Etisalat May Double Its Stake in PTCL
Daily Times has reported this interesting statement. As we have been discussing, Etisalat’s last transaction (26% shares and management control) is under scrutiny these days in Pakistan. Now Etisalat is thinking about taking its stake to 51% to get full control. How will the market react to this? And how much will this lift up the PTCL stock?
The news item adds:
The state-owned United Arab Emirates company is now considering whether to increase that to 51 percent by buying more stock from the government, Etisalat Chairman Mohammed Hassan Omran said in a telephone interview with Reuters in Dubai.
“We are evaluating that option and once we’ve arrived at the decision that this is positive, we will talk to the government,” Omran said, declining to give further details.
Pakistan, the world’s third-fastest growing market for mobile phone users, has a moratorium on the sale of new mobile licences. The only way for international companies to enter the world’s sixth-most populous nation is by buying into existing operators.
“We are already in Pakistan, so if we have an additional share this will add to our array of operations,” Omran said. Etisalat has no immediate plans to spend on PTCL’s infrastructure, Omran added.
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It means more strikes from PTCL staff and our phones will remain not working, if this will be the result, then its not good for Pakistan Telecome Industry.
And Baber Bahi i have a question, what you think about future plans of PTCL dsl, these days i have 256k connection and enjoying It (at least for 3 months unlimited), my real question is is there any plan for giving unlimited download in 128k or 256k or 512k connection for some extra cost like 256k for about RS 2000=/ and unlimited download.
Multinet is already providing an unlimited download package of 128k for about 1000 rupess.
Adil, I think PTCL would avoid unlimited for now but if other ISPs start giving it then they’ll compete as well. Someone suggested that we should differentiate between local and international traffic and not treat them as the same.
what is meant by “local and international traffic”.
Dear Babar,
Can I get your personal e-mail address? I am impressed by your blog.
I work for Motorola USA , here in California.
I need to discuss current Telecom market situation in Pakistan.
Are you also located in USA?
Will wait for your response.
Best regards,
Muhammad Jahangir
Motorola Inc.
Take a look at this. Any bandwidth (traffic) which is within Pakistan is cheaper than the bandwidth coming from abroad.
http://pakng.wordpress.com/2007/08/31/pakistan-bandwidth-appitite/
[...] to watch the stock performance after these results and the recent announcement by Etisalat about acquiring controlling stakes. The analysts comments below are worth [...]
hmmmmmmmmm
i read above comments by u pps.
i wana tell u only one thing that Etisalat offers unlimited packegs for U.A.E users no matter u are on 256 / 512 / 1 Mb / 2 Mb. But i wana ask 1 question from adli that u are asking for unlimited option for 256 but it is still coastly in pakistan as compared to U.A.E users .
IN U.A.E they offer 256=/ 149 DHS, 512=/ 199 DHS, 1 Mb=/ 249 DHS and so on
all of above connection are unlimited.And for ur info multi net is offering 256 unlimited connection for 2000 PKR but still coastly(for students from normal backgrouds).