PTCL meaning in Business ?

Answer: What is Pakistan Telecommunication Company Limited mean?

Pakistan Telecommunication Company Ltd., commonly known as PTCL (Urdu: مشارکتِ پاکستان برائے بعیدالمواصلات (المحدود)‎) is the national telecommunication company in Pakistan. PTCL provides telephone and internet services nationwide and is the backbone for the country's telecommunication infrastructure despite the arrival of a dozen other telecommunication corporations, including Telenor GSM and China Mobile. The corporation manages and operates around 2000 telephone exchanges across the country, providing the largest fixed-line network. Data and backbone services such as GSM, HSPA+, CDMA, LTE, broadband internet, IPTV, and wholesale are an increasing part of its business. Originally a state-owned corporation, the shareholding of Ptcl was reduced to 62%, when 26% of shares and control were sold to Etisalat Telecommunications while the remaining 12% to the general public in 2006 under an intensified privatization program under Prime Minister Shaukat Aziz. However, the 62% of shares still remain under the management of government-ownership of state-owned corporations of Pakistan.

reference

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