📋 Tender Overview
Project Number: 48543
Company Name: PAKISTAN TELECOMMUNICATION COMPANY LIMITED
Date ESRS Disclosed: Jan 30, 2024
Country: Pakistan
Region: World
Environmental Category: B
Status: Pending Approval
Sector: Mobile Telephony
Industry: Telecommunications, Media, and Technology
Department: Regional Industry INF MCT
Project Description
IFC is considering providing US$ 400 million (including an A loan of US$ 150mn and B/Parallel loans of US$ 250mn) to the Pakistan Telecommunication Company ( PTCL or the Company ) to finance its planned acquisition of Telenor Pakistan (TP) ( the Project ), the second largest mobile network operator ( MNO ) in Pakistan. The Company is controlled and managed by Emirates Telecommunications Group Company ( Etisalat ), a state-owned leading international telecom operator headquartered in UAE and a strategic IFC client. TP is a wholly owned subsidiary of Telenor Pakistan B.V., a major Norwegian telecom group, which is currently soliciting bids for the sale of its ownership in TP through a structured competitive bidding process.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
