The International Finance Corporation (IFC) has approved the debt financing of up to $400 million to Pakistan Telecommunication Limited (PTCL) for the acquisition of Telenor Pakistan Limited (TPL).Â
This information was publicised by the PTCL through a notice to the Pakistan Stock Exchange (PSX) on Monday under rule 5.6.1 of the Rule Book of the PSX with Section 96 and other enabling provisions of the Securities Act 2015.
The finalisation of workstreams to sign financing agreements with IFC, a subsidiary of the World Bank, is underway and expected to be completed on or before July 31, 2024, the PTCL said in its notice.Â
Also Read This: Three months later, PTCL’s acquisition of Telenor continues through sluggish approval process
It further added that the details of the debt financing shall be disclosed upon the finalisation of financing agreements. In case of any development in this respect, PSX shall accordingly be notified as per applicable laws.Â
Back in October last year, it was reported that PTCL was in talks with the International Finance Corporation to secure a loan of $400 million for the acquisition of Telenor Pakistan.
PTCL’s recent notice recalls that on December 14, 2023, its board notified that the telecom giant has entered into a Share Purchase Agreement (SPA) with the shareholders of Telenor Pakistan for the acquisition of 100% shares, based on an enterprise value of Rs 108 billion on a cash-free, debt-free basis. The transaction will be financed by external debt that the PTCL will raise.
PTCL, which holds a 100% stake in Ufone and U Microfinance Bank, is 62% owned by the Government of Pakistan and 26% by the UAE’s telecom operator Etisalat by e&.
LOVE SPELL CASTER DR EHIAGWINA THAT HELP ME SAVE MY MARRIAGE.TEXT HIM ON WHATSAPP: +2348162084504.
Hello, I just want to say a big thank you to DR EHIAGWINA for what he has done for me, he brought back the man i love and cherish with all my heart, A man who left me with 2 kids for another woman for good 7 months, i just decided to check some spell caster’s but all kept deceiving me, until i met DR EHIAGWINA, who told me everything will be over .until he told me that my husband will be back in 2 days time, am so grateful today that my husband is back to me and we are happy and he always want to be by my side, i will advice you people not to fall in the wrong hands but to contactDR EHIAGWINA who is trustworthy and straight forward. you can contact him via Email:[email protected]
IF YOU ALSO NEED SOLUTION IN THE FOLLOWING PROBLEM,CONTACT HIM AS WELL.
(1) You want to tie your husband or wife to be yours forever.
(2) If you want a child.
(3) if you want to divorce your husband or wife
(4) lottery spell
(5) if you want a herbal remedy to cure your disease. Thanks Doc
One wonders how many local businesses were successful after obtaining loan from IFC. IFC has trained professionals at their disposal. They execute loan agreement that has the upper hand in getting back their money. To obtain loan borrowers are forced to do certain things that are very expensive.
Arrange financing by forming local syndication, Islamic banks etc. Don’t ever try to touch the IFC for borrowing. They will take the string out from you and that will make you useless/ dependent on others.
Avoid becoming head lines after getting IFC loan and after default you will be ridiculed.
Those who give loans they usually dictate the terms. our Marion’s number issue has been foreign debts so the current govt should think hard before signing on an other one. we can assume that we have capable finance experts to decide whether it will b in tge best interests of the nation. we need jobs badly. whatever it takes to privide employments to our people should b considered. we should also export people but they must be adequately trained with languages abd skills at the govt expense. Our people suffer when thry spend fortunes to go abroad abd have no skills to earn decent wages Beside training, all out going people should be warned to behave and represent well their nation. So far, we have not built a good reputation. it must be reversed because we do have talent but the character weighs a lot more than talent.
HOW I FINALLY RECOVERED MY LOST BITCOIN:
Do you need help on how to recover lost or stolen Bitcoin from fake  investment scammers? I lost all my Bitcoin to a fake investment scam to someone I met online. After losing my Bitcoin investments, I was determined to find a solution. I started searching for help legally to recover my funds, and I came across a lot of Testimonies about  GEO COORDINATES HACKER. I am incredibly grateful for the exceptional service, and wanted to inform you all about this positive outcome. They emphasized their excellent strategy for Bitcoin recovery. In order to assist people and companies in recovering their lost or stolen cryptocurrencies. They guarantee that misplaced bitcoins have an opportunity to be recovered with their excellent services. If you or anyone you know ever finds yourselves in a similar unfortunate situation, I highly recommend reaching out to GEO COORDINATES HACKER. Contact Info Email:
(Â [email protected]Â )
Email; (Â [email protected]Â )Telegram ( @Geocoordinateshacker )Website;Â https://geovcoordinateshac.wixsite.com/geo-coordinates-hack