PTCL refutes news

KARACHI: Pakistan Telecommunication Company Limited (PTCL) notes 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. PTCL’s shareholders remain fully committed to the company’s long-term strategy and growth trajectory. This 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 remains committed to creating sustainable value for its customers, stakeholders, and shareholders. Copyright Business Recorder, 2026

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