Terming low ARPU as the main cause for not getting high returns and sizeable growth, Jon Eddy Abdullah, Telenor Pakistan’s Chief Executive, urged telecom companies in Pakistan merging/acquiring, even before the launch of 3G in the country. In an interview with Financial Times, Telenor Pakistan’s chief said that five operators in one market are too...
I thought well before writing this post, let me tell you why? Our readers may know that ProPakistani keep a notable distance from politics or political conversations, however, along with, we feel our responsibility to opine an un-biased review about those political comments that directly impact Telecom and IT industry of Pakistan. APP yesterday asked...
Mobile telecoms is a sellers’ market and Orascom Telecom is interested in any asset for sale, in any geography, its Executive Chairman Naguib Sawiris said. “If you ask me what are you interested in, I would tell you any mobile asset regardless of the geography,” Sawiris told Reuters at the Mobile World Congress in Barcelona. Orascom...
State Bank of Pakistan has reported that net foreign investment fell by 34.4 per cent to $1.466 billion during July-January against $2.234 billion in the same period last year, reported the media. As per reports, State Bank said that this fall in FDI is observed in almost every domain, including telecom, financial, cement, oil and gas exploration and...
Dhabi Group has confirmed its intent of offloading majority stakes with management control of Warid’s operations in Pakistan. Group didn’t mention the size and value of this expected deal. However, for the first time in three months, group authenticated Warid’s sellout rumors, which it kept denying till now. This statement came directly from Dhabi...
By Dr. Kamal A. Munir It has been four years now since a 26 per cent stake in Pakistan Telecommunication Company Limited (PTCL) was sold to Etisalat through privatisation. On June 18, 2005 the United Arab Emirates (UAE)-based company, offering 2.6 billion dollars, beat China Mobile’s 1.4-billion-dollar and SingTel’s 1.2-billion-dollar bids for...
Prime Minister Syed Yousuf Raza Gilani has stressed the need for leveraging strategic partnerships with Chinese Government for improvement in public and social sectors through the use of advanced technology, especially information and communications technologies (ICTs). Emphasising the strategic importance, which the current government attached to the...
MVNO regulation is almost ready, as PTA has brought forward the regulation draft and has asked the industry for input. As per draft, application for MVNO will go though MNO (Mobile Network Operator) containing details of the Commercial Agreement between the MNO and proposed MVNO. These details will include Quality of service; Number Portability support...
Etisalat has acquired a majority stake in its Indian venture Etisalat DB Telecom by buying a 5.27% stake from Chennai-based Genex Exim Ventures for about Rs 380 crore, reported Indian Media. The transaction will push Etisalat’s holding in the company above the 50% mark, giving it effective control of the company. Etisalat is reported to have applied...
Dr Muhammad Yaseen, Chairman, Pakistan Telecommunication Authority (PTA), has said the broadband sector in Pakistan is showing a positive trend towards growth and we are looking ahead for more foreign investment in this sector. Talking to the media at an event the other day, he said the innovative wireless system had become successful, however, the...
Standard & Poor’s Ratings Services has lowered the corporate credit rating and long-term senior unsecured debt rating on Pakistan Mobile Communications (Mobilink) to ‘CCC+’ from ‘B-’. The outlook on the corporate credit rating is negative. The B- rating was described “Highly Speculative”, while the new CCC+...
Essar to invest in Warid Telecom Uganda & Warid Telecom Congo Enterprise valuation of Uganda and Congo operations at USD 318 million Deal reflects Dhabi Group’s vision to partner with other leaders in growing and adding value to their telecom investments Deal reflects Essar’s plans to increase its presence in the Middle East and Africa...
As we had covered MVNO’s recent framework from PTA, there came another prospective from Jawwad Rizvi, in his recent report in The News. According to Jawwad, the license fee of US 5 million dollars for MVNO license is going to be a unique attribute of Pakistan, as world over there is no license fee collected from MVNO operators. Follwing is the complete...
Al-Shaymaa (Private) limited a subsidiary of Al-Shaymaa FZE; a UAE based investment group has launched its operations in Pakistan. Al-Shaymaa has entered into the Pakistani market with a diversified portfolio of technology related businesses. With a prime focus on hi-tech solutions for security and surveillance, the group portfolio of businesses include:...
China Mobile-Telenor merger/acquisition rumors are on the rise again, despite China Mobile chairman had overruled any such speculations. In a latest development, China Mobile, World’s biggest cellular company in terms of subscribers, has expressed its plans to expand its operations overseas, mainly in Asia. Wang Jianzhou, Chief Executive, China Mobile...
