PTCL dismisses e& exit speculation

April 30, 2026 (MLN): Pakistan Telecommunication Company Limited (PSX: PTC) on Thursday rejected market chatter suggesting a potential shift in the investment stance of its majority shareholder e& (formerly Etisalat), calling the reports “baseless and speculative” and cautioning against misinformation that could fuel volatility.

In a statement, the telecom operator said it had no knowledge of the sources cited in recent media reports and underscored the need for responsible reporting, warning that unverified claims risk triggering unnecessary market speculation.

The company reiterated that its shareholders remain fully aligned with its long-term strategy, pointing to ongoing expansion and recent strategic moves as evidence of continued commitment.

These include the acquisition of Telenor Pakistan and Orion Towers, alongside network investments and fiber rollout aimed at strengthening its digital infrastructure footprint.

PTCL added that its board has reviewed first-quarter 2026 performance and continues to provide strategic direction for future growth and transformation.

The company noted that e&, as managing shareholder, remains actively engaged, with a shared focus on delivering long-term value and advancing Pakistan’s digital ecosystem.

The statement comes amid heightened investor sensitivity to foreign investment signals in Pakistan’s telecom sector, where PTCL plays a central role.

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