Pakistan Sells Top Phone Co. for $2.6B

Society Pakistan & World Affairs

fayax January 9, 2006, 7:46pm 1

ISLAMABAD, Pakistan - The Pakistani government has agreed to sell a controlling stake in the country’s top phone company to a Middle Eastern rival for $2.6 billion, sealing Pakistan’s biggest deal to date under sweeping reforms meant to woo foreign investors.

Silly_Billy January 10, 2006, 4:33am 2

Re: Pakistan Sells Top Phone Co. for $2.6B

:k:

fayax January 10, 2006, 8:02am 3

Re: Pakistan Sells Top Phone Co. for $2.6B

I am not sure if it is totally a good thing though. It might that along with foreign moeny comes foreign control.

Gamma_Dilation January 10, 2006, 12:31pm 4

Re: Pakistan Sells Top Phone Co. for $2.6B

good article... i like it

mAd_ScIeNtIsT January 10, 2006, 4:31pm 5

Re: Pakistan Sells Top Phone Co. for $2.6B

Meaning?

guls n guys

Shak_killS January 12, 2006, 11:36am 6

Re: Pakistan Sells Top Phone Co. for $2.6B

62 percent shares are still with Pak Government so I dont think 26 percent of Etsilat allow them anything they want to do without government approval.

there is an other authority PTA that regulates telecom opperators withing the country.