PTCL’s Landmark Acquisition: CCP Greenlights Telenor Pakistan Merger

Islamabad: In a groundbreaking development in Pakistan’s telecommunications landscape, the Competition Commission of Pakistan (CCP) has sanctioned the acquisition of Telenor Pakistan by Pakistan Telecommunication Company Limited (PTCL). This pivotal approval concludes Phase II of the regulatory review, marking a significant milestone in the nation’s telecom sector.

PTCL has expressed gratitude for the CCP’s meticulous evaluation, which underscores the importance of ensuring a sustainable and progressive telecom industry in Pakistan. The company acknowledged the Commission’s rigorous approach to safeguarding the sector’s future, while also extending appreciation to its customers, partners, and the wider telecom community for their anticipation and support.

Throughout the review process, PTCL maintained full cooperation with regulatory authorities and committed to adhering to all applicable laws and directives. This merger is seen as a crucial step towards intra-sector consolidation, promising to leverage the strengths of both PTML (Ufone) and Telenor to enhance customer experience, network quality, and service coverage.

The newly consolidated entity aims to bolster nationwide connectivity, foster innovation, and align with the government’s vision of a digitally empowered Pakistan. By combining resources and expertise, the merger is expected to create a more resilient infrastructure and a competitive market environment, ultimately benefiting consumers across the country.