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Pakistan to raise USD 2 bln from PTCL privatisation, renewal of mobile licenses - report

Wednesday 26 December 2018 | 06:18 CET | News

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The Pakistani government expects to raise up to USD 2 billion through the resolution of a dispute with Etisalat and renewal of mobile licenses in the ongoing fiscal year. The government has established an inter-ministerial committee, which would manage the renewal of mobile licenses and PTCL's privatization, local newspaper Daily Times reports. This committee will also develop a resolution mechanism for all outstanding matters, including the payment of an "outstanding" amount of USD 800 million after a high-level agreement with a UAE delegation.

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Categories: Mobile & Wireless
Companies: Etisalat / Jazz / Mobilink / Pakistan Telecommunication Authority / PTCL / Telenor / Ufone / Warid Telecom / Zong
Countries: Pakistan
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