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Etisalat in talks to acquire a 26 per cent stake in PTCL

News , December 15, 2005

Etisalat of the UAE and Pakistan Telecommunications Company Limited (PTCL) have agreed to continue talks over Etisalat's acquisition of a 26 per cent stake in PTCL. The sale was called off earlier after Etisalat failed to meet the October 28 deadline for payment of the outstanding $2.34 billion, but the two parties now hope to salvage the deal. A series of meetings will be held to discuss outstanding issues.

 
 

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