Karachi, April 30, 2026 — Pakistan Telecommunication Company Limited (PTCL) has strongly rejected recent media reports suggesting a potential change in the investment position of its major shareholder, e& (formerly Etisalat), calling the claims baseless and speculative.
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In an official statement, PTCL clarified that it is not aware of the sources cited in the circulating reports and emphasized that such unverified information risks creating unnecessary market speculation and confusion.
The company stressed the importance of responsible and accurate reporting, particularly given PTCL’s status as a publicly listed entity.
Reaffirming confidence in its ownership structure, PTCL stated that its shareholders remain fully committed to the company’s long-term strategy and growth trajectory. The statement highlighted ongoing strategic initiatives, including the acquisition of Telenor Pakistan, the integration of Orion Towers, Ufone’s 5G spectrum expansion, and continued nationwide fiber network development.
PTCL further noted that its Board of Directors recently reviewed the company’s performance for the first quarter of 2026 and continues to provide strategic direction aimed at transformation and sustainable growth in Pakistan’s telecom sector.
The company also confirmed that e&, as the managing shareholder, remains actively engaged with PTCL, with a shared focus on strengthening digital infrastructure and delivering long-term value for customers, stakeholders, and shareholders.
PTCL reiterated its commitment to supporting Pakistan’s digital ecosystem through continued investment, modernization, and service expansion.
