Etisalat's Pakistan Telecom deal cancelled (Gulfnews)
As predicted in Arab Economist (see blog), Etisalat has cancelled the deal to acquire 26% of Pakistan Telecom (PCTL) for US$ 2.59 billion.
"We have served the notice to Etisalat for cancellation of the deal because they have not paid the amount within the required time," the official said without giving further details.Eisalat is expcted to make public annoucement shortly.
"We have served the notice to Etisalat for cancellation of the deal because they have not paid the amount within the required time," the official said without giving further details.Eisalat is expcted to make public annoucement shortly.
posted by Double M at 3:15 PM
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