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Etisalat offers USD 267 mln to settle PTCL privatisation dispute

Friday 3 January 2020 | 11:22 CET | News
UAE-based Etisalat, which owns a 26 percent stake in the Pakistan Telecommunication Company (PTCL), has offered USD 267 million to settle a decade-old dispute, The Express Tribune reported. The offer is one-third of the total outstanding dues amounting to USD 800 million. If the Pakistani government accepts the Etisalat offer, the total value of the privatisation transaction would come down from USD 2.60 billion to USD 2.07 billion.

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Categories: General
Companies: Etisalat / PTCL
Countries: Pakistan / United Arab Emirates
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