PTCL's Bold Move: Selling 12 non-core Assets to Supercharge Financial Strength
The proceeds from these sales will be channeled into PTCL's network and IT infrastructure expansion efforts, reinforcing its commitment to improving service delivery.
Karobar
Islamabad 10/16/2023: In a strategic maneuver to supercharge its financial might and service capabilities, Pakistan Telecommunication Company Limited (PTCL) is all set to divest itself of twelve surplus immovable assets spread across nine vibrant cities. This bold step dovetails seamlessly with PTCL's dynamic expansion plan for its network and cutting-edge ICT infrastructure.
Picture a chessboard where every move counts. PTCL, as a key player in Pakistan's telecom landscape, has just unveiled its game-changing move: shedding non-core assets to turbocharge its financial prowess. Let's dive into the details of this strategic maneuver.
PTCL has successfully navigated the labyrinth of approvals required to pave the way for these asset sales. These sought-after properties are located in Attock, Bahawalpur, Faisalabad, Gujranwala, Kasur, Multan, Okara, Sadiqabad, and Sialkot. PTCL is committed to abiding by company policies and legal guidelines, setting a gold standard for corporate responsibility.
To ensure transparency and a level playing field, PTCL will conduct these transactions through a meticulously regulated auction process. With a strict adherence to established rules and regulations, this approach promises equal opportunity for all interested individuals and businesses looking to acquire these valuable properties.
Boosting Service Delivery: The financial fruits of this divestiture will be funneled into the expansion of PTCL's network and IT infrastructure. This strategic investment aligns with PTCL's unwavering commitment to bolster its service capabilities, ultimately benefitting its customers and stakeholders.
In the world of business and technology in Pakistan, PTCL's move to sell these assets is a strategic game-changer. By steering its resources towards network and IT infrastructure growth, PTCL is preparing to meet the future head-on with enhanced service offerings. Stay tuned as PTCL continues to make headlines in the ever-evolving landscape of Pakistan's business and technology sectors.
