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Islamabad: Telenor<\/a> has been reviewing its operation in Pakistan in the wake of worsening macroeconomic situation in the country. However, the company has ruled out any possibility of moving towards a merger or closing down in Pakistan, local media reported.
Owing to writing down the value of its assets in the range of approximately $250 million, Sigve Brekke, President and Chief Executive Officer, Telenor, ASA, said in its statement, \"We will definitely look at what is creating shareholder value when we do the review, but I don't want to comment on content of that review.
\"Of course, it is looking at operation, can we run that more efficiently than we already do but we are also looking at any other types of alternatives for us to secure our value in Pakistan,\" The News Reported quoting the Telenor CEO<\/a>.
Sources said that there was no plan for merger or taking exit from Pakistani market and no one should speculate about it. However, they said that in the wake of higher judiciary's decision the company had to pay additional amount for renewal of license. The macroeconomic situation owing to hiked interest rates and depreciating exchange rate also multiplied financial difficulties for the telecom sector<\/a>, The News reported.
The telecom sector had already communicated to the government that its revenue per user significantly declined in Pakistan as it stood at around $9 per user few years back but now it slashed down much below compared to other regional markets. The heavy taxation<\/a> and inconsistent policies made telecom sector as unviable in case of Pakistan.
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Telenor审查其操作在巴基斯坦经济形势恶化
由于写下其资产的价值约2.5亿美元的范围,Sigve布莱克,总裁兼首席执行官,Telenor ASA,在其声明中说,“我们肯定会看到什么是创造股东价值当我们做评论,但我不想评论内容的审查。
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伊斯兰堡:Telenor一直在回顾其在巴基斯坦的操作后,在国内宏观经济形势恶化。不过,该公司已排除任何可能性的走向合并或关闭在巴基斯坦,当地媒体报道。
由于写下其资产的价值约2.5亿美元的范围,Sigve布莱克,总裁兼首席执行官,Telenor ASA,在其声明中说,“我们肯定会看到什么是创造股东价值当我们做评论,但我不想评论内容的审查。
“当然,这是观察操作,我们可以更有效地运行,比我们已经这样做了,但我们也在寻找任何其他类型的选择对我们确保我们的价值在巴基斯坦,“新闻报道引用乐动扑克Telenor公司首席执行官。
消息人士称,没有计划合并或将退出巴基斯坦市场,没有人应该猜测它。然而,他们说,在更高的司法决定之后,该公司不得不支付额外金额更新执照。宏观经济形势由于上调了利率和汇率贬值也增加的财政困难电信部门,新闻报道。乐动扑克
电信业已经传达给政府,其每用户收入大幅下降在巴基斯坦,因为它站在约9美元每用户几年前相比,但现在它砍远低于其他地区的市场。的沉重的税收和不一致的政策使电信业不可行的巴基斯坦。
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