Pakistan Telecommunication Company is Pakistan’s state owned telecom company but few of its shares are sold to the foreign UAE Company named as Etisalat. The reason for PTCL’s privatization is its smooth running and to equip it with latest technological advancements. Etisalat group has bought 26% shares of PTCL but the problem is that Etisalat [...]
Former telecom minister of India Andimuthu Raja has arrested and Police presented him in front of court but the hearing is deferred. Not only minister but the other government and telecom industry officials are also arrested by the Indian police. The accused minister and other officials are included in the telecom sector corruption.
The first round of the Cabinet’s Ministerial Committee meeting constituted by the Federal Cabinet for examining the matters concerning the Share Purchase Agreement on Pakistan Telecommunication Company Limited (PTCL) with M/s Etisalat and auction of 3G Spectrum and LDI licenses held here today. Senator Waqar Ahmed Khan Federal Minister for Privatisation is the convener of the Committee.
Federal Minister for Privatisation Senator Waqar Ahmed Khan has convened a meeting of four-member committee on September 28, 2010 in Islamabad for examining the matter concerning Share Purchase Agreement (SPA) of Pakistan Telecommunication Company Limited (PTCL) with M/s Etisalat and auction of 3G Spectrum.
Etisalat International Pakistan (EIP) is likely to send $100 million as profits to the United Arab Emirates in 2010-11, reveals a document available with The News.
It sent back about $475 million during previous three years, which is about one fifth of the price it paid for PTCL, since taking over the management of the company, according to the data in the document.
Pakistan has sought an emergency payment of at least $500 million from UAE’s Etisalat the majority shareholder of Pakistan Telecommunication Company Limited (PTCL) to avoid a breach in the current year’s fiscal deficit target. In return, the government has made a firm commitment to the Etisalat that it would transfer the company’s all properties to [...]
Ufone one of the leading cellular providers in Pakistan recently signed a Memorandum of Understanding with The Institute of Chartered Accountants of Pakistan (ICAP) where members of the Institute will be provided special rates on BlackBerry and postpaid services provided by Ufone. This is indeed a step towards the right direction as all ICAP members [...]
It is in the interest of the government to move forward and recover the balanced amount of 8 million dollar from Etisalat instead of wasting time on non-issues, which are not part of the contractual obligation. This was stated by federal minister for privatisation Waqar Ahmad Khan while briefing National Assembly’s standing committee on privatisation [...]