Telecoms, internet in Pakistan

KUALA LUMPUR (Dow Jones)–Telekom Malaysia Bhd. (4863.KU) has been shortlisted to bid for a 26% stake in state-owned Pakistan Telecommunications Corp. Ltd. (PTC.KA), the daily New Straits Times reports, quoting Telekom Malaysia Chairman Muhammad Radzi Mansor.

“We are in the shortlist. We are preparing our bid and I believe they will be closing the deal at the end of this month,” the report quotes him as saying.

Telekom Malaysia is among 14 companies that have expressed interest in the Pakistan Telecom stake.

Telekom Malaysia currently owns a 78% stake in Multinet Pakistan, a broadband and cable television services company in Pakistan.