PTCL rejects media speculation about e& investment changes, reiterates long-term expansion strategy including Telenor acquisition, 5G rollout, and nationwide fiber growth.
ISLAMABAD: Pakistan Telecommunication Company Limited has issued a firm rebuttal to circulating media reports suggesting potential changes in investment by e&, dismissing them as “baseless and speculative” amid rising chatter in the telecom market.
In an official statement, a PTCL spokesperson clarified that the company has taken notice of the reports and strongly denied any claims implying a shift in e&’s investment strategy. The spokesperson warned that such unverified information could trigger unnecessary speculation, potentially impacting market stability and investor confidence.
PTCL emphasized that its shareholders remain fully committed to the company’s long-term growth trajectory. The company highlighted major strategic initiatives, including the acquisition of Telenor Pakistan, planned procurement of 5G spectrum, and the ongoing nationwide expansion of its fiber-optic network, as clear indicators of sustained investment and future readiness.
Reinforcing its stance, PTCL noted that e&, formerly known as Etisalat, continues to play an active role as the managing shareholder and remains fully aligned with the company’s strategic direction and future plans.
The statement comes at a time when Pakistan’s telecom sector is undergoing rapid transformation, with increasing competition, technological upgrades, and consolidation efforts shaping the market landscape. Analysts suggest that such rumors, if left unaddressed, can create volatility in stock performance and mislead stakeholders.
PTCL reiterated its commitment to delivering consistent value to its customers, stakeholders, and shareholders, assuring that the company’s focus remains on innovation, infrastructure development, and long-term sustainability.
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