PTCL; Always in the news…

Here we go again, the Etisalat has been given a payment period concession, that wll hopefully allow it to make the payment 2.6 billion USD it owes the GoP.

A Delegation headed by the minister for privatization was in UAE last week, and they agreed on a revised payment schedule, that stretches the extends the deadline to 20 months from the date of the Share Purchase Agreement, as against a standard 30 days from signing the SPA.

Read more here.

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