Abstract:
In 2005 etisalat purchased 26% of ptcl shares with management stake. As the Pakistan government put ptcl on sale as there policy of privatization of different institutions. Etisalat out bided the other two bidders Singapore telecom and china mobile offering billion 2.56 USD for this deal. Some analysts says that telecom has highly paid because the estimated amount of the deal was 2bn USD. Cabinet committee on privatization (ccop) approved the deal as recommended by the privatization commission board. As the highest offer was $ 2.59896 by etisalat.
Company’s share was placed at a price of $ 1.9. Total price in pakistan rupees was Rs155.158 billion, it was the highest in the history of Pakistan at a rate of Rs 117.01 per share. Its over value was of worth Rs596.76 billion."
