PTCL refutes reports of change in e&, investment position in Pakistan

ISLAMABAD, Apr 30 (APP):Pakistan Telecommunication Company Limited (PTCL) on Thursday rejected recent media reports regarding a potential change in the investment position of e& (formerly Etisalat) in Pakistan.

“The company would like to reject the baseless and speculative reports and is not aware of the sources referenced in these reports. As a publicly listed entity, PTCL emphasizes the importance of accurate and responsible reporting, as unverified information may lead to unnecessary market speculation,” said a news release.

PTCL said its shareholders remain fully committed to the company’s long-term strategy and growth trajectory. This commitment is reflected in key strategic initiatives, including the acquisition of Telenor Pakistan and Orion Towers, Ufone’s 5G spectrum acquisition, and the continued expansion of the company’s fiber network across the country.

The board has recently reviewed PTCL’s Q1 2026 performance and continues to provide clear strategic direction for the company’s future growth and transformation. e&, as the managing shareholder, remains closely engaged with PTCL, with a shared focus on delivering long-term value and advancing Pakistan’s digital ecosystem.

PTCL reaffirmed its commitment to creating sustainable value for its customers, stakeholders, and shareholders.