Thursday, June 18, 2009

PTCL considers merger options

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Pakistan Telecommunication Company Ltd (PTCL) is reportedly negotiating with several domestic companies with a view to have potential mergers or acquisitions. The report indicates that incumbent believes the telecoms market in Pakistan is due for consolidation, and it expects the number of mobile operators to drop from six to three. The details of any potential targets for merger have not been revealed yet

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