edotco gets SBP lending approval for telecom tower-sharing services

MG News | May 16, 2018 at 04:23 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

edotco Pakistan Private Limited (edotco PK) has successfully obtained approval from the State Bank of Pakistan (SBP), allowing local lenders to fund the acquisition by edotco PK of Jazz’s portfolio of 13,000 tower assets currently under Deodar Private Limited (Deodar).

The above marks another one of the approvals related to the transaction steps on the acquisition. The final regulatory approvals are in process of being granted by PTA on the change of shareholding structure in Deodar.

This positive outcome from the Government is reflective of Pakistan’s push to increase foreign direct investment into the country while fulfilling its digital agenda.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	164,831.42 172.53M	1.19% 1934.74
ALLSHR	99,333.72 384.51M	0.90% 884.04
KSE30	49,356.83 107.72M	1.37% 669.37
KMI30	237,212.17 96.91M	1.44% 3362.86
KMIALLSHR	64,767.41 193.69M	1.12% 719.32
BKTi	44,973.02 33.91M	1.41% 625.96
OGTi	34,831.33 6.50M	1.19% 408.38

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,535.00	77,920.00 76,465.00	700.00 0.91%
BRENT CRUDE	104.95	111.49 103.24	-6.33 -5.69%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-7.75 -6.58%
ROTTERDAM COAL MONTHLY	113.00	113.00 112.80	0.55 0.49%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	98.55	104.45 97.00	-5.60 -5.38%
SUGAR #11 WORLD	14.76	15.15 14.67	-0.25 -1.67%