2 min read
Pakistan Telecommunication Company Limited (PTCL) has suspended internet services to KK Networks, a private internet service provider, citing an outstanding debt of Rs 1.5 billion accumulated over several years. In response to the significant financial loss, PTCL has initiated legal proceedings to recover the owed amount.
An official from PTCL has revealed to Techjuice that an investigation is currently in progress to ascertain the circumstances surrounding a significant loan extended to KK Networks and the reasons behind its extended non-recovery.
The inquiry also seeks to uncover any individuals within PTCL who may have played a role in facilitating the loan or reaping benefits from it.
The decision to terminate services was triggered by a series of bounced checks from KK Networks. This entity had been reselling internet services acquired from PTCL and other providers to customers in Lahore and nearby districts.
This situation highlights the difficulties encountered by telecommunications companies in managing partnerships and ensuring adherence to financial regulations within the sector.
