Etisalat will likely withhold its fifth payment in a row, due at the end of this month, to the Pakistani Government for the acquisition of a 26 per cent in Pakistan Telecom (PTCL) as a dispute over the transfer of properties to PTCL remains unresolved. "Until now, the government [of Pakistan] has not released a list ......
Pakistan will receive a payment of $800 million by the end of March from the UAE's company - Etisalat for a stake in Pakistan Telecommunication Co (PTCL), Pakistan's Minister of Privatisation said on Wednesday. In 2006, Etisalat, the Gulf Arab region's second-largest telecom firm, signed an agreement to purchase a 26 per cent stake in PTCL ......
Etisalat has not paid $1 billion to Pakistan's government for its 2006 purchase of a 26 percent stake in Pakistan Telecommunication Corp, the country's largest telecoms firm, because of a dispute over ownership of several properties. A senior official from Pakistan's government, who declined to be named, told the newspaper the government was owed close...
