Dawood Hercules terminated agreement with Edotco

In reference to a story titled “Pakistan loses business deal worth $940 million due to approval issues” published on September 18, 2018 in The Express Tribune, Dawood Hercules has said that the statement “According to a notice filed by Dawood Hercules at the Pakistan Stock Exchange, Malaysian telecommunication infrastructure services company - Edotco - withdrew the deal for acquiring 13,000 communication towers of Deodar, a subsidiary of telecom giant, Jazz,” is incorrect. It said Dawood Hercules exercised its right to terminate the agreement in accordance with the terms of the agreement. 

Published in The Express Tribune, September 19^th, 2018.

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