Khosa Terms PTCL’s Privatization Totally Fair

Tussle over PTCL’s privatization continues, after Senator Waqar Ahmed Khan’s statement yesterday, where he had said that there was no contractual obligation to transfer titles of the state-land where PTCL offices stand to private investors, today Advisor to the Prime Minister on Information Technology Latif Khosa stated that there is no ambiguity in Privatization of Pakistan Telecommunication Limited (PTCL) and its Privatization was totally transparent and fair.

During briefing to National Assembly Standing Committee on Information and Technology, he said, no one can offer such amount, which was offered by Etisalat for Privatization of PTCL in 2005.

26 Percent shares of PTCL were sold to Etisalat in March 2005, he said, adding that, 9 companies were interested in Privatization of PTCL out of which 3 including Etisalat of UAE, China Mobile of China and Singtel of Singapore were short listed.

Etisalat had offered 2.59 billion, China mobile 1.40 billion and Singtel 1.16 billion for 26 Percent shares of PTCL, he said.

Government of Pakistan, he said, has majority shares in PTCL.

Via Online

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