e&, also known as etisalat and Emirates Telecommunications Group Company PJSC, is a Publicly Owned company headquartered in the UAE. Founded in 1976, it employs approximately 28,490 individuals and reported $19.8B in revenue as of 2025. The company specializes in Technology, Information, and Internet services, functioning as an Emirati-based multinational telecommunications services provider.
Pakistan Telecommunication Company Limited (PTCL) rejected recent media reports on May 1, 2026, calling "baseless and speculative" suggestions of a potential change in e&'s investment position in Pakistan. PTCL stated it was unaware of the sources cited in the reports and stressed the need for accurate reporting to prevent unnecessary market speculation. This denial followed earlier reports on May 1, which indicated that e& was reviewing its investment in Pakistan, potentially leading to an exit from PTCL. Insiders cited in the reports suggested e&'s review was driven by a combination of global macroeconomic uncertainty, regional geopolitical tensions, and evolving capital allocation strategies among sovereign-linked investors.
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