TeleGeography Logo

Govt rejects USD263m offer to end PTCL dispute

3 Jan 2023

Pakistan’s government has rejected an offer from UAE-based e& (formerly Etisalat) to settle a long-standing dispute over the privatisation of Pakistan Telecommunication Company Limited (PTCL). The Express Tribune writes that the government turned down an offer from e& that would have seen the group pay USD263 million to end the dispute. As noted by TeleGeography’s GlobalComms Database, the e& purchased its 26% share in PTCL – plus majority voting rights – for USD2.6 billion in 2005, agreeing to pay the total over a five-year period. The final payment of USD800 million remains outstanding, however, and the two parties have spent the last decade negotiating a settlement. The privatisation deal had included an agreement for the state to transfer to PTCL 3,248 properties, and e& initially withheld the final payment pending the completion of these transactions. Whilst the bulk of the properties have since been transferred, a small number cannot be completed due to a variety of complications and errors, as such, subsequent discussions have centred around the valuation of the outstanding properties.

Pakistan, e& (formerly Etisalat Group), Pakistan Telecommunication Company Limited (PTCL)

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.