Etisalat wants PTCL price slashed

18 Nov 2005

UAE-based Etisalat, the potential buyer of the Pakistan government’s 26% stake in fixed line incumbent Pakistan Telecommunication Company Ltd (PTCL), has asked if it can now pay the price offered by the second highest bidder – China Mobile – earlier this year. Etisalat won the stake earlier this year but the sale was called off in October after it missed a payment deadline; the two parties reformed talks on the acquisition yesterday. Etisalat initially offered PKR107.01 per share, but now wants to pay PKR63.48 per share.


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.