New Delhi, May 1 (IANS): Leading UAE telecom major Etisalat is reviewing its investment in Pakistan, which could lead to its exit from Pakistan Telecommunication Company Ltd (PTCL), according to a report in the local media.Insiders say Etisalat had indicated that the review is driven by a combination of global macroeconomic uncertainty, regional geopolitical tensions, and evolving capital allocation strategies among sovereign-linked investors, the report in the Dawn said.Etisalat’s plans …
Latest Telenor Pakistan News & Updates
New Delhi, Jan 6 (IANS) Telenor Group has finally exit Pakistan, announcing the successful completion of the sale of Telenor Pakistan to Pakistan Telecommunication Company Limited (PTCL), as the atmosphere to do business becomes extremely difficulty in the country.Telenor Group said in a recent statement that when the sale was announced on December 14, 2023, Telenor Pakistan was valued at NOK 5.3 billion on a cash-and-debt-free basis.“The closing of the transaction confirms this valuation leve…