ISLAMABAD

Pakistan Telecommunication Company Limited has strongly denied media reports suggesting potential changes in investment plans by its parent group e&, calling the claims “baseless and speculative.”

In an official statement, a PTCL spokesperson said the company has taken notice of circulating reports and warned that unverified information could trigger unnecessary speculation in the market.

“The company firmly rejects such unfounded news,” the spokesperson said, adding that PTCL’s shareholders remain fully committed to the company’s long-term growth trajectory.

The telecom operator highlighted recent strategic moves — including the acquisition of Telenor Pakistan, planned participation in 5G spectrum auctions, and nationwide expansion of its fiber network — as evidence of sustained investment and future focus.

PTCL further emphasized that e&, formerly known as Etisalat, continues to play an active role as the managing shareholder and remains fully aligned with the company’s forward-looking plans.

Reiterating its commitment, the company said it will continue to deliver value to customers, stakeholders and shareholders as it expands its footprint in Pakistan’s evolving telecom landscape.