PTCL Accepts Terms for $1b Telenor Deal

Competition Commission of Pakistan approves PTCL’s acquisition of Telenor with conditions

The Competition Commission of Pakistan (CCP) has approved Pakistan Telecommunications Limited’s (PTCL) acquisition of mobile carrier Telenor Pakistan and Orion Towers shareholdings, according to a press release issued on Wednesday. According to the telecommunication company’s website, one of its subsidiaries is mobile carrier Ufone. As part of the deal, Telenor and Ufone will merge. According to the press release, the merger was announced today…

PTCL accepts terms for $1b Telenor deal

The Board of Pakistan Telecommunication Company Limited (PTCL) has officially approved its commitment to comply with the stringent terms and conditions set by the Competition Commission of Pakistan (CCP) regarding its $1 billion acquisition of Telenor Pakistan. This development paves the way for the CCP to issue its long-awaited order on the significant merger, which has been pending for over 18 months. CCP carried out one of the most exhaustive…

PTCL Board accepts CCP’s terms, paves way for $400m Telenor deal - Profit by Pakistan Today

Eighteen-month-long merger review expected to conclude after CCP’s order

CCP grants approval for PTCL’s acquisition of Telenor Pakistan

Islamabad: PTCL is grateful to the Competition Commission of Pakistan (CCP) for successfully concluding Phase II of the review of its acquisition of Telenor Pakistan. We highly appreciate the Commission’s thoroughness in safeguarding the future outlook and long-term sustainability of Pakistan’s telecom sector. We are especially thankful to our customers, partners, and the wider telecom community who have been eagerly looking forward to this hist…

CCP Clears PTCL-Telenor Merger with Strict Safeguards

The Competition Commission of Pakistan (CCP) has approved the PTCL-Telenor merger under strict conditions to safeguard competition and protect consumers. The decision marks a turning point in Pakistan’s telecom sector, as two major players—PTCL’s subsidiary Ufone and Telenor Pakistan—move toward integration. A Landmark Decision On Wednesday, CCP Chairman Dr. Kabir Ahmed Sidhu, along with Registrar and Head of Legal Ambreen Abbasi and members Sal…

PTCL gets regulatory green light to acquire Telenor Pakistan - Digital Rights Monitor

The Competition Commission of Pakistan (CCP) has cleared Pakistan Telecommunication Company Limited’s (PTCL) $400 million acquisition of Telenor Pakistan, ending months of regulatory review. The deal will merge PTCL’s mobile arm, Ufone, with Telenor Pakistan, making it the country’s second-largest telecom operator. The CCP placed the transaction under a Phase II review before giving its approval. Regulators examined concerns about market dominan…