PTA approves investment in Telecom Tower-Sharing Services Company

TechnologyPTA approves investment in Telecom Tower-Sharing Services Company

ISLAMABAD, Pakistan: edotco Pakistan Private Limited (edotco PK) on Friday obtained the approval of the Pakistan Telecommunication Authority (PTA) on the change of shareholding in edotco PK by way of subscription by Dawood Hercules Corporation Limited (DH Corp) of 45% of the share capital of edotco PK, an end-to-end telecom infrastructure services company.

This positive decision of the government and the Regulator is a welcome promotion of the digital agenda making Pakistan an attractive destination for foreign investment.

The above marks one of the approvals related to the transaction steps on the acquisition by edotco PK of Jazz’s portfolio of 13,000 tower assets currently under Deodar Private Limited (Deodar).

Further regulatory approvals are in process of being granted by PTA on the change of shareholding structure in Deodar, and by State Bank of Pakistan on the funding of the acquisition.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

PPP leader Raza Rabbani asks PML-N govt to refrain from banning PTI

0
ISLAMABAD, Pakistan: The former Chairman Senate and Pakistan People’s Party (PPP) senior leader Mian Raza Rabbani has said that the talk of banning a...

Interbank Dollar Rate Today in Pakistan – 15 July 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for July 15,...

Envoys present diplomatic credentials to President Zardari

0
ISLAMABAD, Pakistan: The envoys of Zimbabwe, Tajikistan, Rwanda, Argentina, Myanmar, Cambodia and Botswana presented their diplomatic credentials to President Asif Ali Zardari during a...

Decision to ban PTI unconstitutional, must be withdrawn immediately: HRCP

0
LAHORE, Pakistan: The Human Rights Commission of Pakistan (HRCP) has said that it is shocked by the federal government’s decision to ban the Pakistan...
PTV Sports HBL PSL 2018 Peshawar Zalmi vs Quetta Gladiators Live Streaming

PCB appoints Australian Tony Hemming as Head Curator

0
LAHORE, Pakistan: Tony Hemming has been appointed as the new Head Curator on a two-year contract, the Pakistan Cricket Board (PCB) announced on Monday....
Advertisement