May 04, 2026 (MLN): Zuma Resources Limited (PSX: ZUMA)has struck a three-year Global Connectivity Agreement with US-based Telna North America Inc., marking a strategic shift toward international telecom services and digital connectivity.

According to a filed with the Pakistan Stock Exchange on Monday, Telna will provide access to its multi-IMSI global infrastructure, enabling Zuma to offer eSIM-based mobile data, voice, SMS, and international roaming services across multiple networks.

The agreement allows Zuma to operate as a global telecom reseller and potentially launch its own international mobile brand.

The company also gains the flexibility to integrate third-party service providers and adopt a multi-supplier operating model, signaling an asset-light approach to telecom expansion.

Zuma described the deal as a “key milestone” in its transformation into a technology and telecom-enabled platform, positioning itself to tap into the fast-growing global eSIM and digital connectivity market.

The company expects the partnership to support scalable, usage-based revenue streams while expanding its footprint across Europe, the UK, and other international markets.

As part of its longer-term strategy, Zuma is also evaluating the possibility of applying for a Mobile Virtual Network Operator (MVNO) license from the Pakistan Telecommunication Authority, though it noted that regulatory approval remains uncertain.

The agreement comes as listed companies increasingly pivot toward technology-led business models to capture recurring revenue opportunities in global digital infrastructure markets.

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