Monday, November 25, 2013

Etisalat Keen To Buy Transworld - Official Transworld Position & Stance

Monday, November 25, 2013
The news appearing in media that Etisalat has made an offer to acquire Transworld and its operations in Pakistan is incorrect. Etisalat has not made any such offer nor is the Board of Directors considering any such offer at this time.

Such fabricated news can negatively impact Transworld business relationships & the confidence of its customers. Transworld management further emphasizes that it reserves the right to take legal action against anyone disseminating fabricated news that can impact its business and the confidence of its customers.

Transworld is an Orascom Telecom Group company and is Pakistan’s 1st privately owned Tier 1 international communication gateway. Transworld infrastructure consists of a submarine global network that extends from Europe to Far East with landing in Pakistan. It provides internet and international communication services to ISP’s, Telco’s and major multinational corporate clients. It is the market leader for premium products like IP Transit, IPLC, MPLS and Data-Center services in Pakistan. Transworld remains the preferred choice of customers for being Pakistan’s number 1 backhaul internet service operator.

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