KARACHI: Hatem Mohamad Bamatraf has been appointed Chief Executive Officer (CEO) of Pakistan Telecommunication Company Limited (PTCL), in place of Matthew Willsher, a news release said.
Pakistan Telecommunication Company (PTCL) 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.