ENGRO, the premier fertilizer giant of Pakistan, has plans of making an entry into Pakistani telecom sector for a long time but has yet to get any success.
We’ve got confirmed information that the company was all set to buy controlling stake in Telenor’s Pakistan operations even before its launch but the companies failed to reach a deal. Earlier in 2004, the company entered into talks and a possible deal with Vodafone to launch it services in the country but somehow the deal never materialized.
Given these circumstances and the global economic slump, it seems likely that the company has shelved, at least for some time, its plans of entering the telecom sector
Sunday, February 1, 2009
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