ISLAMABAD ( MEDIA REPORT ) Senate Standing Committee on Information and Technology and Telecommunication on Wednesday expressed reservation over the outstanding amount of $800 million from Etisalat, pursuant to share purchase agreement made at the time of PTCL’s (Pakistan Telecommunication Company Limited) privatisation. The committee met under the chairmanship ofRead More →
ISLAMABAD ( BMZ REPORT ) While the rumors have been circulating for a while, it seems that the merger between Ufone and PTCL has stalled. According to a confirmed source within the two organizations, TelcoAlert.com has learned that both companies that have been under Etisalat are now facing a veryRead More →
A decade later, the $800 million ghost refuses to rest in peace. It is fair to say that the UAE-based Etisalat has given its Pakistani interlocutors a run for their money. The Emirati telco still owes the Pakistani government $800 million from its 26 percent management-stake-buyout in PTCL back inRead More →
ISLAMABAD ( MEDIA ) There is no possibility that the internet users in Pakistan will be able to access YouTube in the near future. At least this was the message conveyed to the Senate standing committee on information technology which met on Thursday. Though the unblocking of the site wasRead More →
ISLAMABAD ( MEDIA ) After years of struggle, Pakistan has finally decided to settle the dispute with Etisalat –the buyer of 26% shares in Pakistan Telecommunication Company (PTCL) – over $800 million outstanding payments by forgoing an amount equal to the value of those properties that it cannot transfer inRead More →