The politics of Pakistan's phones
Privatization and private control of Pakistan's major phone operator loom but it's not all plain sailing. Farhan Bokhari reports on the high level of investor interest and the problems still besetting the giant concern.
PAKISTAN'S NATIONAL PRIVATIZATION commission expects to conclude
the privatization of state-owned Pakistan Telecommunication Company
Ltd. (PTCL) soon after a January 28 deadline for bids from
prospective investors. Up to 26% of the company's stock is
available to a single buyer or to a consortium, along with
management control–12% is already in public hands–leaving
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