KARACHI (PRESS RELEASE) Etisalat has been declared as ‘The Most Valuable Portfolio Brand’ in Middle East and North Africa (MENA) by Brand Finance, the world’s leading independent brand business valuation and strategy consultancy. The recognition is for the company’s impressive portfolio of brands becoming the first Middle East group toRead More →
ISLAMABAD (PRESS RELEASE) PTCL is declared as the fastest growing brand in Pakistan with a brand value of USD 119 million (More than 12.5 billion Rupees). This was announced by Brand Finance at a ceremony held in Barcelona during the Mobile World Congress 2018. A trophy to mark this occasionRead More →
ISLAMABAD ( MEDIA REPORT ) Senate Standing Committee on Information and Technology and Telecommunication on Wednesday expressed reservation over the outstanding amount of $800 million from Etisalat, pursuant to share purchase agreement made at the time of PTCL’s (Pakistan Telecommunication Company Limited) privatisation. The committee met under the chairmanship ofRead More →
ISLAMABAD ( BMZ REPORT ) While the rumors have been circulating for a while, it seems that the merger between Ufone and PTCL has stalled. According to a confirmed source within the two organizations, TelcoAlert.com has learned that both companies that have been under Etisalat are now facing a veryRead More →
ISLAMABAD ( BMZ REPORT ) Some rumors regarding the possible acquisition of PTCL and Ufone by Zong have been floating around the media. Etisalat, the group behind, Ufone with stake in PTCL has categorically denied any discussions on the acquisition front. The press release forwarded by PTCL on approval ofRead More →
A decade later, the $800 million ghost refuses to rest in peace. It is fair to say that the UAE-based Etisalat has given its Pakistani interlocutors a run for their money. The Emirati telco still owes the Pakistani government $800 million from its 26 percent management-stake-buyout in PTCL back inRead More →
ISLAMABAD ( MEDIA REPORT ) A Senate committee on Wednesday asked the government for the sale deeds signed with the UAE-based company Etisalat to privatise the state-owned Pakistan Telecommunication Company Limited. “We want to study both the 2005 and 2008 (sale) agreements to pin point errors and give recommendations againstRead More →
ISLAMABAD ( BMZ REPORT ) Etisalat Group’s CEO, Ahmad Julfar has resigned from the company with immediate effect. No reason was given by the company, which simply said that he had left for “personal reasons”. However he had been thought to be ill for some time, after pulling out ofRead More →
ISLAMABAD ( ABRAR MUSTAFA ) Mr Waleed Irshiad CEO and President PTCL and Abdul Aziz CEO Ufone have been replaced by Mr Reiner Rathgeber and Dr Danial Ritz as the CEO of the Ufone and PTCL respectively, effective from 3rd March, 2016. The change is going to be the firstRead More →
KARACHI ( TARIQ REPORT ) Earlier this week Etisalat received highest industry recognition at the GLOMO award at GSMA Mobile World Congress in Barcelona. Etisalat stole the limelight at the GSMA MWC by receiving two gold medals and two special recognition awards. Etisalat received gold medals as winners of “OutstandingRead More →
ISLAMABAD ( MEDIA REPORT ) The Senate Standing Committee on Information Technology on Tuesday gave Etisalat, the Privatisation Commission and the federal government one month to settle the agreement regarding the sale of the Pakistan Telecommunication Company (PTCL). “PTCL should be nationalised if a settlement cannot be reached,” Committee chairpersonRead More →
ISLAMABAD ( ABRAR MUSTAFA ) According to various high level sources among telecom sector a major upset is being expected. There are rumours flying around that that Etisalat will be consolidating its resources to make a bigger telecom company in Pakistan that will see Pakistan Telecommunication Company Limited (PTCL) andRead More →