|
|
|
|
|
The improved macro economic situation of the country as reflected
'positive' by international institutions and robust financial position by
Pakistan Telecommunication Company Limited (PTCL) has generated unprecedented
interest among the investors for PTCL. The Privatisation Commission has so far
received EOI's from fourteen (14) parties for acquiring 26 % shares of
Pakistan Telecommunication Company Limited (PTCL) with management control as a
wholly integrated telecom operator.
These fourteen prospective buyers for PTCL include big names like Emirates
Telecommunication Corporation (ETISALAT), UAE, Singapore Telecommunications
Limited (Sing Tel), Singapore, Mobile Telecommunications Co, Kuwait, MTN
International (Pty) Ltd, South Africa, Saudi Oger Limited, Saudi Arabia, China
Mobile Communication Company, China, Millicom Int'l, Saudi Telecom, Saudi
Arabia, Telecom Malaysia, Malaysia and other investors from the region.
PTCL is the leading provider of basic telephone services to the private sector
in Pakistan with over 4.4 million telephone lines in service. Besides
providing fixed line and ancillary services, PTCL owns Pakistan
Telecommunication Mobile Limited, one of five GSM cellular providers in
Pakistan and Paknet a countrywide Internet service provider. Its strong
financial position demonstrated during FY 2004 excluding subsidiaries as per
unconsolidated financials of PTCL indicates: Revenue PKR 74,124 million,
Operating profit: PKR: 41938 million, Net Profit after Tax: PKR:29,169
million, Total Assets: PKR: 141,595 million, Total Equity: PKR: 83,600
million, with a network of installed 5.27 million lines and 4.43 million
access lines in service.