According to Dawn, the company has submitted the bid to purchase 100 share of Warid, owned by Abu Dhabi group.
The information has already been circulated across the PTCL board, before the closure of second session of trading yesterday (Friday).
A close estimation of the deal is ranging from $ 500 million to $ 1 billion, Dawn has quoted Shajar Capital.
Warid has a good number in terms of the audience, so it would certainly shake up the telecom market.
Earlier, Zong, a subsidiary of China Mobile, had submitted such bid, but according to market sources, withdrew after the evaluation from business perspective.