|
Privatisation
Commission ("PC"), on behalf of the Government of Pakistan
("GOP"), intends to divest up to 26% shareholding (higher
shareholding may be considered) of Pakistan Telecommunications
Company Limited ("PTCL") to a qualified strategic investor
who would assume management control. A consortium consisting of
Goldman Sachs International and JP Morgan is advising the GoP on the
Privatisation of PTCL.
PTCL is the
monopoly provider of basic telephone services to the private sector
in Pakistan with over 3.2 million telephone lines in service.
Besides providing fixed line and ancillary services, PTCL owns
Pakistan Telecommunications Mobiles Limited (PTML), one of two GSM
wireless service providers in Pakistan branded as Ufone, and Paknet
as internet service provider, providing country wide services. The
Company has monopoly over the basic telephony services until 31st
December 2002. PTCL highlights include:
| Financial
Statistics |
FY
2000 (PKR) |
FY
1999 (PKR) |
FY
1998 (PKR) |
| Sale |
58,643 |
51,187 |
46,466 |
| Operating
Profit |
25,341 |
21,725 |
19,932 |
| Total Assets |
139,903 |
133,296 |
125,065 |
| Total Equity |
61,822 |
67,575 |
60,207 |
| Avg. Exchange
Rate: US$1=PKR |
51.79 |
50.05 |
43.20 |
| Network
Statistics |
| Access Lines
Installed |
4.29 |
3.87 |
3.52 |
| Access Lines in
Service |
30.5 |
2.87 |
2.66 |
Note: All figures in millions
For further information on PTCL please visit www.ptcl.com.pk |
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GoP has
formulated a comprehensive legislative and regulatory framework for
the restructuring of the telecommunications sector and Privatisation
of PTCL. For information on the legislative and regulatory framework
please visit www.pta.gov.pk
Expressions of Interest ("EOI")
are here by invited from reputed parties interested in acquiring the
indicated shareholding and management control. EOI's should include
the name and address of the party, the date and place of
incorporation and contact details, along with the following
information:
| 1 |
Experience
in the telecom sector; |
| 2 |
Experience
in international telecom development; |
| 3 |
Involvement
in the acquisition/operation of telecom requiring system
upgrading and managerial restructuring; |
| 4 |
Audited
financial statements for the preceding three yeas; and |
| 5 |
Details of
ownership structure. |
EOI along with a non refundable processing
fee of US $500/- or Rs. 30,000/- payable in the form of bank draft
in favour of " The Privatisation Commission, Government of
Pakistan", should reach the PC at the address given below by
June 30, 2001. Parties with relevant credentials and who submit a
formal EOI will be provided with a documentation package, describing the
pre-qualification process. The pre-qualified parties will be provided with
a Preliminary Information Memorandum and other relevant information. The
PC reserves the right to request additional information from any
party. For further information please contact the PC or JP Morgan at: |
