ISLAMABAD: The Pakistan Telecommunication Company Limited (PTCL) said on Thursday that its managing shareholder ‘e&’ (formerly Etisalat) remains closely engaged with it, with a shared focus on delivering long-term value and advancing Pakistan’s digital ecosystem.
Referring to a Dawn report, titled ‘Emirati telecom giant mulling exit’, published on Apr 30, regarding a potential change in e&’s investment position in Pakistan, the company said it was not aware of the sources referenced in the reports.
“PTCL’s shareholders remain fully committed to the company’s long-term strategy and growth trajectory. This is reflected in key strategic initiatives, including the acquisition of Telenor Pakistan and Orion Towers, Ufone’s 5G spectrum acquisition, and the continued expansion of the company’s fibre network across the country,” it said in a statement.
When contacted for response prior to the publication of the report, PTCL had simply stated that a long-term business plan had recently been approved by its board, and that it was not aware about any change of plan by its shareholders.
Published in Dawn, May 1st, 2026