Etisalat to make PTCL stake payment

28 January 2010

Pakistan's minister of privatisation has announced that UAE's Etisalat is expected to make a payment of $800m by the end of March for a stake in Pakistan Telecommunication Co (PTCL), Reuters has reported. The payment is part of a 2006 deal for the Gulf region's second-largest telecom firm to acquire a 26% stake in PTCL for $2.6bn, of which $1.4bn has been paid.

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