[Download] "Telecoms: Sector Analysis Apr 2010 (Company Overview)" by Blue Chip # eBook PDF Kindle ePub Free
eBook details
- Title: Telecoms: Sector Analysis Apr 2010 (Company Overview)
- Author : Blue Chip
- Release Date : January 31, 2010
- Genre: Economics,Books,Business & Personal Finance,
- Pages : * pages
- Size : 50 KB
Description
April 14 2010 Etisalat maintained highest standards of transparency in PTCL privatisation Commenting on media reports attributed to the Government of Pakistan's Federal Minister of Privatisation: Senator Waqar Ahmed Khan, The Chairman and Managing Director of Emirates Telecommunication Corporation - Etisalat: Mr Mohammad Omran recalled that Etisalat's investment in PTCL came in the wake of a welcome invitation and encouragement by the Government of Pakistan to participate in the privatisation process, which the Corporation was pleased to accept given the special and brotherly relations between the UAE and Pakistan. He said that in addition to financial valuation and other formal commercial considerations, the governance and strict procurement rules of Etisalat (the Corporation being a listed entity in the UAE, 60% of which is owned by the Federal Government of UAE) required that before approving an acquisition of an asset, its Board of Directors obtained a legal opinion from International and country National external counsel which confirmed in no ambiguous terms that the requisite steps for the sale of that asset had been followed and that the acquisition is legally valid under the laws of the relevant country.
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