof­itabil­ity improvements. We are also strength­en­ing the performance of our security services business and, as of the second quarter of 2026, have completed portfolio management actions related to underperforming contracts in Europe. Going forward, portfolio optimization will continue as part of normal business operations, with a sustained focus on contract profitability.

CREATING LONG-TERM SHAREHOLDER VALUE

In conjunction with the launch of our strategy, we have updated the Group’s financial targets for the period through 2030. The revised targets include a new headline target of achieving 10 percent average annual earnings per share growth over a business cycle, alongside targets for cash flow, leverage and dividend policy. With a strong focus on quality and innovation, we are accelerating our transformation and remain confident in our ability to deliver sustainable earnings growth and create long-term shareholder value.

Magnus Ahlqvist
President and CEO

PRESENTATION OF THE INTERIM REPORT

Analysts and media are invited to participate in a telephone ­conference on July 24, 2026, at 9.30 a.m. (CEST) where President and CEO Magnus Ahlqvist and CFO Matteo Dall’Ora will present the report and answer questions. The ­telephone conference will also be audio cast live via Securitas’ website www.securitas.com

To follow the audio cast of the telephone conference via the web, please follow the link
www.securitas.com/en/investors/financial-reports-and-presentations/

A recorded version of the audio cast will be available at www.securitas.com/en/investors/financial-reports-and-presentations/
after the ­telephone conference.

For further information, please contact:
Micaela Sjökvist, Vice President, Investor Relations +46 76 116 7443

ABOUT SECURITAS

Securitas is a world-leading safety and security solutions partner that helps make your world a safer place. Nine decades of deep experience means we see what others miss. By leveraging technology in partnership with our clients, ­combined with an innovative, holistic approach, we’re transforming the security ­industry. With approximately 322 000 employees in 44 markets, we see a ­different world and ­create sustainable value for our clients by protecting what matters most – their people and assets.

Group financial targets

Securitas has the following financial targets:

Average annual earnings per share growth of 10 percent over a business cycle, excluding items affecting comparability and adjusted for changes in exchange rates, with a >10 percent operating margin ambition long-termOperating cash flow of 80–90 percent of operating income before amortizationNet debt to EBITDA below 2.5xDividend policy of 50–60 percent of annual net income over a business cycle, with excess capital returned to shareholders once stra-tegic growth priorities are met

Securitas AB (publ.)
P.O. Box 12307, SE-102 28 Stockholm, Sweden
Visiting address:
Lindhagensplan 70
Telephone: +46 10 470 30 00
Corporate registration number: 556302-7241

www.securitas.com

This is information that Securitas AB is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above,
at 8.00 a.m. (CEST) on Friday, July 24, 2026.

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