Sunday, 29 March 2020

UAE telco Etisalat offers terms of $267 million to Pakistan govt to settle proceeds row

by Harry Baldock, Total Telecom
Friday 03 January 20

The sum is only around one-third of the outstanding total of $800 million, but this could be the only way to end the lengthy standstill

In July 2005, UAE-based Etisalat purchased 26% of shares in newly privatised Pakistan Telecommunication Company Limited (PTCL) for around $2.6 billion. However, $800 million of this payment has been withheld by Etisalat since 2010…

In July 2005, UAE-based Etisalat purchased 26% of shares in newly privatised Pakistan Telecommunication Company Limited (PTCL) for around $2.6 billion. However, $800 million of this payment has been withheld by Etisalat since 2010…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry