Should Etisalat Go For Controlling Stake in PTCL?
Media has reported that Etisalat is thinking about gaining majority stake in PTCL. What would Etisalat gain from this? When will be a good time to make that additional investment? The core issue for Etisalat include the management of workforce and to capitalize on potential of PTCL. Without any insider information, my guesstimate is that ineffeciencies in PTCL are any where from 5-15%. What do you think? I think another interesting question to ask will be: Based on the recent performance of PTCL, will you buy PTCL shares?
Etisalat is considering raising its stake in PTCL from the 26 per cent it bought for $2.6bn in 2005 to 51 per cent, Mr Omran said, giving Etisalat operational control.
“We have an option in our original contract to increase our stake in PTCL by 25 per cent. However, timing as to when we will do it is not decided yet,” he said. “This is definitely an option under consideration but it is not happening in immediate future.”
Mr Omran said that although Etisalat had the first option to increase its stake, Pakistan government regulations allowed offers from other operators, and that could be a long procedure.
He said the company was also keen to bid for a 3G licence in Pakistan.
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BULLSHIT
Isnt it too early for etisalat !!!
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It depends basically on . . .
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